Wouldn’t it be cool to get paid just to switch your banks?

Well now you can.

There are ways to get paid to switch your banks, and here, we’ll go over how you can do it, and what some of the best companies are that do it.


Why Get Paid to Switch Banks?

It’s simple really.

First, this company has paid $25+ million to members:

SurveyJunkie (only USA, Canada, Australia residents allowed). You can earn money sharing your thoughts. They have already paid $25+ million to their 20+ million members just for sharing their thoughts and opinions. Click here to join SurveyJunkie for FREE

If you get paid to switch banks, you may get a better financing option, and less fees and penalties.

Not only that, you also are getting money back just for becoming a customer.

It’s quite simple, and it can definitely offer you some great financial incentives.


8 Best Ways to Get Paid to Switch Banks


1. Opening Essential Checking Accounts

Essential checking is basically your average checking account, and you can actually get paid to open up a checking account in some cases.

There are plenty of banks that do this, but Fifth Third Bank is offering promotions of $250 for opening up a bank account.

You need to make sure your balance is $500 in about 45 days and maintain that, and you must be a brand new customer, and the deposits that are in there are done within 10 days of meeting this.


2. Being a New Customer

Some banks pay you to be a new customer as well.

This is an incentive to get people to switch their banks.

There are some that don’t come with big incentives, but some of them do have bigger conditions.

If you want to try this, you can look around.

Wells Fargo has this, and they also offer signup bonuses totaling $400 in some cases for these promotions.

However, you need to have deposits that total $4000 within 980 days of opening this.

They do have a very low minimum to start though, which is a nice incentive.


3. Making Direct Deposits

There are some that pay you just for making new deposits to this and making sure that you add money to this.

It can be hard, but if you do have a good job, and want to start feeding money in, you can get a cash incentive bonus in your account.

Citi Priority Account does have a $1500 bonus for doing this.

It does require you to have a high bonus, so if you don’t have a lot of income coming in, you might miss out on this.


4. Opening New Savings Accounts

If you need a savings account, you can definitely make some great money just from switching banks.

You simply need to open it up, and deposit certain amounts, and you do need to keep this balance for a certain period.

Chase Bank does offer this, but the minimums are pretty steep–$15,000.

But if you want to open up a nice little nest egg, this is how it’s done.


5. Referral Bonuses

If you refer someone and get them to switch, you can actually get paid to do that.

Banks do this, and if you are good at getting people to sign up and switch, you can make some good money.

Axios Bank does a promotion with this, and you get $20 for every referral.

While that’s not much, it does end up building up over time.


6. Switching With Bonuses to Charity

Do you want to help other people?

Well, if you switch, not only are you getting some money given to you, but you’re also getting some money as well for switching.

HSBC does offer a little bonus on top of the $150 just for switching, which is pretty cool.


7. Bonuses in Amazon Gift Cards

If you use amazon and would prefer to get paid in that, you’ll actually get some bonuses for this.

There are some companies that are paying you a switch bonus, and you can actually make some great money with this.

Santander does have a $130 bonus, and also a $20 amazon gift card voucher.

While it’s not much, for opening up a bank, that can be quite nice.


8. Incentives for Spending

Some banks pay you for switching and spending with them.

It may seem strange, but some companies would prefer if you spent some money with them, and there are banks that actually pay you just to spend.

Monese is one, and they can give you up to $15 just for spending, right after you open up an account, and they do incentivize you to spend some money too.


10 Best Banks That Pay You to Switch Banks

Now, there are other companies as well that’ll pay you to switch banks, and here, we’ll go over the best incentives, and also some good and bad points for each of these before you pull the plug and switch on over.


1. PNC Bank

This is a pretty popular bank, and when you work with them, you can get about $300 just for opening up with them.

They want you to open a virtual wallet, where you get $50 just for signing up, but with performance speed, you can get $300 with this as well if you get a performance select virtual wallet.

To do this, you do need to make high-number deposits, but you can definitely make some good extra cash with this.

Click here to check out PNC Bank


2. Huntington Bank

This is another one that’s offering a $150 bonus for the opening of a checking account.

It expires in 2022, but you don’t need to have a direct deposit, but just need to have $1000 for a minimum deposit within the next 60 or so days.

It’s pretty simple, and they aren’t very bad either for a bank to transfer out to.

Click here to check out Huntington Bank

Again, this company has paid $25+ million to members:

SurveyJunkie (only USA, Canada, Australia residents allowed). You can earn money sharing your thoughts. They have already paid $25+ million to their 20+ million members just for sharing their thoughts and opinions. Click here to join SurveyJunkie for FREE


3. Aliant Credit Union

This is a credit union, not a bank, but they also do pay you to switch from a bank to a credit union.

They offer a $100 bonus for this, and it doesn’t require you to have a direct deposit.

