Amalgamated Bank Bonus: Up To $2,000 Checking Account Deposit Offer [Nationwide] – Ends 7/28/23

Earn up to a $2,000 bonus for opening a new online checking account and depositing new funds with this offer from Amalgamated Bank.

Established in 1923 in New York, Amalgamated Bank has a small footprint with just a little over 10 physical branches but they do offer nationwide availability with their online Checking and Savings accounts. Rates can often be much better than other traditional banks.

See the Posts History below for all offers from this institution.

Amalgamated Bank Offer Details

• What you’ll get: Up To $2000 bonus
• Where it’s available: Nationwide
• How to earn it: The bonus amount depends on the deposited amount within 20 days of account opening and maintaining the balance for 90 consecutive calendar days starting from the 21st day.
  • Depositing $30,000.00 to $74,999.00 earns a $500 bonus.
  • Depositing $75,000.00 to $199,999.00 earns a $1,000 bonus.
  • Depositing $200,000.00 to $299,999.00 earns a $1,500 bonus.
  • Depositing $300,000 or more earns a $2,000 bonus.
• When it expires: 7/28/2023

READ MORE: GET TOP BONUSES FROM CHASE, AXOS, AND CIT.

Waive The Monthly Fee

This account has no monthly fees to worry about.

Fine Print

• A new Online Checking or Affordable Checking customer is defined as a customer with no prior checking relationship with Amalgamated Bank within the last 90 calendar days. 
•  Account must be opened during May 30, 2023 – July 28, 2023. Offer may be discontinued or changed at any time prior to the expiration date without notice.
• The Online Checking account or Affordable Checking account must remain open and in good standing at the time we attempt to deposit the bonus payment.
• Please note that an account with a zero balance for more than 30 calendar days will result in your account being closed by us without prior notice, as further described in the Deposit Account Agreement. 
• New money is defined as deposits not previously held by Amalgamated Bank. 
• If your 20th day falls on a Non-Business Day we will count the first Business Day after your 20th Day. Amalgamated Bank business days are Monday through Friday, excluding holidays. 
• Your one time cash bonus is determined by the lowest account balance during the 90 calendar day period. Please understand if your Balance falls into a lower Balance Level for even one day during the 90 calendar days, your Bonus will change (see Promotional Rate Information section). For example, if your Balance on the 20th Day is $200,000, the maximum Bonus you could earn is $1,500, as long as the $200,000 balance was maintained for the 90 calendar days. If your starting balance was $200,000 on Day 21, and fell to $150,000 during the 90 calendar day period, then the Maximum Bonus you can earn changes to $1,000.
• Upon the Bank’s determination of meeting the requirements the cash bonus will be credited to your Amalgamated Bank Online Checking or Affordable Checking account within 45 days if your account is open and has a positive balance at the time of bonus payout.

READ MORE: TAKE A LOOK AT THIS DEAL GETTING USERS HUNDREDS IN BONUSES

Bottom Line

The bonus tiers seem enticing but you need a lot of funds to earn the maximum bonus and the money is tied up for 120 days.

See more:

• Best Socially Responsible & Ethical Banks January 2025
• Amalgamated Bank $150 – $300 Business Checking Bonus Offer – Ends 7/31/23
• Amalgamated Bank $250 Money Market Account Bonus & Earn 3.5% APY [Nationwide] – Ended
• Amalgamated Bank $250 Checking Account Bonus [Nationwide] – Ended

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.