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Answer by John K for Is this $200 "welcome money" (from a major bank) some...

It's not too good to be true. Plenty of people have a side-hobby where they get all these free bonuses. Between checking and credit card sign on bonuses I've earned ~$2500 this year. Most of the major...

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Answer by user117529 for Is this $200 "welcome money" (from a major bank)...

In HSBC's case, they may be trying extra hard to reacquire banking clients after receiving poor publicity over some unusually bad conduct involving money laundering. I suspect this is the kind of thing...

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Answer by Sam for Is this $200 "welcome money" (from a major bank) some sort...

In addition to the customer acquisition cost, there is one more thing I'm surprised not that many people have mentioned.Let's take Chase and HSBC's offers as an example. I think they offer somewhere...

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Answer by TTT for Is this $200 "welcome money" (from a major bank) some sort...

I too have seen $500 cash offers to sign up for a checking account. The interesting thing is that checking account offers are oftentimes higher than credit card offers, even though it's the credit card...

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Answer by quid for Is this $200 "welcome money" (from a major bank) some sort...

I've gotten a number of these new account bonuses over the years, there's no catch. BUT I will say, though this might be obvious, I have received a 1099 every time no matter the dollar value. Be...

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Answer by Bob Baerker for Is this $200 "welcome money" (from a major bank)...

It's very common for banks in the US do this because believe it or not, the bonus dollars given away are less than the cost of customer acquisition.I did one of these last year at Chase Bank which...

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Answer by Pete B. for Is this $200 "welcome money" (from a major bank) some...

Banks in the US frequently offer these kinds of promotions, and this particular one is not out of line with similar offers. Chase frequently does $300 for a new checking account. As usual some...

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Is this $200 "welcome money" (from a major bank) some sort of scam?

I googled around (this in the US) about "bank accounts you can open online",I noticed:https://www.us.hsbc.com/checking-accounts/campaigns/offer-2018/#advance-checking-detailsNotice they will...

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