Best Bank Account BonusesMay 2024
Historical data for May 2024
This is our archived data for bank bonuses that were available in May 2024.
Disclosure: Some links are affiliate links. Rankings are based on bonus amount and ease, not compensation.
$500
Highest Bonus
$383
Average Bonus
6
Active Offers
0
No DD Required
Top 15 Bank Bonuses — May 2024
| # | Bank | Bonus | Net Value* | Ease | Direct Deposit | Monthly Fee | Action |
|---|---|---|---|---|---|---|---|
| 1 | Wintrust Total Access Checking | $500 | ~$375 | Easy | $500/mo | $0 | View Details → |
| 2 | Chase Total Checking | $400 | ~$300 | Easy | Required | $15 (waivable) | View Details → |
| 3 | WECU Spend Plus Rewards Checking | $400 | ~$300 | Easy | $1,000/mo | $5 (waivable) | View Details → |
| 4 | BMO Smart Money Checking / Smart Advantage Checking / Relationship Checking | $400 | ~$300 | Easy | Required | $5 (waivable) | View Details → |
| 5 | Seacoast Bank Checking Account | $300 | ~$225 | Easy | $500/mo | $0 | View Details → |
| 6 | PSECU New Member Account | $300 | ~$225 | Easy | $500/mo | $0 | View Details → |
*Net Value is estimated after 25% taxes and 6 months of potential fees. Use our calculator for personalized estimates.
Easiest Bonuses to Earn — May 2024
These bonuses have the simplest requirements and highest ease scores.
💡 May 2024 Insights
Market Summary
In May 2024, there are 6 bank bonuses available with an average value of $383. The highest bonus is $500, and 0 offers don't require direct deposit.
Best Strategy
Focus on bonuses that match your banking behavior. If you have regular income, target higher-value bonuses requiring direct deposit. Otherwise, start with no-DD offers to build experience.
Browse Other Months
Frequently Asked Questions — May 2024
What is the best bank bonus in May 2024?
The highest bank bonus in May 2024 is $500 from Wintrust. For easier bonuses, check PSECU.
How many bank bonuses are available in May 2024?
There are currently 6 bank bonuses available in May 2024, with an average value of $383 and a maximum of $500.
What is the easiest bank bonus in May 2024?
PSECU offers one of the easiest bonuses at $300.
Are bank bonuses taxable?
Yes, bank bonuses are generally considered taxable income by the IRS. Banks typically issue a 1099-INT or 1099-MISC for bonuses over $600. We recommend consulting a tax professional for your specific situation.