Opening Up Your Wallet: Checking and Savings Account Promotions
With so many options when it comes to managing your finances, it can be overwhelming to choose the right bank and account for your needs. Luckily, many banks and credit unions offer promotions to entice new customers and make that decision a little bit easier.
In this article, we will explore some of the current checking and savings account promotions available from OneWest Bank, PNC, Wescom Credit Union, FirstBank, and Citi.
OneWest Bank: Checking Account Promotions
OneWest Bank offers not one, not two, but three different checking accounts that come with some form of promotion.
Personal Checking is a basic account that comes with no monthly fee as long as you maintain a $100 minimum balance or have one direct deposit per statement cycle. If you open an account with a minimum deposit of $250 and use your debit card at least 10 times per statement cycle, you can receive a $100 bonus.
Premium Checking is a step up from Personal Checking and comes with all of the same benefits, plus ATM fee reimbursements and higher interest rates. If you open an account with a minimum deposit of $5,000 and maintain that balance for 90 days, you can receive a $250 bonus.
Finally, the OneAccount Checking account is a higher-tier account that offers even more benefits, such as unlimited ATM fee reimbursements and a higher interest rate than the other two accounts. If you open an account with a minimum deposit of $25,000 and maintain that balance for 90 days, you can receive a $300 bonus.
PNC: Virtual Wallet Promotions
PNC offers a unique banking experience with its Virtual Wallet, which is essentially three different accounts bundled into one: Spend, Reserve, and Growth. There are a few different promotions available depending on which account you open and which requirements you meet.
For example, if you open a Virtual Wallet with Performance Spend and make a qualifying direct deposit of at least $2,000 and at least 10 purchases with your debit card within 60 days, you can receive a $300 bonus.
If you don’t quite meet those requirements, there are still other promotions available, such as earning $50 for each friend you refer who opens their own Virtual Wallet and meets the qualifications.
Wescom Credit Union: Checking Account Promotions
Wescom Credit Union is currently offering a “WELCOME” promotion for its checking account. If you open a new checking account by December 31, 2021, and establish recurring direct deposits of at least $500 per month within 60 days of account opening, you can receive a $200 bonus.
FirstBank: Savings Account Promotions
While FirstBank doesn’t have any promotions currently running for checking accounts, it does offer its Bloom Package, which is a bundled checking and savings account. With the Bloom Package, you can earn up to a $400 bonus by meeting various requirements, such as making a certain number of debit card purchases, establishing direct deposits, and maintaining a minimum balance.
Citi: Savings Account Promotions
Finally, Citi is offering a promotion for its savings account that can earn you up to a $1,500 bonus. To qualify, you must open a new savings account with a minimum deposit of $15,000 and maintain that balance for 60 days.
The bonus you receive depends on how much money you deposit and maintain in the account, with the $1,500 bonus being the maximum.
Conclusion
Choosing the right bank and account for your needs is important, but it can also be overwhelming. These promotions from OneWest Bank, PNC, Wescom Credit Union, FirstBank, and Citi can make that decision a little bit easier.
It’s important to read the fine print and make sure you understand all of the requirements and restrictions before opening a new account. With the right account and promotion, you can take control of your finances and watch your savings grow.
Business Account Promotions: Chase, PNC and Bank of America
When it comes to managing finances for your business, choosing the right bank and account is extremely important. Not only should you look for a bank that can meet your various financial needs, but you may also consider the promotional incentives that come along with opening a new business account.
Here are few options to consider if you’re looking for business account promotions. Chase Business Complete Banking: QuickAccept
Chase Business Complete Banking is a popular option for small business owners.
Right now, they are offering a promotion that allows you to earn $300 when you open a new account and completes the following steps:
– Complete at least five qualifying transactions within 60 days of opening the account
– Deposit a total of $2,000 within 60 days of opening the account
– Enroll in Chase QuickAccept and complete a total of $2,000 in QuickAccept payments within 60 days of enrollment. QuickAccept is a service provided by Chase that enables businesses to easily accept card payments from their customers through their mobile phone.
PNC Business Checking Account: Treasury Enterprise Plan and Analysis Business Checking
PNC is another popular choice for business owners. They offer a few different business account options, each with various promotions available.
One option is the Treasury Enterprise Plan, which is aimed at businesses that have a higher volume of transactions. With this plan, you can earn $500 when you open a new account and meet the following requirements:
– Open the account with a minimum deposit of $5,000
– Complete a total of 20 qualifying business debit card transactions within the first three statement cycles
– Enroll in PNC Merchant Services
For businesses with lower transaction volumes, PNC also offers Analysis Business Checking.
With this account, you can receive a $200 bonus when you open a new account and meet the following requirements:
– Open the account with a minimum deposit of $2,000
– Complete a total of 20 qualifying business debit card transactions within the first three statement cycles
Bank of America Business Checking Account: Business Advantage Fundamentals Banking, Business Advantage Relationship Banking and Preferred Rewards for Business
Bank of America offers a range of business accounts that cater to different types of businesses. There are three main options available: Business Advantage Fundamentals Banking, Business Advantage Relationship Banking, and Preferred Rewards for Business.
