In this post we will look at bank account bonuses that are churnable (can be completed more than once). I’ve split the list into nationwide bonuses and state specific bonuses, this is by no means a comprehensive list, but I’ll add to it as I see new opportunities arise. In addition we will list the official churnable rules and also if they are churnable more often than what is listed.
Please make sure you always check the fine print of each offer, as they sometimes vary offer to offer. It’s always clearly spelled out in the fine print what the rules are.
Contents
- 1 Nationwide
- 2 State Specific
- 2.1 Atlantic Union Bank – VA, MD, NC
- 2.2 Bank & Trust
- 2.3 BMO Harris – AZ, FL, IL, IN, KS, MO, MN and WI
- 2.4 Citizens Bank – MI & OH, CT, DE, MA, NH, NJ, NY, PA, RI, D.C., and VT
- 2.5 Fifth Third – FL, GA, IL, IN, KY, MI, NC, OH, TN, WV
- 2.6 Investors Bank – NJ & NY
- 2.7 M&T Bank – CT, DC, DE, MD, NJ, NY, PA, VA, WV
- 2.8 Regions Bank – AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN & TX
- 2.9 Santander NH, MA, RI, CT, DE, NY, NJ, PA, or FL
- 2.10 TD Bank – CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
- 2.11 Truist – AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC
- 2.12 VantageWest – AZ Only
- 2.13 WinTrust
- 3 Non Churnable Accounts
Nationwide
Bank of America
Can’t have had an account within the last six months:
- This offer is intended for new checking customers only; you are not eligible for this offer if you were a signer on or owner of a Bank of America personal checking account within the last six (6) months.
Chase
The official rule is that you can “You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account.” Previously this was once every calendar year, it looks like the new rule is not back dated, for more information on that read this post here.
Fairwinds Credit Union
Terms state:
The referred individual may not have previously been an owner on or a party to a FAIRWINDS account
This is enforced:
- Cannot churn: 1,
PNC
Can’t have received a bonus in the last 24 months, or been an account holder in the last 90 days
- New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 24 months.
SoFi
Not churnable.
U.S. Bank
Can’t have received a bonus from U.S. Bank in the last 12 months:
- Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last six months, or received other U.S. Bank bonus offers within the past 24 months (limit 1 bonus per customer).
Wells Fargo
Wings Financial Credit Union
- Not churnable: 1,
State Specific
Atlantic Union Bank – VA, MD, NC
Churnable according to this comment.
Bank & Trust
This bank have terms that say bonus is not available to “customers or those who had accounts open on or before <specific date that changes>”. According to this comment that is not enforced.
BMO Harris – AZ, FL, IL, IN, KS, MO, MN and WI
Can’t be an existing account holder or have closed an account within the past 12 months. Fine print reads:
- Offer is not available to existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months.
Citizens Bank – MI & OH, CT, DE, MA, NH, NJ, NY, PA, RI, D.C., and VT
These accounts are churnable, the fine print says the following:
- Primary signer on the new checking account may not be or have been a primary or secondary signer on any personal checking account within the previous six months
Fifth Third – FL, GA, IL, IN, KY, MI, NC, OH, TN, WV
Account needs to have been closed for more than 12 months before the bonus can be done again
- Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking or Express Banking account that has been closed within the last 12 months.
Investors Bank – NJ & NY
Is churnable according to this datapoint.
M&T Bank – CT, DC, DE, MD, NJ, NY, PA, VA, WV
This account used to be highly churnable, but that is no longer the case. Now you can’t receive the bonus if you’ve had an account open in the past 12 months:
- Cash bonus offers are not available to employees of M&T Bank or any of its affiliates or to customers who have already received a bonus in connection with an M&T personal checking account within the preceding twelve-month period.
Regions Bank – AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN & TX
Can’t have had an account within a specific time, for example in a recent offer it stated:
- does not apply if you have or had an ownership interest in a Regions checking account on or after January 2, 2018
Usually it’s one year before the promotion started, e.g the above promotion started on January 2nd, 2019.
Santander NH, MA, RI, CT, DE, NY, NJ, PA, or FL
Terms state:
Offer is not available if any account owner is a current checking customer of Santander or had a Santander checking account in the last 12 months prior to account opening.
TD Bank – CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
Says you can’t be an existing or previous account holder but one reader was able to get two bonuses two years apart.
Truist – AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC
Terms clearly state the exclusion periods, for example:
VantageWest – AZ Only
The official terms state:
- Promotion offered only for new checking accounts and credit cards and does not apply to increases, conversions or re-opening of a closed account or credit card. Certain restrictions may apply.
According to this comment this is not enforced.
WinTrust
Non Churnable Accounts
Monifi is in the list of churnable banks, but it doesn’t exist anymore and should be removed.
Same with PNC…current offer says can’t have owned an account in the last 12 months (vs. the 90 days noted above).
The 24 months since getting a bonus is still in the terms though.
Bank of America data MAY be old. Their current bonus states you can’t have had a checking account with them in the last 12 months (vs. the 6 months noted above).
Midland States Bank is churnable. My P2 and I both earned the bonus in 2021 & 2023.
Per the most recent Truth-In-Savings Addendum: “You can open only one new checking account-related incentive every two years from the last enrollment date and only one incentive per account.”
Sofi not churnable? Anyone has latest DP?
Supposedly the SoFi bonus is not churnable in 2024. However, supposedly…. If you sign up through portals like Swagbucks, MyPoints etc…. it is churnable for that portal bonus. YMMV
No
Do referrals often stack with these bank account bonuses?
Some do and some don’t. It all depends on the terms of the offers. The best chance for stacking opportunities is when the bank uses ReferLive for the referral offer.
I’ve churned the following in WI:
Town Bank/Wintrust (already listed)
BMO Harris (already listed)
Associated Bank (2020, 2023)
Wisconsin Bank and Trust (2021, 2023)
CIBM (2021, 2022, 2023)
Old National Bank (2023, 2024)
Elements?
Not churnable
hi! Is this section pretty out of date?
Sort of. It doesn’t get much love or people commenting. Most offers are churnable.
NWFCU, Discover, and TD Bank typically are not.
Regions Bank requires a 5 year gap between accounts.
Not sure where you saw or heard this, but prior offers I’ve seen specify a date since last account.
ie “This offer is nontransferable, may not be combined with any other offer, and does not apply if you have or had an ownership interest in a personal Regions checking account on or after September 1, 2022…”
So, I typically churn Regions about every other year, depending on my trip dates since I am not local & OOS. (so I have to wait for a trip & go in branch)
Had no issues churning Regions.