There are advertisements all over in the newspapers, online and on flyers that tell you about how you can get free money from banks. Some people assume that these ads are scams, but actually there are a lot of banks that will offer a special checking account promotion to new customers. Most of the time these promotions involve getting cash back or a special money bonus from the bank but there are some things to remember if you really want to benefit from these promotions.
First, make sure that you read all the rules and guidelines that come with the promotion as well as with the actual checking account. This will let you know exactly what you need to do to get your free money and it usually involves more than just simply opening the new account. Most of the time the bank will require the customer to perform a specific number of transactions in the first month or they will require a minimum balance for the first two months. If you don’t perform these required activities you will not get your money from the bank.
Next make sure that you take a close look at the checking account related to a Checking Account Promotion. If you are going to be charged a monthly fee of $20 a month and you are only getting $100 for opening a new account, this account may not be worth your time and effort. Also keep in mind that almost every bank is going to require a minimum deposit to open the account as well. There are very few banks that offer checking accounts with no deposit so make sure you have the money for the deposit as well.
Checking account promotions can be a great way to make some extra money, but you need to make sure you pay attention to the things above or you may find yourself out of money rather than making money.