How to Add Free Money to Your Bank Account with These Simple Tips

Adding free money to your bank account is a great way to boost your savings and pay off debt. You can earn up to $1,000 per year with high-yield savings accounts.

You can also earn cash back on your purchases with rewards credit cards. Some cards offer up to 5% cash back on certain categories.

To get started, you'll need a bank account and a credit card. Some banks offer sign-up bonuses for new accounts, which can be worth up to $300.

Cash back and rewards programs can be a great way to earn free money, but be sure to pay off your balance in full each month to avoid interest charges.

You can earn money by signing up for bank account bonuses, which can be easily earned with direct deposits. Some bank account bonuses require you to leave the cash there for a set period to meet an average daily balance requirement, which can be up to six months.

To qualify for a bank account bonus, you'll typically need to meet one or more requirements over a set promotional period, usually two or three months. This can include meeting a minimum dollar amount for direct deposits, making a specified number of purchases with your debit card, or depositing a certain amount of money and leaving it there for a set period.

Some banks consistently offer bonuses for signing up for an account, including Chase, Wells Fargo, PNC Bank, SoFi, and TD Bank. You can check their current offerings to see what their latest promos are.

You can also earn money by signing up for free money offers, such as sign-up bonuses for new customers, which can range from free products to significant discounts on services.

Here are some popular options for earning free money:

These services offer a range of rewards, from cash to stock, and can be a quick and easy way to earn some extra money.

If you're serious about scoring bank account bonuses, it's essential to go all in on hunting them down.

To maximize your chances of landing these bonuses, keep the following tips in mind.

First, be ready to open multiple bank accounts to take advantage of various offers. This strategy can help you earn more free money.

Don't be discouraged if you're not a fan of paperwork; many banks now offer online applications that make the process a breeze.

You don't have to worry about being permanently banned from getting bank bonuses just because you've already gotten one. Just because you've gotten a bonus once from a bank doesn't mean you're out of luck.

Banks sometimes require you to wait a few months before you can cash in on the same bonus again. PNC Bank, for example, allows you to take advantage of their $400 reward again if you close your account and wait 24 months after your last reward.

You can earn additional rewards from the same bank if you close your account and meet the eligibility requirements. If you closed your PNC account and waited 24 months, you could take advantage of their new Virtual Wallet account reward.

It's a long game, but keeping track of rewards and stipulations can make earning bank account bonuses a routine part of your finances.

Bank account bonuses can be a great way to earn some extra cash, but it's essential to be strategic about how you approach them.

Read the fine print before applying for an account, as most bonuses come with lengthy terms and conditions that can limit your earnings.

Some banks may even run a hard inquiry on your credit report, which can temporarily drop your credit score. Take a screenshot of the terms and conditions to keep track of the requirements.

You don't have to worry if you've already gotten a bonus from a bank - you can usually wait a few months before cashing in on the same bonus again.

Consider keeping track of what rewards you earn and the stipulations for earning additional rewards, so you can make earning bank account bonuses a routine part of your finances.

You can use a spreadsheet to keep track of your bank accounts, especially if you're opening multiple accounts to earn bonuses.

A spreadsheet can help ensure you do everything necessary to earn each bonus and avoid fees that can eat into the value you earn.

Here's what you should include in your spreadsheet: bank name, bonus amount, requirements, date opened, bonus earned date, bonus received date, monthly fee, early termination penalty, and date eligible for new reward.

You can use a template, like the one mentioned in the article, to make it easier to get started.

Referral programs can be a great way to earn some extra cash, and one example is Monzo's referral program, where you receive £5 for each friend that signs up for a bank account with your referral code.

Just share your referral link with friends and family members who could benefit from a particular product or service, and you'll get rewarded. For instance, Monzo often runs a referral program with a £5 bonus for each referral.

If you're looking to refer friends to a bank account, you might be interested in Chase, Wells Fargo, PNC Bank, SoFi, or TD Bank, as they're known for consistently offering some kind of bonus for signing up for an account.

Some referral programs offer more significant rewards, while others may give you a few pounds. You can check the current offerings at these institutions to see what their latest promos are.

Here are some banks known for offering referral bonuses:

If you're looking to add some free money to your bank account, there are several specific offers you can take advantage of. You can get a $5 instant bonus and a $50 direct deposit bonus with MoneyLion, which is a financial services app that offers banking, investing, and loans.

To get the MoneyLion bonus, you need to sign up for the app through a referral link and enter a promo code, which is "thewaystowealth". You'll also need to sign up for direct deposit to get the additional $50 bonus.

Another app that offers a bonus is Acorns, which is a micro-investing app that makes it easy to start investing with spare change roundups and recurring investments. If you sign up for Acorns through a promotional link, you'll get a $20 bonus after 30 days of maintaining a recurring investment of at least $5.

If you're interested in investing in stocks, you can get up to 75 free stocks worth between $3 and $3,000 each with Webull, which is a commission-free trading platform. To qualify for this offer, you need to make a deposit of at least $0.01 and maintain an average account balance for 60 days.

You can also earn a free share of stock valued between $5 and $200 with Robinhood, which is a popular brokerage app. This offer is available to new users who link a bank account and doesn't require any deposit or transaction.

Here are some specific offers that you can take advantage of:

Survey Junkie is another app that offers a bonus, which is $5 in points after completing your first five surveys. You can earn instant withdrawals and cash out to PayPal when you accumulate $5 in earnings.

Lastly, Stash is a beginner-friendly investment app that offers a $20 cash bonus when you link an external bank account, add at least $0.01 to your Stash Banking account or Stash Personal portfolio, and maintain your paid subscription until the bonus is received.