These Banks Will Pay YOU Money to Open a Checking Account This Summer.

Big banks are always looking for new customers, and tighter lending standards have reduced traffic for mortgages.

Meanwhile, only an estimated 10 percent of bank customers report they’re likely change their bank within six months, according to the World Retail Banking Report 2013,
So banks are coming up with cash incentives to swell their customer base, and that means extra money for consumers looking to switch the location of their checking and savings accounts.
Christina Lavingia, of, has put together a helpful list of this summer’s best bank promotions offering cash back.
“The banks listed aren’t the only institutions doing this, by far,” writes Lavingia. “Consumers looking to boost their deposits this summer should check with banks and credit unions in their local markets for more offers.”
Here’s the list:
BBVA Compass Bank: Enter a raffle for the chance to win $100 by sending money through the Pay People with Popmoney®.
BMO Harris Bank: Earn $150 for opening an Everyday Checking account, $200 for opening either a Select Checking or Portfolio Checking account with a qualified direct deposit until Sept. 30, 2014.
Capital One: Make a total of three debit card purchases or Person2Person payments within 45 days of opening a 360 Checking account to earn a $50 bonus.
Chase Bank: Receive a $150 bonus when you open a Total Checking account with a $100 opening deposit and enrollment in direct deposit and $250 when you open a Chase Premier Plus Checking account with $100 and direct deposit enrollment. Deal is available until Oct. 15, 2014.
Citibank: Earn $10 each month through Dec. 31, 2014 by enrolling in the offer by July 31 and performing at least one online bill pay, mobile check deposit or outgoing Popmoney® transfer.
Fifth Third Bank: If you received a postcard offer from Fifth Third Bank, you can get a $150 cash bonus when you open an Essential or eAccess checking account with direct deposit. Get $200 for enrolling with an automatic direct deposit of $100 or more. Get $250 for opening a new Preferred, Enhanced or Established Checking account with $100 direct deposit. Accounts must be opened by Aug. 31, 2014 or by the date on the postcard to qualify.
First Republic Bank: Checking and savings account holders who download the bank’s free Trusteer Rapport online banking protection software receive $25.
KeyBank: Open an eligible KeyBank checking account online, enter offer code ONFT0614and place at least $1,000 in cumulative direct deposits within 60 days after account opening to receive $150. This offer only applies to new customers who have not had a KeyBank checking account in the last 12 months, and is available until Oct. 3, 2014.
PNC Bank: Open a new PNC Virtual Wallet® to get $100 in cash-back rewards, or a Virtual Wallet with Performance Spend to earn $200 and a Virtual Wallet with Performance Select to earn $300 upon opening. Promotion available until Aug. 29, 2014. Customers must establish a qualifying direct deposit to the account and make at least one payment with PNC Online Bill Pay to receive the bonus.Z
Santander Bank: Meet a minimum opening deposit requirement, have direct deposits of $1,500 or more into the extra20 Checking account and pay two bills through the Online Banking BillPay tab within the monthly service fee period to be credited $20 to your extra20 Savings account, for up to $240 in one year.
TD Bank: Children enrolled in kindergarten through fifth grade receive $10 toward a new or existing Young Saver account upon reading 10 books this summer before Aug. 31, 2014.
The Huntington National Bank: $100 cash back for new customers who open an Asterisk-Free Checking account with a mailed coupon and meet the coupon requirements.
U.S. Bank: Earn $100 in rewards with the S.T.A.R.T. savings program when you pair a Silver, Gold or Platinum Checking account with a Package Money Market Savings account. Depositors also earn a $50 U.S. Bank Rewards Visa® Card when they save $1,000 and receive another $50 Rewards Card if funds are maintained for a year.

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