Citizens Bank $500 Bonus for New Checking/Savings Accounts (Select States)

Citizens Bank Checking Account Bonus

🔃 Update: The $400 offer has been extended through 3/15/2026.

• Get $300 when you open your first new personal checking account and make a single direct deposit of $500 or more within 60 days.
• Get $100 when you open your first new personal savings account on the same date as you open your new personal checking account. Then make monthly deposits of $350or more into the new savings account for 3 months in a row, starting the month of, or the month after, the accounts are opened.

There’s also a $500 bonus, available in-branch only, that ends on 1/26/26:

• Get $300 when you open your first new personal Citizens Checking account and make one or more direct deposits totaling $1,000 within 60 days.
• And get up to $200 when you use your new Citizens debit card for purchases. Earn $2 for each qualifying debit card purchase made within 60 days of account opening, up to $200.

Citizens Bank has a new promotion that can earn you $400 in cash for opening a new checking account. This offer is available in CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT, and now also in DC, FL and MD because Citizens acquired about 80 HSBC branches. Let’s see how this Citizens Bank $400 bonus works.

How to Earn this $400 Bonus from Citizens Bank 

To earn this $400 bonus, you need to:

• Open your first new personal checking account
• Have at least one single direct deposit of $1000 or more post to your new checking account within 60 days of account opening. 

Are You Eligible?

• Offer available in CT, DC, DE, FL, MA, MD MI, NH, NJ, NY, OH, PA, RI & VT.
• Primary signer on the new checking account may not be or have been a primary or secondary signer on any personal checking account within the previous six months.

Account Fees

• One Deposit Checking account is probably the best option, has a monthly maintenance fee of $9.99 that is waived with one deposit each statement period.
• The savings account doesn’t have a monthly fee.
• No early closing fees.

Guru’s Wrap-Up

Citizen has offered a $600 bonus in the past for its checking and savings accounts. However, this is still a relatively easy bonus.  You get $300 with the checking account after completing a $500 direct deposit, and then a $100 bonus with three $100 monthly deposits into your savings account.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state.

And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

💡 Link & Key Details

• OFFER PAGE
• Bonus: $400
• Account Type: Checking
• Availability: CT, DC, DE, FL, MA, MD MI, NH, NJ, NY, OH, PA, RI & VT.
• Inquiry Type: Soft pull
• Credit Card Funding: No
• Direct Deposit Requirement: $1,000 (see what works)
• Other Requirements: $100 monthly deposit for 3 months
• Monthly Fees: $9.99 (can be waived)
• Closing Account Fee: None
• Expiration Date: 11/26/20 5/13/21 7/8/21 9/2/21 10/28/21 2/17/22 4/14/22 6/9/22 11/24/22 8/31/23 12/31/23 6/6/24 3/13/25 3/15/26

HT: DoC

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