Check out the latest Banner Bank promotions, bonuses, and offers here.
They are currently offering a $200, $500, $600 bonus when you open a new checking account and meet the requirements.
Update 3/25/24:
- There is now a up to $600 business bonus when opening a qualifying business checking account + business savings or business money market account valid through 12/31/24.
- The $500 checking & savings offer has been extended through 12/31/24 with a new link. The full bonus requires a $25k minimum balance within 30 days and hold for 90 days. After the bonus, it’s definitely worth it and you’ll be yielding more than the average 5% APY interest bearing account.
Banner Bank Promotions Review
More than 130 years ago, they started with core values that will never go out of style: listen, learn and help people and businesses reach their goals. Furthermore, Banner Bank is a dynamic full-service financial institution, operating safely and profitably within a framework of shared integrity.
I’ll go over Banner Bank offers below.
Banner Bank $200 or $500 Checking & Savings Bonus
- What you’ll get: $200 or $500 bonus
- Availability: CA, ID, OR, WA (Branch Locator)
- Direct Deposit Requirement: Optional
- Credit Inquiry: Soft Pull
- Monthly Fees: None
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- To receive the $400 checking bonus:
- 1) Open any new Banner Bank personal checking account; AND
- 2a) Complete at least $1,000 of direct deposits into that account; AND
- 2b) Have a minimum daily balance of $25,000 or more within 30 days of account opening and maintain for 90 days.
- To receive the $100 checking bonus:
- 1) Open any new Banner Bank personal checking account; AND
- 2a) Complete at least $1,000 of direct deposits into that account; OR
- 2b) Have a minimum daily balance of $1,000 or more within 30 days of account opening and maintain for 90 days.
- To receive the $100 savings bonus (in addition to the checking offers above:
- 1) Open a Banner Bank personal savings or money market account when the checking account is opened; AND
- 2) Deposit a total of $1,000 or more in new money (not held at Banner Bank) within 30 days of account opening; AND
- 3) Maintain a minimum daily balance of $1,000 or more for 90 days; AND
- 4) Set up monthly recurring auto transfers of $25 or more from your Banner Bank checking account to your Banner Bank savings or money market account.
- After you have met the above requirements and the account has been open for 90 days, we’ll deposit the bonus into your new account within 30 days.
- To receive the $400 checking bonus:
(Expires 12/31/2024)
Editor’s Note: Here’s an alternative link to the offer.
| Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
| SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
Fine Print
- To receive the personal offer, you must open your account online at bannerbank.com or at a Banner Bank branch and use the promo code at account opening that was provided to you by Banner Bank. Offer is not available to those whose accounts have been closed within the last 2 years. You may only receive one new account opening-related bonus every two years on a consumer checking account and one new account opening-related bonus every two years on a consumer savings or money market account. Offer is subject to change without notice and may not be combined with any other offer. Must meet standard account opening requirements. Offer available to residents of OR, WA, CA or ID only.
- To receive the $400 checking bonus: 1) Open any new Banner Bank personal checking account; AND 2a) Complete at least $1,000 of direct deposits into that account; AND 2b) Have a minimum daily balance of $25,000 or more within 30 days of account opening and maintain for 90 days.
- To receive the $100 checking bonus: 1) Open any new Banner Bank personal checking account; AND 2a) Complete at least $1,000 of direct deposits into that account; OR 2b) Have a minimum daily balance of $1,000 or more within 30 days of account opening and maintain for 90 days.
- Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments or mobile check deposits are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. Deposits are subject to verification and are not available for immediate withdrawal.
- To receive the $100 savings bonus (in addition to the checking offers above: 1) Open a Banner Bank personal savings or money market account when the checking account is opened; AND 2) Deposit a total of $1,000 or more in new money (not held at Banner Bank) within 30 days of account opening; AND 3) Maintain a minimum daily balance of $1,000 or more for 90 days; AND 4) Set up monthly recurring auto transfers of $25 or more from your Banner Bank checking account to your Banner Bank savings or money market account.
- After you have met the above requirements and the account has been open for 90 days, we’ll deposit the bonus into your new account within 30 days. Banner Bank will monitor the balances maintained in your account during the qualification period to determine bonus amount paid, if applicable. Account must be in an open status and in good standing at the time of payout.
- Minimum opening balance of $25 for Connected Savings and Banner’s Digital Account; $50 for Connected Checking, Rewards Checking and Banner’s Best Checking; $100 for Money Market Savings and Banner’s Best Savings; $25,000 for High Yield Savings and must be new money to Banner Bank.
