$1,000 Bank Bonus Offers (April 2024)

Are you looking for a bank that will give you over a thousand dollars to open an account?

Banks usually go one of two ways when it comes to bank bonuses – they require you to set up a direct deposit OR you can move over a large sum of money and hold it there for a few months.

A lot of banks will offer you a few hundred dollars to move your direct deposit, but for the truly big money – we’re talking thousands of dollars – they want you to move over a large sum. If you have a bit of cash sitting around, you could get even more.

Maybe you just sold something big – a business, a house, another major asset – and you need to hold that cash somewhere safe for a few months before you do something with it (buy another house, business, or major asset!).

Whatever the case, it’s possible to make extra cash with some of these bank offers:

Table of Contents
  1. Tastytrade – up to $5,000
  2. Citigold® Checking Account – up to $2,500
  3. Chase Private Client – up to $3,000
  4. Firstrade – up to $5,000
  5. M1 Finance – up to $20,000 [EXPIRED]
  6. Wells Fargo Premier $2,500 Offer [In Branch Only]
  7. Capital One 360 Performance Savings – up to $1,500 [EXPIRED]
  8. Chase Sapphire Preferred Card – 60,000 Ultimate Rewards points
  9. Capital One Spark Cash Plus – $1,200 cash bonus
  10. Other Bank Bonuses

Here’s a summary of the bonus details below.

The table lists the maximum bonus available and what it takes to get that bonus. In some of the deals, there are even higher tiers but this table lists just the lowest above-$1,000 tier and the requirements.

We included some credit cards in this list too, since you can get a bonus of over $1,000, so the terms are usually spend related, rather than deposit related.

Bank NameCash BonusTerms to Get Bonus
Chase Private Clientup to $3,000Deposit $300,000+
Tastytradeup to $5,000Deposit $100,000+
M1 Financeup to $20,000Deposit or Transfer $250,000+
Wells Fargo Premier
(in branch only)
$2,500 Deposit or Transfer $250,000+
Chase Sapphire Preferred Card60,000 Ultimate Rewards pointsEarn 60,000 Ultimate Rewards points after you spend $4,000 in purchases within the first three months
Capital One Spark Cash Plus$1,200 cash bonusEarn after spending at least $30,000 and using the card within three months of account opening

Tastytrade – up to $5,000

Tastytrade has a simple promotion – open and fund a new Tastytrade account and transfer in funds to get up to $5,000 in cash. This is valid for new Tastytrade customers and existing Tastytrade customers as long as they have not yet funded an account:

The bonus is based on the amount transferred:

Deposit AmountCash Bonus
$2,000 – $4,999$50
$5,000 – $24,999$100
$25,000 – $99,999$500
$100,000 – $249,999$2,000
$250,000 – $499,999$3,000
$500,000 – $999,999$4,000
$1,000,000 – $4,999,999$5,000

The referral/promotion code for this offer is “MYNEWBONUS” and you must put it in the Referral Code Field when applying. There is a 12-month withdrawal hold on the initial funding amount to retain the cash bonus.

👉 Learn more about Tastytrade

(Offer expires 12/31/24)

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website.  tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website.  Marketing Agent is independent and is not an affiliate of tastytrade.

tastytrade was previously known as tastyworks, Inc.

Citigold® Checking Account – up to $2,500

Citi has a promotion where you can get up to $2,500 when you open a new Citigold® Checking Account too. Just deposit $30,000 or more in New-to-Citi funds in eligible linked accounts within 20 days and then maintain that balance for 60 days following the 21st day.

The bonus you earn is based on the amount you deposit.

Minimum BalanceCash Bonus
$30,000 – $199,999$500
$200,000 – $299,999$1,500
$300,000 or more$2.500

The cash bonus will be deposited to your open, eligible account within 30 calendar days after you complete all required activities.

So long as you have not owned a Citi checking account in the last 180 days, are at least 18 years old, and furnish or have a valid Form W-9 or Form W-8BEN on file with Citi® and are not subject to backup withholding, you can participate in the Welcome Checking Cash Bonus Offer in select markets.

👉 Learn more about Citigold offer

Chase Private Client – up to $3,000

Chase Private Client has a bonus of up to $3,000 when you open a new Chase Private Client CheckingSM account with qualifying activities.

The bonus is based on how much you deposit.

Deposit AmountBonus Amount
$150,000 – $249,999$1,000
$250,000 – $499,999$2,000
$500,000 or more$3,000

Within 45 days of enrollment, transfer qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan Wealth Management non-retirement accounts. This eexcludes Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, J.P. Morgan Wealth Management retirement accounts and CDs.

Your bonus will be determined on day 45. Then, maintain your new money for 90 days from coupon enrollment and it will be added to your account within 40 days.