The minimums must be $1200 over the next 12 months, so it’s a lot less.

If you’re looking to get paid to switch over to a credit union, this is indeed how.

Click here to check out Alliant Credit Union



4. Capital One

They have a great $100 bonus on free checking, and it does require you to have direct deposit, abut the minimum is much less–$400 within 90 days or so.

It is a nice little bonus, and if you’ve thought about switching over to capital One, this is definitely an option for you to consider as well.

Click here to check out Capital One


5. TD Bank

They have a Beyond Checking account, where you get a cashback bonus.

You do need to make $2500 within 60 days in order to qualify, and you udo need to apply for this offer on their site rather than in person.

The maintenance fee is $25 dollars, but if you’re getting $5000 or more direct deposits every single month, and are able to keep the balance above $2500, they waive the fee.

It’s also only available to some states too, so do your research before you apply.

Click here to check out TD Bank


6. Aspiration

Aspiration has what’s called a Spend and Save account, and this lets you earn $200 in a qualifying bonus for doing this.

The requirements are that you need to fund the account up to $1000 or at least $10 a day or so, and usually, they do give it to you within 120 days or so.

You do need to pay a monthly or annual fee for this, but if you want to make some extra money back on different items that you normally purchase, they have a great cashback program.

Click here to check out Aspiration


7. Acorns

Do you want a checking account that lets you get ready for the future? Well, acorns has this

It’s kind of a banking system, and if you want to bank with Acorns, you get a bonus of $75 or more, depending upon what you’ do.

You need to make sure that you put at least 2 different deposits that are minimally $250 during the period of offering, and you need to make this the direct deposit choice that you want.

They then allow you to make some extra money, and you also get cash back if you’re looking to make some money back, a great offer.

Click here to check out Acorns


8. Nationwide

This banking service also offers some great benefits.

They do have a higher interest on minimal amounts of $1500, so you’ll be making more money back as well down the line if you choose to use this.

But when you switch to them, you do get a nice bonus of $125.

However, you need to be mindful of the requirements for this before you choose to switch over to this service.

But it is one to consider.

Click here to check out Nationwide


9. BMO Harris

This is a smart advantage checking account, and lets you get $200 in cash when you get $400 in a qualifying direct deposit within 90 days that it is opened up.

It was one for each customer, and it is not available to the current BMO Harris personal checking people, and those who previously closed it if they did so within the last 12 or so months.

It is only limited to some people in certain states too, so make sure to check online to see where it is qualifying.

Click here to check out BMO Harris


10. Bask Bank

Bask bank is another one that lets you earn not just cash back, but also airline points.

If you deposit a certain amount, you can get airline miles, and of course, different cashback offers.

If you want to make money and airline points to travel, this is one that you should most definitely consider and a great option if you’re looking to ensure that you get the most from your ability to truly handle all of the payments at hand.

Click here to check out Bask Bank


Getting Paid Money to Switch Banks FAQs


How Much Money Should I Have to Get Paid to Switch Banks?

Usually the minimum deposits aren’t much, but if you want to qualify for the bonuses, it will have to be the number mentioned.

It may be a couple thousand, or it may be a lot, depending on the type of bank that you decide to switch back to, and the bonuses offered.


What Are the Advantages of Getting Paid to Switch Banks?

You can of course, make some nice money just for doing something that is simple.

But, if you don’t like the current bank, you can take advantage of switching this.

It can be good if you’ve thought about doing this for a while, but you’re not able to do it for one reason or another.

It can be the incentive that you need to switch on over.

Check out the following for more tips on banks and banking to help you:


What Are the Drawbacks and Conditions to Switching Banks?

This can vary based on the type of situation that you’re in.

If you’re looking to get out of one bank due to the exorbitant fees that they have, you may end up with more fees if you switch to one.

There are also some conditions, since some of the companies do have maintenance fees, and it can be overwhelming if you’re not careful.

Plus, for those who don’t make a ton of money, it may not be a good idea to actually switch over, since you may not get the qualifying benefits for some, like with Citigold.

You should always do your research when you’re choosing this, since sometimes the offer isn’t available to existing or old customers, or maybe you aren’t able to use it because you don’t’ life in the states where the qualifying purchases are.



Getting paid to switch banks is something that probably isn’t’ expected, but it can be a great option if you’re curious about possibly saving some money.

There are tons of banks that offer a lot of promotional offers that pay you to switch to their bank, and provided you use their services, you can make some great money as a result of this.

Again, this company has paid $25+ million to members:

SurveyJunkie (only USA, Canada, Australia residents allowed). You can earn money sharing your thoughts. They have already paid $25+ million to their 20+ million members just for sharing their thoughts and opinions. Click here to join SurveyJunkie for FREE