Banks Giving Away Free Cash – Bank Promotions and More

Compare bank offers to find the latest bank deals including banks that are giving away free cash.
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excited girls receiving free cash from bank sitting on a sofa

Banks spend money to find new customers. They buy advertise through print publications, on radio, on TV, online and through the mail to try and bring in new customers and new deposits to their bank. Under the radar is another effective promotion tool that some banks are using to advertise bank rates. Free gifts, including cash bonuses, can be an effective way for banks to entice customers to open new accounts. Use a site like to find details of the offer and in some cases to receive a special offer code or link to cash-in on the offer.

Checking Account Offers

Finding a bank deal for your checking account is a great idea. If you keep your balances very low in your checking account, finding the best rates may not be your number one priority. Finding a bank that will give you a free $25, a free $50, or even a free $100, may be a better deal than worrying about the difference in interest earned between a 1.25% rate and a 0.50% rate. Find a checking account offer that makes the most sense for your banking needs and activities.

Savings Account Offers

An online bank savings account is simpler than a checking account. Park the money in the account and let the interest compound. Regulatory limits of six preauthorized transfers apply to savings accounts, but most online banks do not charge monthly maintenance fees on their savings accounts. Savings account sign-up bonuses are available from a number of bank.

Other Bank Offers

If the cash offers are not enough to get you excited about opening a new bank account, banks are also giving away frequent flier miles, iPods and gift cards. Bank customer will pay taxes on the value of any gifts that they receive, but the gifts are typically a lot nicer than the free toasters that banks of yesteryear gave away. Keep perusing the bank promotions and offers posted on to find the deal that is perfect for you.

FDIC Insurance

The FDIC insures bank accounts up to $250,000 per depositor, per covered institution. If you have concerns about a bank account that you find online and FDIC insurance, check to verify details and information about the bank.

About Author
Clark Schultz joins as a writer who contributes articles on the topics of personal finance, savings and the economy to major financial websites. His online content has been cited in The New York Times, Wall Street Journal, Barron’s and other major publications as a good resource for savers. He resides in University City, Missouri with his wife and children.