Make your money work for you with SMART Checking Account Options - Learn and Earn Daily (2024)

Updated on: May 10, 2023

Here are some of the best checking accounts that pay you to bank!

You work hard to put money in your checking account, but how hard does your checking account work for you? Many banks are attracting new customers by offering bonuses when you open a new account. If you aren’t taking advantage of these, you’re probably leaving money on the table.

SoFi Hybrid Checking & Savings Account

SoFi is an online financial service that offers everything from mortgage lending to student loan refinancing to investment accounts and everything in between, including a hybrid checking & savings account. Its mission is to “help people reach financial independence to realize their ambitions” through innovative member services, and with over $22 billion in debt paid off by its members, SoFi must be doing something right. This online bank is currently offering new customer bonuses from $50-$300 for those who open an account and receive a direct deposit of $1000-$5000 within the first 30 days.

Going forward, you’ll enjoy having no account fees – that’s right, no fees for overdrafts, no minimum balance fees, and no monthly fees – while your money earns you 1.50% APY, which is fifty times the national average! You have the added perks of getting your direct deposit paychecks up to two days early, and getting up to 15% cash back at local businesses while using your SoFi debit card. SoFi’s mobile app makes remote banking seamless. Even without the new account bonus, this bank has a lot of perks for account holders.

Chime

Another exclusively online banking service, Chime claims to be built on the premise that “basic banking services should be helpful, easy, and free.” As such, they boast zero monthly, overdraft, or service fees with no minimum balance requirements, with a mission to bring everyone to financial security through effective money management. The Chime checking account debit card offers a convenient “round-up” feature, that automatically rounds up your debit card purchases to automatically put your “spare change” into a linked savings account, so you can save without thinking about it. Chime also supports mobile payment platforms such as Apple Pay and Google Pay.

If you’re a Swagbucks or MyPoints user, this checking account might have a little something extra for you. You can earn a bonus of 30,000 Swagbucks, valued at $300, when you sign up for a Chime checking account and get a direct deposit of at least $100 within 30 days. MyPoints users can earn about $120, or 18,000 points with the same direct deposit parameters. These exact rewards are subject to change.

Keep in mind that your bank account bonuses are quantified as income/interest and, as such, are subject to taxes. With Chime, you have access to over 60,000 fee-free ATMs and can also get direct deposits up to 2 days early.

Laurel Road Loyalty Checking Account

This online banking platform offers service and support to both healthcare and business professionals. They offer personal loans, student loan refinancing, mortgages, savings accounts, checking accounts, and more. While their main order of business seems to be in the realm of student loans, their checking account perks are worth taking a look at, especially if you’re a doctor or a nurse.

If you are a nurse, this checking account offer is exclusively for you, but you’ll need to jump on it before December 31st, 2022. What could be better than getting paid for getting paid? In addition to a $300 sign-on bonus, for the first twelve months, earn a $20 cash reward each month you receive a qualifying ACH direct deposit or a monthly total of $2500. After the first year, you’ll earn $10 per month with qualifying direct deposits, as long as your account is open.

Doctors can get access to lower medical school refinancing rates for opening a Laurel Road Linked Checking account, which can be as low as 1.37% APR. It might not be a cash deposit in your account each month, but it will probably be saving you just as much, if not more, in interest on your med school loans.

In addition to the ongoing cash rewards, you’ll have no monthly fees or minimum balance requirements, secure FDIC-insured banking, mobile check deposit, and more.

Chase Total Checking Account

Chase is a well-known banking institution known for serving almost half of all U.S. households. They are more the run-of-the-mill type of bank, offering savings accounts, checking accounts, and student banking from numerous locations nationwide in addition to online services.

They’re currently offering new customers $300 for opening a Chase Total Checking account and setting up direct deposit, but it doesn’t stop there. You can also get $200 for opening a savings account as a new customer and holding a balance of $15,000 for 90 days, or a total of $600 if you are opening both checking and savings accounts and meeting the qualifications. For many people, that’s 1-2 car payments! That kind of cash-back is nothing to sneeze at.

Fidelity Youth Checking Account

For people aged 13-17 years old who are beginning to learn about money management, the Fidelity Youth Checking Account could be a good fit. With over 40 million personal banking customers, Fidelity offers several services to help people of (almost) all ages learn to save, spend, and invest all in one place. They help you and your teenager gain access to great education in the realm of money management and are offering a limited time $50 cash bonus once a teen account is activated. Get the young person in your life started with their first checking account with no fees, secure parental monitoring features, and great financial education at their fingertips to set them up for money success for the rest of their lives.

First Tech Federal Credit Union

First Tech is a member-owned institution and they’re ready to help you take control of your financial future using its online and in-person banking solutions, no matter what stage of life you’re going through. You can visit one of the 40 locations, and until December 31st, 2022, you can earn up to $350 in sign-on bonuses for opening a new checking account. This comes in $200 with a qualifying direct deposit and an additional $150 for spending money on qualified items including groceries, food delivery, and online subscriptions.