With the Business Advantage Fundamentals Banking account, you can receive a $750 bonus when you open a new account and make qualifying deposits and transactions within the first 60 days. For the Business Advantage Relationship Banking account, you can receive a $1,000 bonus when you open a new account and meet the following requirements:
– Deposit a minimum of $50,000 within the first 90 days of opening the account
– Maintain an average balance of $50,000 or more for the next three months.
Finally, Bank of America also offers Preferred Rewards for Business, which is a loyalty program for their business banking customers. With Preferred Rewards for Business, you can earn rewards based on your eligible Bank of America business deposit accounts and Merrill business investment accounts.
Choosing the Best Bank Promotions for Your Financial Needs
When considering bank promotions, its important to think about your individual financial needs. Here are a few tips to help you choose the best promotion for you:
– Evaluate your financial needs.
Consider what banking products and services you need to manage your finances effectively. – Research options for banks and different accounts.
Compare the promotions, features, rates, and fees to find the best account for your business needs. – Check the terms and conditions.
Review the fine print carefully to ensure you fulfill all the requirements to receive the rewards. – Speak to a banking representative.
You may be able to negotiate a better promotional offer or receive more information by speaking directly with a banking representative. Ultimately, choosing the right bank and promotional offer can help you manage your finances and potentially earn additional monetary benefits for your business.
Other Banks in California:
Cathay Bank and
City National Bank
In addition to traditional big-name banks, such as Chase, PNC and Bank of America, there are a number of other banks that offer a variety of products and services for individuals and businesses alike in California. Two other banks worth noting are
Cathay Bank and
City National Bank.
Cathay Bank
Cathay Bank is a regional bank headquartered in Los Angeles, California. With more than 60 branch locations throughout California, Washington, and several other states,
Cathay Bank offers a range of personal and business banking products and services.
Their focus has been on serving the Chinese American community, although they serve all customers.
Personal Banking
Cathay Bank offers personal checking and savings accounts, as well as CDs, IRAs and money market accounts. They also provide debit cards, credit cards, and online banking services.
You can enjoy surcharge-free access to
Cathay Bank ATMs or Co-Op Network ATMs, along with a personal touch from their knowledgeable staff.
Business Banking
Cathay Bank offers a variety of business banking products and services to help support businesses of all sizes, from small businesses to multinational corporations. Business checking accounts offer a range of features such as online banking, mobile banking, merchant services, and overdraft protection.
They also offer loans and lines of credit, international banking services, and treasury management services.
City National Bank
City National Bank has been serving Southern California and neighboring states for more than 60 years. With more than 70 branch locations throughout the country,
City National Bank offers a range of personal and business banking and wealth management services.
They offer trusted advice and tailored solutions to help their customers achieve their financial goals.
Personal Banking
City National Bank offers personal checking and savings accounts, as well as CD and money market accounts. They also offer debit and credit cards, and online banking services.
Their personal banking services are designed to help customers manage their finances, while also helping them on the path to achieving their financial goals.
Business Banking
City National Bank offers a full range of business banking products and services to help businesses succeed. Business checking accounts, loans and lines of credit, and treasury management services are all available to support your business’s financial needs.
They offer customized solutions based on specific industry needs, and their seasoned bankers offer personalized advice.
Wealth Management
City National Bank has a reputation for providing exceptional wealth management services. They work with clients to develop customized strategies that are tailored to meet their specific financial goals.
Whether clients are looking to build wealth, preserve it or transfer it,
City National Bank offers a wide range of services to meet their needs.
Choosing the Right Bank for Your Needs
Choosing the right bank ultimately comes down to what kind of financial needs you have, and finding the best match for those needs. While there are certainly many reputable large national banks, other banks, such as
Cathay Bank and
City National Bank, offer local, more personalized service that some customers may prefer.
When comparing banks, its important to consider factors such as the types of products and services offered, the fees and rates, the convenience of the bank’s branches and ATMs, and the quality of customer service. Simply put, doing one’s due diligence and research can increase the chances of finding the best bank to meet your needs.
In conclusion, effectively managing your finances is key to achieving your financial goals. With so many different banks and account options available in California, its important to research and choose the best bank that suits your unique financial needs.
From checking and savings accounts to business banking and wealth management, banks like Chase, PNC, Bank of America,
Cathay Bank, and
City National Bank are all vying to offer the best products and services. Comparing the types of products and services offered, fees, rates, convenience, and customer service will increase your chances of finding the best bank to meet your needs.
Remember that banking is a competitive industry and taking advantage of promotions or incentives can help you make the most of your money. By making informed decisions and carefully managing your finances, you can achieve your financial goals and build a better future.