[OR, WA, CA & ID] Banner Bank Up To $500 Checking Bonus & $500 Savings

Extended to 6/30/26

Update 1/17/26: Now a $500 checking & $500 savings bonus. Keep in mind terms say ‘Offer is not available to those whose accounts have been closed within the last 2 years.’

Offer at a glance

Maximum bonus amount: $1,000
Availability: Offer available to residents of OR, WA, CA or ID only
Direct deposit required: Yes, $2,500+
Additional requirements: Use promo code
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Yes
Monthly fees: Avoidable
Early account termination fee: None
Household limit: None
Expiration date: 3/31/26

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Banner Bank is offering bonus of up to $1,000. Must use promo code 2026DP. Bonus is broken down as follows:
- Checking:
  - $250 bonus:
    - Open a new personal checking account
    - Receive direct deposits totaling $2,500 in 60 days
    - Maintain $2,500 balance for an additional 90 days
    - Get paid within 30 days of meeting offer criteria
  - $500 bonus:
    - Open a new personal checking account
    - Receive direct deposits totaling $5,000 in 60 days
    - Maintain $5,000 balance for an additional 90 days
    - Get paid within 30 days of meeting offer criteria
- Savings:
  - $250 bonus:
    - Open a new personal savings account
    - Deposit $5,000 in new money within 60 days
    - Maintain $5,000 balance for an additional 90 days
    - Get paid within 30 days of meeting offer criteria
  - $500 bonus:
    - Open a Personal High Yield Relationship Savings account
    - Deposit $25,000 in new money within 60 days
    - Maintain $25,000 balance for an additional 90 days
    - Get paid within 30 days of meeting offer criteria

The Fine Print

To receive the personal checking or savings offers, you must open your account(s) online at bannerbank.com or at a Banner Bank branch and use the promotional code at account opening that was provided to you by Banner Bank. Offer is not available to those whose accounts have been closed within the last 2 years. You may receive only one new account opening-related bonus every 2 years on a personal checking account and one new account opening-related bonus every 2 years on a personal savings or money market account. To qualify for the personal checking offer, you must not already have a personal checking account with Banner Bank. To qualify for the personal savings offer, you must not already have a personal savings or money market account with Banner Bank. Offer is subject to change without notice and may not be combined with any other offer. Must meet standard account opening requirements. Offer available to residents of OR, WA, CA and ID only.
To receive the $250 personal checking bonus: Open any new Banner Bank personal checking account AND complete at least $2,500 of direct deposits into that account within 60 days AND maintain a minimum balance of $2,500 for 90 days.
To receive the $500 personal checking bonus: Open any new Banner Bank personal checking account AND complete at least $5,000 of direct deposits into that account within 60 days AND maintain a minimum balance of $5,000 for 90 days.
To receive the $250 personal savings bonus: Open any new Banner Bank personal savings or money market account AND deposit a minimum of $5,000 of new money (not held at Banner Bank) into that account within 60 days AND maintain a minimum balance of $5,000 for 90 days.
To receive the $500 personal High Yield Relationship Savings bonus: Open a new Banner Bank personal High Yield Relationship Savings account AND deposit a minimum of $25,000 of new money (not held at Banner Bank) into that account within 60 days AND maintain a minimum balance of $25,000 for 90 days.
Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments or mobile check deposits are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. Deposits are subject to verification and not available for immediate withdrawal.

Avoiding Fees

There is a $2 paper statement fee, so remember to opt for eStatements.

Monthly Fees

Connecting checking account’s monthly fee is waived if:

$500 or more in direct deposits each month or
a minimum daily balance of $500 or more or
if any account owner is under age 25

Early Account Termination Fee

Account must be kept open for six months otherwise bonus is forfeit.

Our Verdict

$250 bonuses require less of a deposit but obviously half of the $500 bonus. If you put the $25,000 from the $500 savings bonus account into a 5% account you’d earn $308 so that might not be worth doing. Other bonuses are well worth doing and we will add it to our best bank account bonus page.

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