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?
- Have I reviewed early-closure terms before closing the account after the bonus?
- 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 August 2, 2026. Offer facts are tied to the verification dates shown on each linked record. This is general educational information, not individualized financial, legal, or tax advice.