You should receive a form from the bank and report the bonus amount to the IRS when you file taxes the following year. We recommend verifying with the source to confirm the most up to date information.And you should expect to pay taxes on your checking account bonus because it’s considered taxable interest. The rates, terms and fees presented are accurate at the time of publication, but these change often. The information regarding any product was independently collected and was not provided nor reviewed by the company or issuer. Opinions expressed in our articles are solely those of the writer.

The revenue these partnerships generate gives us the opportunity to pay our great team of writers for their work, as well as continue to improve the website and its content. We will always share our sincere opinions, and we are selective when choosing which companies to partner with. We do not sell specific rankings on any of our “best of” posts or take money in exchange for a positive review.Īt the end of the day, our readers come first and your trust is very important to us. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear), but does not influence our editorial integrity. This means that, at no additional cost to you, we may get paid when you click on a link. We make money from affiliate relationships with companies that we personally believe in. We are not financial advisors and we recommend you consult with a financial professional before making any serious financial decisions. As such, our advice may not apply directly to your individual situation. Of course, personal finance is personal so one person’s experience may differ from someone else’s, and estimates based on past performance do not guarantee future results. We work hard to share thorough research and our honest experience with products and brands. We want to help you make personal finance decisions with confidence by providing you with free interactive tools, helpful data points, and by publishing original and objective content.

This website is an independent, advertising-supported comparison service.

Online banking with sign up bonus