Huntington Bank currently has the best bank bonus around, offering $400 for opening a new Perks Checking account by Oct. 7, 2024 and meeting certain requirements. To be eligible, you must live in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, or Wisconsin.

Among the many things to consider when opening a new bank account, accessibility and fee schedules are pretty high on the list. Still, a promotional offer can sweete🍌n the pot. Here’s what you need to know to claim this excellent𝔍 bonus.

How to Get the $400 Bonus at Huntington Bank

To be eligible for this bonus, you must live in one of 10 states: Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, or Wisconsin. You also need to be a new Hun🧸tington Bank personal checking customer. You are not💎 eligible if you closed a Huntington personal checking account within the last six months.

澳洲幸运5官方开奖结果体彩网: If you are eligible, here’s 🅷what you need to do:

• Open a new by Oct. 7, 2024: You can open an account online through the link provided here. If you prefer to open it in person at a branch location, you can use that link to request a promotional code by email; bring that code with you to the bank to activate the bonus offer.
• Receive a qualifying direct deposit within 90 days: Any ACH direct deposit, such as payroll or Social Security payments, will suffice. Deposits through real-time payment or peer-to-peer networks such as Zelle, Paypal, and Venmo are ineligible. Transfers from other Huntington deposit accounts are not eligible.
• Keep the account open for at least 90 days: This is the minimum time required for a new account to meet eligibility requirements. 
• Wait for your cash bonus: Once Huntington confirms that you have met all the requirements, you can expect to receive your $400 bonus within 14 days as a deposit into your new checking account.

Is $400 a Good Return on Investment?

Bank bonuses are used to attract new customers, but if the terms are right they can also be lucrative opportunities. This promoti🀅on stands above the crowd in a few different ways.

Among checking account bonuses we track, the median bonus is $300. Huntington’s $400 offer outperforms that by over 30%. And unlike most other bank promotions, this offer has no minimum deposit requirement—any direct deposit will do, making it quite easy to qualify.

That also means you have the potential for a significant return. You could receive as little as $50 in direct deposits and earn $400 in less than four months. That’d give you a fantastic 800% return on your deposit (again, much better than the median of 40% among similar bonuses we track). In contrast, that same $50 deposited into a certificate of deposit (CD) or 澳洲幸运5官方开奖结果体彩网:high-yield savings account with a 5.00% APY would take a full year just to earn ﷺ$2.50.

But keep in mind that this bonus is a one-time payment that will take a bit of legwork and financial shuffling to obtain. CDs and high-yield savings accounts may not provide such ܫhigh and fast returns, but they’re more like “set it and forget it” accounts that offer continuous earnings without the trouble of switching your checking account and direct deposit details. This makes them convenient long-term strategies to grow your money.

Keeping track of a new checking account and its bonus requirement😼s takes some patience and paperwork, but if you can stay organized and have some time to spare, a bank bonus offer may be a great opportunity—especially if you’re already shopping for a new account.

How We Track Bank Account Bonuses

Every business day, Investopedia tracks 24 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.