- Fees: Service fees may apply based on the account(s) you select. For a schedule of fees and deposit account agreements, please visit our terms and tips page.
- IRS Form 1099-INT or 1042-S: Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Please consult your tax advisers concerning the reporting to Internal Revenue Service of bonus payments as interest on accounts. Offer expires 12/31/2024.
Banner Bank $600 Business Checking & Savings Bonus
- What you’ll get: Up to $600 Bonus
- Availability: CA, ID, OR, WA (Branch Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- Monthly Fees: $0-$75; waivable
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- Open a new business checking and savings account and get up to $600
- New or existing business clients with no deposit accounts can earn up to $600 to open a new business checking and savings account with offer code: 24BU.
- Earn $100 when you open a new business savings or money market account at the same time as a checking account and deposit $1,000.
- Checking Option 1: Earn $500 when you open a new business checking account and deposit $25,000.
- Checking Option 2: Earn $200 when you open a new business checking account and deposit $2,000.
- Open a new business checking, savings or money market account and get up to $500+
- Current deposit clients can earn up to $500 to open a new business checking or savings account with offer code: 24SN.
- Checking or Savings Option 1: Earn $500 when you open a new business checking, savings or money market account and deposit $25,000.
- Checking or Savings Option 2: Earn $200 when you open a new business checking, savings or money market account and deposit $2,000.
(Expires 12/31/2024)
| Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
| SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
Fine Print
- To receive the offer, you must open your account online at bannerbank.com or at a Banner Bank branch and use the promo code at account opening that was provided to you by Banner Bank. Banner Bank is not responsible for, and will not honor, promotional offers that appear on non-Banner Bank websites or that are not authorized by Banner Bank. Standard account opening requirements apply. You may only receive one new account opening-related bonus per business entity with a unique tax ID on a business checking account every two years and one new account opening-related bonus per business entity with a unique tax ID on a business savings or money market account every two years. Offer not available for local, state or Federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. Offer is available to businesses with addresses in OR, WA, CA or ID only. Offer is subject to change without notice and may not be combined with any other offer.
- Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.
- Fees: Service fees may apply based on the account(s) you select. For a schedule of fees and deposit account agreements, please visit our terms and tips page.
- IRS Form 1099-INT or 1042-S: Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Please consult your tax advisers concerning the reporting to Internal Revenue Service of bonus payments as interest on accounts. Offer expires 12/31/2024.
How to Avoid Monthly Fees
- Connected Checking: $4 monthly fee, waived if maintained minimum daily balance of $500 or $500 or more in direct deposits per monthly statement or account holder is aged 24 or younger
- Rewards Checking: $6 monthly fee
- Banner’s Best Checking: $12 monthly fee, waived if maintained minimum daily balance of $5,000 or Average daily balance of $10,000 or Average daily combined checking/savings relationship deposit balance of $25,000
- Connected Savings: $3 monthly fee, waived if $100 minimum daily balance, or primary account owner is under 25 years of age, or set up automatic monthly transfer of at least $25 from your Banner Bank checking account
- Money Market Savings: $10 monthly fee, waived if maintained $1,000 minimum daily balance
- Banner’s Best Savings: $10 monthly fee, waived if maintained $5,000 minimum daily balance
- Basic Business Checking: None
- Complete Business Checking: $4 monthly fee, waived if $5,000 minimum daily balance or Average $20,000 daily checking/savings relationship deposit balance
- Complete Plus Business Checking: $75 monthly fee, waived if maintained $75,000 minimum daily balance
- Business Savings: $5 monthly fee, waived if maintained $500 minimum daily balance
- Business Money Market: $10 monthly fee, waived if $2,500 minimum daily balance
- Banner’s Best Business Savings: $10 monthly fee, waived if $5,000 minimum daily balance
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Author’s Verdict
If you live in one of the eligible states, be sure to check out this promotion for an easy way to earn some extra cash. However, be sure to find out if it triggers a hard or soft pull first and let us know in the comments below.
For more current offers, check out our bank bonuses page. Compare Banner Bank rates for CDs and Savings with our best rates for Savings and CD accounts.
Be sure to check more popular bank promotions include Chase Bank, Bank of America, Citi, Discover Bank, CIT Bank, TD Bank, Huntington Bank, HSBC Bank, Wells Fargo and many more.
