Bank bonus checklist before you apply
The best time to prevent a denied or unprofitable bonus is before the application is submitted.
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Summary
Confirm eligibility, enrollment path, qualifying activity, deadlines, fees, payout timing, closure rules, tax treatment, and the evidence you will retain.
Eligibility
- Am I a new customer under this offer’s definition?
- Does a prior account or bonus create a waiting period?
- Is the offer available in my state and application channel?
Execution
- Must I use a specific page, code, or same-day enrollment?
- Which deposits, purchases, or balances count?
- When does each clock start, and are days calendar or business days?
Real value
- What fees may apply before and after payout?
- What interest or liquidity do I give up by holding a balance?
- Could the bonus be taxable, and is the net value still worthwhile?
Evidence
- Save the official offer and disclosures.
- Record opening, deposit, spending, and deadline dates.
- Retain statements until payment and any tax reporting are complete.
Frequently asked questions
What should I save before applying?
Save the dated official offer, its full terms, the application path or code, and a written timeline of required actions.
Should I apply if I cannot waive the monthly fee?
Calculate expected fees through payout and afterward. A positive headline does not automatically make the account worthwhile.
Should I move money before opening?
Not until you understand the offer’s new-money definition. Funds moved too early may not qualify.
Related offers
- Chase Total Checking®: $400
- SoFi Checking and Savings: Up to $400
- PNC Virtual Wallet®: Up to $400
- Citibank Regular Checking: Up to $1,500
Official references
Last verified July 25, 2026. This is general educational information, not individualized financial, legal, or tax advice.