Posted by William Charles on April 22, 2019
Bank Account Bonuses

Published on April 22nd, 2019 | by William Charles

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A List Of Churnable Bank Account Bonuses

In this post we will look at bank account bonuses that are churnable (can be completed more than once). I’ve split the list into nationwide bonuses and state specific bonuses, this is by no means a comprehensive list, but I’ll add to it as I see new opportunities arise. In addition we will list the official churnable rules and also if they are churnable more often than what is listed.

Please make sure you always check the fine print of each offer, as they sometimes vary offer to offer. It’s always clearly spelled out in the fine print what the rules are.

Nationwide

Bank of America

Can’t have had an account within the last six months:

  • This offer is intended for new checking customers only; you are not eligible for this offer if you were a signer on or owner of a Bank of America personal checking account within the last six (6) months.

Chase

The official rule is that you can “You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account.” Previously this was once every calendar year, it looks like the new rule is not back dated, for more information on that read this post here.

PNC

Can’t have received a bonus in the last 12 months, or been an account holder in the last 90 days

  • New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 12 months.

U.S. Bank

Can’t have received a bonus from U.S. Bank in the last 12 months:

  • Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last six months, or received other U.S. Bank bonus offers within the past 12 months (limit 1 bonus per customer).

State Specific

Bank & Trust

This bank have terms that say bonus is not available to “customers or those who had accounts open on or before <specific date that changes>”. According to this comment that is not enforced.

BB&T – AL, DC, FL, GA, IN, KY, MD, NC, OH, SC, TN, TX, VA, WV

Can’t have an existing account or have closed an account since a specific time, for example the current fine print reads:

  • You must be a new BB&T personal checking client and must not have closed a BB&T personal checking account since March 15, 2018

BMO Harris – AZ, FL, IL, IN, KS, MO, MN and WI

Can’t be an existing account holder or have closed an account within the past 12 months. Fine print reads:

  • Offer is not available to existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months.

Citizens Bank – MI & OH, CT, DE, MA, NH, NJ, NY, PA, RI, and VT

These accounts are churnable, the fine print says the following:

  • 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

Fifth Third – FL, GA, IL, IN, KY, MI, NC, OH, TN, WV

Account needs to have been closed for more than 12 months before the bonus can be done again

  • Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking or Express Banking account that has been closed within the last 12 months.

First Tennessee – AL, AR, GA, KY, MS, NC, TN, VA (Varies By Bonus)

Can’t have had an opened account in the last 12 months (this is on a household basis).

  • This offer is for new checking households, or for households who have not had an open First Tennessee consumer checking account in the previous 12 months. Customer agrees to maintain account in good standing for a minimum of 6 months.

M&T Bank – CT, DC, DE, MD, NJ, NY, PA, VA, WV

This account used to be highly churnable, but that is no longer the case. Now you can’t receive the bonus if you’ve had an account open in the past 12 months:

  • Cash bonus offers are not available to employees of M&T Bank or any of its affiliates or to customers who have already received a bonus in connection with an M&T personal checking account within the preceding twelve-month period.

Regions Bank – AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN & TX

Can’t have had an account within a specific time, for example in a recent offer it stated:

  • does not apply if you have or had an ownership interest in a Regions checking account on or after January 2, 2018

Usually it’s one year before the promotion started, e.g the above promotion started on January 2nd, 2019.

SunTrust – AL, AR, FL, GA, MD, MS, NC, SC, TN, WV, VA, and D.C

These accounts are churnable, here are the rules:

  • Cannot be an existing account holder (primary or secondary)
  • Must not have had an open account (primary or secondary) in the past 180 days
  • There is also an early account termination fee of $25 if the account is closed within 6 months

Basically can do these bonuses once every year, slightly more often if you pay the early account termination fee but typically it’s not worth it as you also need to wait awhile for the bonus to post.

VantageWest – AZ Only

The official terms state:

  • Promotion offered only for new checking accounts and credit cards and does not apply to increases, conversions or re-opening of a closed account or credit card. Certain restrictions may apply.

