It isn’t new to anyone that due to the recent state of the economy, banks and financial institutions have felt the pressure to get new customers.  They want and need all the business and customers they can get.  In order to get you to bank with them instead of another bank, they are willing to provide deals to make their bank worth your time and business.

Different Deals

Online banking has become to normal way to do banking these days.  You probably don’t get a real check from your work, the money is just deposited into your account.  People don’t use checks much anymore to pay for their purchases and if you do, they are usually ran as a debit anyway.  Because of online banking, you don’t have to live near your bank and you can have the option to choose whatever bank, across the nation, is the best bank for you to give your business to.  The best bank for you might be the one closest to you, or the one with the best website, or the one offering the best deals to new customers.  Many banks are providing different incentives to get your business and here are some of the deals currently being offered to new customers.

M&T Bank – New Checking Account Customers

For those of you looking to open a new checking account, M&T Bank is offering up to $200 cash for opening a new account with them.  M&T has three different checking accounts to choose from.  If you open the M&T MyChoice Checking with interest account you will receive a $100 cash bonus.  A $150 cash bonus comes by opening a M&T Select checking account and a $200 cash bonus comes from opening the Power checking account.  In order to get the cash bonus you have to sign up for their overdraft protection plan and online bill pay with the account you decide to open.  Other bonus’ could also come by enrolling in these two programs.

Chase Credit Card

Chase is offering $200 in bonus cash for signing up for their Chase Freedom credit card.  This is a credit card with no fees and offers 1% cash back on all purchases you make with this card.  You can also receive 5% cash back by using your card in the bonus categories that change quarterly.  In order to receive the $200 cash bonus you must be a new cardholder.  Plus, you must spend $500 in the first three months to get the $100 of the $200 bonus promised.  Then, in order to get the last half of the $200, you must spend $1,000 in the next three months.  So, basically you spend $1,500 to make $200.

ING Direct Checking Bonus

Currently ING is offering $50 for new Electric Orange checking account holders.  Their checking account doesn’t have any fees and is an online account.  In order to receive the bonus money, you have to open the account, activate your Electric Orange debit MasterCard, then within 45 days make at least three signature payments.  A signature payment is one you authorize with your signature, not your pin number.  If you complete these requirements within the allotted time period, on day 50 of being an account holder, $50 will be transferred into your checking account.

Know All the Information

These are just three out of many different bank deals currently being offered.  While it seems at a glance that you are getting free money, with each of these deals there are very specific requirements you must complete before you actually get the money they promised you.  Be sure to read all of the terms and conditions and make sure you can fulfill what they are asking before you sign up for the account.  If you are looking for a new account, the bank deals are a great way to make some money, but don’t just sign up for the account because you think you will be getting free money.  Banks give these deals to get you to open an account, but the terms to actually getting the money ensures that you actually provide them with the business they need.