Upgrade Rewards Checking

If you and a friend are both in the market for a new checking account, Upgrade could be the online banking service for you. With unlimited cash back on debit charges, you’ll be getting 2% of your money back on many day-to-day expenses such as gasoline, subscriptions like Netflix, restaurants, and utility bills, and 1% back on everything else. You’ll see no ATM fees, no account fees, no monthly or annual fees, and no overdraft fees and have access to much lower interest rates on new loans.

The referral bonus is when your buddy comes in – both the referrer and the referee earn $100 for successful referrals after completing just three debit card purchases in the first 60 days. That’s just easy money!

SkyOne Federal Credit Union Advantage Checking Account

At over 70 years old, SkyOne has long been in the business of helping people reach their financial goals. As a non-profit, they put their money where their mouth is when it comes to helping their members with everything from investment services to vehicle loans to checking accounts. Your money can earn dividends of up to 0.05% APY, while you have the option of early paycheck deposits and access to over 66,000 surcharge-free ATMs. SkyOne’s Direct Deposit Wizard makes setting up direct deposits a breeze.

Opening a SkyOne Advantage Checking account can earn you $100 after receiving three qualifying direct deposits in the first 90 days and have a minimum balance of $500. Hurry, this offer is only valid until August 31st, 2022.

Conclusion

There are so many checking account options to choose from, it’s just a matter of finding the right bank that works for you in the long term. Some are offering great bonuses relatively upfront when you open an account and meet an easy-to-reach requirement, while others offer great long-term cash back incentives. Banking isn’t one-size-fits-all, but there are certainly plenty of different rewards to choose from. Making a smart change today can set you up to build financial success for tomorrow.

Make your money work for you with SMART Checking Account Options - Learn and Earn Daily (2024)

FAQs

What do they mean when they say "make your money work for you"? ›

Things like effective budgeting, opening a high-yield bank account, paying off debt, establishing a passive income stream, and investing can help you make the most of your money. Everyone's financial situation is different, and what works for one person may not work for another.

How to make $10,000 a month in passive income? ›

Surya Prakash
  1. The Top 11 Ways to Earn $10,000 in Passive Income Each Month : Make Money Online. ...
  2. Dropshipping: The Gateway to E-Commerce. ...
  3. Using Endorsem*nts to Earn Through Affiliate Marketing. ...
  4. Etsy Print on Demand: Innovation Meets Business. ...
  5. Real estate crowdfunding. ...
  6. Creating and selling digital products.
Feb 10, 2024

What is the smart money rule? ›

15 Smart Money Management Rules to Live By
  • Whether it's the professional wisdom of a financial adviser or the good advice you got from your parents, there's always something new to learn about making better financial decisions. ...
  • Control your spending. ...
  • Cut down on debt. ...
  • Invest for the future. ...
  • Build your business.

Can you earn money with a checking account? ›

Choose a cash back account.

There are checking accounts that offer a cash-back percentage on all purchases that meet a required number of debit card swipes. This is money that can be earned by doing the things you are already doing: shopping for essentials or things you buy on a regular basis.

What does make money work for me mean? ›

Making your money work for you means taking advantage of the opportunities available for your money to grow and help you meet your financial goals. You can pay off your high-interest debt to have extra funds for things like starting a business, buying a home, or taking a vacation.

How do you make your money work for you? ›

Fund your future.
  1. Keep money in an account with the potential to earn higher interest or returns. ...
  2. Give money enough time in the market. ...
  3. Don't give in to volatility. ...
  4. Don't let taxes cut into profits. ...
  5. Intentionally set aside money for investing. ...
  6. Rebalance or diversify your portfolio.
May 20, 2024

How to make $1,000 a month passively? ›

Passive Income: 7 Ways To Make an Extra $1,000 a Month
  1. Buy US Treasuries. U.S. Treasuries are still paying attractive yields on short-term investments. ...
  2. Rent Out Your Yard. ...
  3. Rent Out Your Car. ...
  4. Rental Real Estate. ...
  5. Publish an E-Book. ...
  6. Become an Affiliate. ...
  7. Sell an Online Course. ...
  8. Bottom Line.
Apr 18, 2024

How to make $2,000 a month passive? ›

Ways to make $2,000 a month passive income
  1. Earn commissions with affiliate marketing. ...
  2. Teach people through an online course. ...
  3. Make passive income from ad networks like Google Adsense. ...
  4. Grow your social media following and do influencer marketing. ...
  5. Sell e-books on Amazon and other platforms.

What is the smart money concept for beginners? ›

The Smart Money Concept (SMC) is a trading strategy focused on understanding and leveraging the market movements initiated by institutional investors, such as banks and hedge funds. It posits that by identifying the trading behaviours of these major players, retail traders can make more informed decisions.

What is smart money dumb money? ›

The terms “smart money” and “dumb money” are used to describe different groups of market participants. Institutional investors and market insiders are labeled “smart money”, on the other hand, small retail traders and short-term speculators are labeled “dumb money”.

