Current is a neobank that makes it easier to manage your money. They offer up a Basic Checking and Premium Checking account, through Choice Financial Group or Metropolitan Commercial Bank, which means your money is FDIC insured up to $250,000 per account.
It’s just like a regular bank, except it’s technically a neobank.
That said, did you know that you can get $50 when you open an account and satisfy a few easy conditions?
Here are the details:
Current Bank will give you $50 when you join and open a Premium Checking account and:
- Enter the Current Promo Code WELCOME50
- Connect a Payroll Direct Deposit of $200 or more within the first 45 days of opening your account (this must be from an employer or payroll provider by ACH deposit)
That’s it – it takes less than 2 minutes to sign up and the reward is paid 10 business days after the deposit is made to the account.
The only restriction is that you must be a new, first-time Current account holder and you cannot pair it with a referral reward.
The Current Premium Account has quite a few perks that you may like in your main bank including:
- Fee-Free overdraft up to $100 (if you have $500 in qualifying direct deposits each month)
- Get paid up to 2 days faster
- Mobile deposit through your phone
- Up to 15X points and cashback with your card at participating merchants
If you want to learn more about Current, our Current Bank review explains everything in much greater detail.
How Does This Offer Compare?
If you are looking at opening a Current Bank account, this offer is a no brainer. You might as well get fifty bucks if you’re going to be opening the account anyway!
If you’re searching for a bank and want to find the highest cash offer available as a bonus, $50 is nice but it’s certainly not within the range of the best offers out there. I think a good bonus starts at $100 and many are in the several hundreds of dollars.
Here are some of the better ones:
Citi Priority Account – $300, $700, or $1,500
Citi is offering $300, $700, or $1,500 bonus when you open an account by 10/4/2021. Then, within 20 days of opening your account, deposit at least $15,000 in New-to-Citi funds and keep it there for 60 days. The bonus amount is based on how much you can transfer but the lowest tier starts at $15,000.
Chase Total Checking® – $225
Chase Bank will give you $225 when you open a Total Checking account and set up and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
HSBC Premier Checking – $600
HSBC has an offer where you can get up to $600 with a 3% cash bonus checking offer on qualifying direct deposits each month for the first six months of opening. It’s one of the more interesting deposit bonuses as it doesn’t rely on your account balance being a certain size. Click here to learn more about this offer.
Huntington Bank – up to $500
If you are a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.