Two $500+ Bank Account Bonuses From Citizens & Fifth Third Bank

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Bank Account bonuses

Two $500+ Bank Account Bonuses From Citizens & Fifth Third Bank

I recently stumbled across two pretty lucrative bank account bonuses.  Well I should say one was mailed to me and I got the other one in my weekly coupon package from Valpak. Let’s take a look at the offers.

Bank Account bonuses

Citizens Bank

This bonus was sent to my wife via regular mail.  We have had Citizens Bank accounts in the past for their nice new member bonuses so I am not sure if this is an attempt to get us back or just random. But I did some searching and it looks like it is publicly available too.

Here are the details:
  • Get $300 when you open a new One Deposit Checking from Citizens Bank or Citizens Bank Platinum Checking and make a direct deposit of $500 or more within 60 days.
  • Earn an additional $200 bonus when you add a savings account with a minimum of $15,000 not currently on deposit with Citizens Bank and maintain that balance for 3 months.
  • Get $100 more if you do both for a total of $600.
  • One Deposit Checking has a $9.99 fee which is waived with any deposit each month.
  • Has to have been 6 months since you had a Citizens Bank checking or savings account.
  • Offer ends 12/26/19

Link to Offer

Here is a chart showing when the bonuses should be paid.

Bank Account bonuses Chart

Fifth Third Bank

The second offer I found in my weekly Valpak coupon pack that is sent to my house every week.  So check your coupon packs if you get those or maybe pick up a moving into the neighborhood packet from your local USPS.  They don’t ask for any type of proof for this by the way and sometimes there are goodies in there.

Here are the details of my offer:
  • Get $250 when opening a Fifth Third checking account and depositing $250+ within 45 days.  You have to maintain a $250 balance for 60 days.
  • Get another $300 when you deposit $20,000 into a savings account.  Must maintain that balance for 90 days.

There is also a public offer that is just for $50 less overall. The terms are the same but the savings bonus is only for $250 instead of $300.

Link to Public Offer

Final Thoughts

I know both of these banks are very large regional banks.  Each one is in around 10 states and hopefully you fall into one of the states for either offer (or both).  If you do they are pretty lucrative offers.  They compare with the Chase $600 public bonus offers although some are being targeted for $900 offers.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

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Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. Hi Mark, I read the $9.99 deposit waiving criteria as any deposit as opposed to direct deposit. Correct me if wrong: “One Deposit Checking: Just one deposit of any amount each statement period waives the monthly maintenance fee on a One Deposit Checking account from Citizens Bank.”

  2. I did the 5/3rd offer in Michigan (the ValPak offer) and it worked great, plus, they had an additional offer running that if you put $25k into savings instead of $20k they would pay 2% on the savings account until 1/31/20 (I opened the accounts 8/31/19).

  3. Thanks for this – I should be able to grab the Citizens Bank offer.
    For the direct deposit, what are my options. I don’t work in the states right now but have SSN and address etc to use.
    I have a US account, can I make a direct deposit from my TD Bank account to the new Citizen account?


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