According to this comment this is not enforced.



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NN
NN

was able to get Whitney checking bonus twice the last 2 years. definitely churnable AFAIK

Matt K

Citi? Available after 180 days from last closure. Basically once per year.

Jason_08
Jason_08

is it still 180 days? the newest links doesn’t state the 180 days, and instead says “New-to-Citibank” customers

Beefer
Beefer

I think this data would work better in a table like the payment workshop.

Mimi
Mimi

For the latest Regions Bank $200 SUB offer with promo code 20048SOC19Q2, the fine print says does not apply if you have or had an ownership interest in a Regions checking account on or after March 8, 2018, only applies to personal LifeGreen checking accounts and may be withdrawn at any time without notice.

carl wilson
carl wilson

If you wanna add Associated Bank for state/regional. I got the bonus in late ‘16 and early ‘18.

Consistently good bonus for people in the Midwest. Good customer service, fast bonus post and low minimum balance to keep account fee free. Need to keep the account open for 12 mo or forfeit the bonus. Early 2018 I got cash bonus + 2 Brewers opening day tickets which I flipped on StubHub for an extra ~$80.

RG
RG

M&T Bank: The language specifies if you received a bonus in the past 12 months, correct? I’ve gotten the bonus while having another account open, as long as it was >12 months since receiving the previous bonus.

JuicyJosh
JuicyJosh

That’s good to know. The opening of a new relationship (after closing previously) with them was painful. Required phone calls, etc. Sounds like a reason to leave the free account open forever. At least one of them, haha.

Clint
Clint

Will – Regarding M&T, I think there needs to be an “ed” added to “open” in the following statement: “Now you can’t receive the bonus if you’ve had an account open in the past 12 months”. It changes the meaning from my perspective.

Bmanamex
Bmanamex

I have gotten bonuses multiple times on Santander and Liberty Bank (CT). Harbor One does not allow churning, denied bonus second time.

Sam
Sam

Much needed post. Churnable should also be part of each bank’s new promo similar to how you have “soft/hard hit”

lingua
lingua

Yes, this makes sense. Though unless Will is adding staff to help manage DPs, I’d rather see more focus on updating DP links for direct deposits and chex.
It’s straightforward to check terms for churnability terms.

Theory
Theory

William Charles Chase’s new 2-year rule does appear to be backdated according to all the comments that have been added to that linked post since you added that it wasn’t backdated (and it’s unclear where that claim even came from; there are no data points linked).

Gadget

On that page, Max says he/she is the DP. I agree with you… Max might have got lucky, but most of us are not. The other possibility is that Chase caught the error right away in January sometime after Max signed up, but at the time of DoC posting, it already wasn’t working… IMO, it’s been corrected and the backdating per se is working in Chase’s favor.

Sarah D
Sarah D

Why is this list so short? I thought being churnable was the rule and not the exception. The only bank I’m aware of that has a 1/lifetime restriction is discover.

lingua
lingua

+1
Not sure if this list is useful without updated links perhaps…Something to supplement the best bank bonuses list I suppose.

Millennial Outrage

Cap1 Savings and MM bonuses are similarly restricted.

Yet Another Redditor
Yet Another Redditor

Please add Huntington personal checking and Wells Fargo personal checking as well. I guess WF Business Checking is churnable too, will be able provide a DP soon.

Rubic
Rubic

Can confirm that I’ve churned the First Tennessee bonuses 3 times by following their rules, i.e. waiting 12 months after closing my account before reapplying.

Betelgeuse
Betelgeuse

I think when mentioning the current or most recent promotion it would be helpful to mention the expiration date to get better idea of how often the account is churnable.

CT
CT

Be careful with the promo code from Bank of America. If you used their online only code once you can not use the same promo code again and expect a bonus. I notice the last time around they did not refresh the promo code and it was the one I used before so I was denied the promotion bonus.

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