What is a smart money trap? ›

Such a price action will be called an inducement and a bullish trap. With that, smart money grab the liquidity both from the buyers and from the sellers. After that, with a high probability, the market will drop. Bullish violation of an all-time-high on Gold can easily be a bullish trap.

What bank gives you money just for opening an account? ›

Bank & accountBonus amountLearn more
U.S. Bank: Smartly Checking Account$500Read our review
Huntington National Bank: Perks Checking Account$400Read our review
Laurel Road: Rewards Checking$300View offer at Fiona
Truist: Truist One Checking$400Read our review
6 more rows

Which banks give money for switching? ›

Banks that will pay you up to switch
ProviderProductCashback Incentive to Switch Account
NatWestReward Silver*£200
Royal Bank of ScotlandReward Silver*£200
NatWestReward Platinum*£200
Royal Bank of ScotlandReward Platinum*£200
11 more rows

What is the best account to make money? ›

Money market accounts are another type of savings account where you can stash your cash to earn interest and grow over time. Money market accounts stand out from other savings vehicles like brick-and-mortar savings accounts, high-yield accounts and CDs for their checking account features.

What does make your money work for you not the other way around mean? ›

Invest your money

It is therefore important to realize that money is a tool that can help you achieve your goals. In order for you to reach true financial independence you need to have your money work for you and not you work for your money. Investing is the best way to grow your wealth.

What does God say about working for money? ›

Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless.” “But remember the LORD your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today.”

What is the difference between working for money and money working for you? ›

Working for money = trading time for money. It is active income. If you don't work you don't earn an income. Letting money work for you = passive income.

What is money for work done called? ›

A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as minimum wage, prevailing wage, and yearly bonuses, and remunerative payments such as prizes and tip payouts.

Top Articles
Closed Ended Funds - What is Closed Ended Mutual Funds? | Features & Tax on Gains
China's Very First Aircraft Carrier Was Built in Ukraine
Plaza Nails Clifton
Women's Beauty Parlour Near Me
Sunday World Northern Ireland
Does Publix Have Sephora Gift Cards
Zendaya Boob Job
Jack Daniels Pop Tarts
7 Low-Carb Foods That Fill You Up - Keto Tips
I Touch and Day Spa II
Interactive Maps: States where guns are sold online most
N2O4 Lewis Structure & Characteristics (13 Complete Facts)
Mail.zsthost Change Password
Haunted Mansion Showtimes Near Millstone 14
Pekin Soccer Tournament
U Arizona Phonebook
Missouri Highway Patrol Crash
Kashchey Vodka
Azur Lane High Efficiency Combat Logistics Plan
Greenville Sc Greyhound
Rogue Lineage Uber Titles
Fleet Farm Brainerd Mn Hours
Prep Spotlight Tv Mn
Craigslist Dubuque Iowa Pets
Truvy Back Office Login
Marlene2995 Pagina Azul
Jamielizzz Leaked
Meowiarty Puzzle
Amazing Lash Bay Colony
Davita Salary
Donald Trump Assassination Gold Coin JD Vance USA Flag President FIGHT CIA FBI • $11.73
Rund um die SIM-Karte | ALDI TALK
Magicseaweed Capitola
Honda Ruckus Fuse Box Diagram
How to Draw a Sailboat: 7 Steps (with Pictures) - wikiHow
Wal-Mart 2516 Directory
Ticket To Paradise Showtimes Near Marshall 6 Theatre
Frommer's Philadelphia & the Amish Country (2007) (Frommer's Complete) - PDF Free Download
2700 Yen To Usd
Kutty Movie Net
Mychart Mercy Health Paducah
Dr Mayy Deadrick Paradise Valley
Marcal Paper Products - Nassau Paper Company Ltd. -
Studentvue Calexico
Noga Funeral Home Obituaries
Devotion Showtimes Near Showplace Icon At Valley Fair
How to Find Mugshots: 11 Steps (with Pictures) - wikiHow
Myapps Tesla Ultipro Sign In
Mytmoclaim Tracking
Diesel Technician/Mechanic III - Entry Level - transportation - job employment - craigslist
Craigs List Sarasota
Morgan State University Receives $20.9 Million NIH/NIMHD Grant to Expand Groundbreaking Research on Urban Health Disparities
Latest Posts
Article information

Author: Jeremiah Abshire

Last Updated:

Views: 5729

Rating: 4.3 / 5 (54 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Jeremiah Abshire

Birthday: 1993-09-14

Address: Apt. 425 92748 Jannie Centers, Port Nikitaville, VT 82110

Phone: +8096210939894

Job: Lead Healthcare Manager

Hobby: Watching movies, Watching movies, Knapping, LARPing, Coffee roasting, Lacemaking, Gaming

Introduction: My name is Jeremiah Abshire, I am a outstanding, kind, clever, hilarious, curious, hilarious, outstanding person who loves writing and wants to share my knowledge and understanding with you.