Citizens Bank Extends $400 Checking Account Bonus to June 6

Citizens Bank Checking Accounts - Up to $400: How To Get It

• Open a new eligible personal Citizens Bank checking account by June 6, 2024: This offer is available on five checking accounts: One Deposit Checking, Quest Checking, EverValue Checking, Student Checking, and Private Client Checking. These accounts have different fees and features, such as earning interest or access to financial advisors.
• Receive at least one single direct deposit of $500 or more within the first 60 days to earn $300: Unlike most other bonuses, where the requirement involves the total amount of your deposits, Citizens Bank requires a single deposit of at least $500.
• Earn $2 per debit card transaction, up to $100, within the first 60 days: Signature and PIN-based transactions (in-person, in-app, and online) are eligible and will count toward this bonus. Fund transfers through services like Zelle are not eligible.
• Wait and receive the bonus: Citizens Bank may take up to five months after the date of account opening to pay out this bonus. That’s longer than most bank bonus offers (many others that we track pay out bonus money within four or less months), but the high payout may be worth the wait.
  

Are Citizens Bank Bonuses Worth It?

If you live in an eligible state where Citizens Bank operates, it could be worthwhile to pursue a bonus for one of the checking accounts above, especially if you often make debit card purchases. 

The $300 deposit bonus is relatively easy to get. Many other bank bonuses require thousands of dollars in deposits to earn that much or less, but Citizens only asks for $500. This 60% return is quite a bit better than most bonuses we track (the median ROI is about 15%), and the extra $100 you can get for debit card transactions makes it even better.

Another point in this offer’s favor: Citizens Bank offers the same bonus for a variety of account types, giving you some flexibility to get the checking account you need without sacrificing bonus value. With many other banks we track, premium accounts have higher bonuses and higher requirements, while simpler accounts (like student accounts) have lower bonuses and lower requirements.

How We Track Bank Account Bonuses

Every business day, Investopedia tracks 23 banks and the current, new, extended, and expired account bonuses they offer customers. Banks are chosen based on consumer interest and we add banks to our list as needed to ensure we're always reporting on the best bank bonuses. We update our picks for the best bank account bonuses, the best checking account bonuses, and the best savings account bonuses as needed, chosen based on bonus amounts, bonus requirements, and account features. We aim to provide you with news about checking and savings account bonus offers so you can take advantage of them as soon as possible.