👉 Learn more about Chase Private Client

Firstrade – up to $5,000

Firstrade has a limited time promotion available until April 10th, 2024 – you can get up to $5,000 cash when you open and fund an IRA account with more than $5,000. Firstrade is a brokerage based out of Flushing New York and they’ve been in business since 1985.

They offer commission-free trades on all trades – stocks, options contracts, ETFs, mutual funds, bonds – plus no deposit minimums and no hidden fees.

Here is their bonus schedule:

Deposit or
Transfer Funds
Cash Back
Bonus Amount
$5,000 – $9,999$50
$10,000 – $24,999$100
$25,000 – $99,999$300
$100,000 – $499,999$700
$500,000 – $999,999$1,500
$1,000,000 – $4,999,999$3,000

This bonus is only available for a limited time so if you’re considering Firstrade, I’d get it before it expires on April 10th, 2024!

👉 Learn more about Firstrade

M1 Finance – up to $20,000 [EXPIRED]

M1 Finance is self-directed robo-advisor that facilitates investing by letting you invest in “pies,” or baskets of stocks. You can build your own pie or pick from one of several “Expert Pies” based on your risk tolerance and investment goals. The most surprising part is that it’s completely free, they make money through other financial products (interest on margin, transaction fees on their debit card) and sale of order flow (same as Robinhood and other free brokerages).

They have a new account bonus based on how much you deposit:

Deposit AmountYour Bonus
$100,000 – $249,999$250
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 – $1,999,999$4,000
$2,000,000 – $4,999,999$10,000
$5,000,000 – $6,999,999$15,000

Here is our full M1 Finance review for more on the service.

👉 Learn more about M1 Finance

Wells Fargo Premier $2,500 Offer [In Branch Only]

If you have $250,000 cash sitting around looking for new friends, the Wells Fargo Premier bonus is a sizable one – get $2,500 when you:

  • Open a new Premier Checking account at a Wells Fargo branch with a minimum opening deposit of $25 by 4/1/2024. You must provide the bonus offer code to the banker at the time of account opening.
  • Bring $250,000 or more in new deposits to qualifying linked accounts by Day 45 and maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
  • We’ll deposit your bonus into your new Premier Checking account within 30 days after you have met all offer requirements.

The only downside is that this offer has to be completed in a branch. Go to the page linked below, enter your email on the promotion page, and Wells Fargo will send you your personalized promotion code and instructions to open the account.

The account has a $35 monthly service fee that can be avoided if you have $250,000 or more in account balances with them.

👉 Learn more about Wells Fargo Premier

(Offer expires 4/1/2024)

Capital One 360 Performance Savings – up to $1,500 [EXPIRED]

Capital One has a tiered bonus on their Performance Savings account. Open an account and deposit at least $20,000 in new funds into the account during the 15-day initial funding period and keep it there for an additional 90 days. The promotional page shares a promo code of FALL23 so make sure you enter that in if it’s not automatically populated.

  • Earn a $300 bonus when you deposit $20,000 – $49,999,
  • Earn a $750 bonus when you deposit $50,000 – $99,999,
  • Earn a $1,500 bonus when you deposit $100,000 or more.

If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2021, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus..

Learn more about Capital One 360
(Offer expires 1/9/2024)

Chase Sapphire Preferred Card – 60,000 Ultimate Rewards points

Chase Sapphire PreferredThe Chase Sapphire Preferred card has a great welcome bonus – earn 60,000 Ultimate Rewards points after you spend $4,000 in purchases within the first three months.

Normally, Chase Travel points are worth about a penny a piece but when you have the Chase Sapphire Preferred Card, your points are worth 25% more when you use their travel portal. This means the value is about a thousand dollars once you factor in that bump up.

The card is also solid as a daily use card (it’s our primary credit card) because the cashback rewards schedule is so favorable. I go into greater detail in our review of whether the Chase Sapphire Preferred card is worth it.

It has an annual fee of $95.

👉 Learn more about Chase Sapphire Preferred card

Capital One Spark Cash Plus – $1,200 cash bonus

Capital One Spark Cash PlusIf you run a business, you may be interested in the Capital One Spark Cash Plus. With this card, you can earn $1,200 cash bonus after you spend after spending at least $30,000 and using the card within three months of account opening.

This card has an annual fee of $150!

Best of all, you earn unlimited 2% cash back on every purchase, with no limits. This makes a strong case for it to be your standard business card (for at least a little while).

The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information.
We may be paid for the content on this site.

Other Bank Bonuses

As you can see, there aren’t a lot of $1,000 bonuses. It’s a lot of money and so banks make the requirements quite difficult to achieve – but it’s possible!

But at the next level, at just a few hundred dollars, there are many deals.

Here are some other popular bank bonuses, many of which are far less than $1,000, but still worth checking out:

Barclays – $200

Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.

👉 Click here to learn more

BMO Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more

Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more

HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

We will continue to update this post if we find of any massive bank bonuses for you!

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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