Looking for bank bonuses that reward both checking and savings accounts? Banner Bank is offering new customers the chance to earn up to $1,000 when you open both checking and savings accounts—and here’s what makes it compelling: you can stack bonuses by opening multiple account types with reasonable requirements.
Here’s the truth: most banks offer bonuses for one account type, forcing you to choose between checking or savings rewards. But Banner Bank has created a system where you can maximize earnings by opening both account types and meeting their respective requirements.
The offer is only available in the bank’s footprint in OR, WA, CA and ID. Want the best bank bonuses available nationwide? Check out our top picks here—including huge offers from Chase, BMO, CIT Bank and Axos Bank that you won’t want to miss!
Banner Bank Account Bonus Overview
Maximum Bonus: Up to $1,000 (checking + savings combined)
Promo Code: 2026DP (required at account opening)
Service Areas: Oregon, Washington, California, and Idaho residents only
Offer Expires: March 31, 2026
Bonus Timeline: Paid within 30 days of meeting all requirements
Checking Account Bonus Options
Banner Bank offers two checking bonus tiers based on your direct deposit capacity:
$250 Checking Bonus:
- Open any new Banner Bank personal checking account
- Receive $2,500+ in direct deposits within 60 days
- Maintain $2,500+ balance for additional 90 days
$500 Checking Bonus:
- Open any new Banner Bank personal checking account
- Receive $5,000+ in direct deposits within 60 days
- Maintain $5,000+ balance for additional 90 days
Trending Checking Account Deal:
Savings Account Bonus Options
Two savings bonus tiers accommodate different deposit levels:
$250 Savings Bonus:
- Open any new Banner Bank personal savings or money market account
- Deposit $5,000+ in new money within 60 days
- Maintain $5,000+ balance for additional 90 days
$500 High Yield Relationship Savings Bonus:
- Open a new High Yield Relationship Savings account
- Deposit $25,000+ in new money within 60 days
- Maintain $25,000+ balance for additional 90 days
How to Maximize Your Bonus Earnings
The $1,000 Strategy:
Combine the highest tier of each account type:
- $500 checking bonus (with $5,000 direct deposits)
- $500 High Yield Relationship Savings bonus (with $25,000 deposit)
- Total earning potential: $1,000
The Moderate Strategy:
Balance requirements with earning potential:
- $250 checking bonus (with $2,500 direct deposits)
- $250 savings bonus (with $5,000 deposit)
- Total earning potential: $500
Trending Savings Account Deal:
Understanding “New Money” Requirements
Banner Bank is specific about what qualifies for savings account bonuses:
New Money Defined:
Funds not previously held at Banner Bank that you deposit into your new savings account.
What Qualifies:
- Transfers from other banks
- Cash deposits from external sources
- Funds from investment accounts at other institutions
What Doesn’t Qualify:
- Transfers between Banner Bank accounts
- Funds already on deposit with Banner Bank
Timeline and Requirements Breakdown
Phase 1: Account Opening (Day 1)
Open accounts online or at a branch using promo code 2026DP.
Phase 2: Funding Period (Days 1-60)
- Meet direct deposit requirements for checking
- Deposit new money requirements for savings
Phase 3: Balance Maintenance (Days 61-150)
Maintain required minimum balances for 90 additional days.
Phase 4: Bonus Payment (Within 30 days of completion)
Banner Bank deposits bonuses into your new accounts.
TRENDING DEAL:
Disclaimers:
The Annual Percentage Yield (APY) is accurate as of 12/5/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.31% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account. Show Less
Account Options and Minimum Balances
Checking Account Options:
- Digital Account: $25 minimum opening balance
- Connected Checking: $50 minimum opening balance
- Rewards Checking: $50 minimum opening balance
- Banner’s Best Checking: $50 minimum opening balance
Savings Account Options:
- Connected Savings: $25 minimum opening balance
- Money Market Savings: $100 minimum opening balance
- Banner’s Best Savings: $100 minimum opening balance
- High Yield Relationship Savings: $25,000 minimum opening balance
Who Should Consider These Bonuses?
Pacific Northwest Residents
You must live in Oregon, Washington, California, or Idaho to qualify for these offers.
High-Balance Account Holders
The $500 savings bonus requires $25,000, making this attractive for people with substantial savings to move.
Steady Direct Deposit Recipients
The checking bonuses require consistent direct deposits, making this ideal for working professionals.
New-to-Banner Customers
You cannot have closed Banner Bank accounts within the last 2 years to qualify.
Important Eligibility and Restrictions
Geographic Limitation
Only residents of OR, WA, CA, and ID are eligible for these offers.
Account History Requirement
Cannot have closed Banner Bank accounts within the past 2 years.
Frequency Limitation
Only one checking bonus and one savings/money market bonus every 2 years.
Existing Account Exclusion
Cannot currently have the same account type you’re opening for the bonus.
Good Standing Requirement
Accounts must be open and in good standing when bonuses are paid.
Tax Implications
IRS Reporting
Bonuses are considered interest income and will be reported on Form 1099-INT.
Tax Planning
Factor bonus income into your annual tax planning, especially for the higher bonus amounts.
My Take on Banner Bank’s Account Bonuses
What I find attractive about this offer is the flexibility to stack bonuses based on your financial capacity. The two-tier structure for both checking and savings allows people with different deposit levels to participate meaningfully.
The $1,000 maximum earning potential is substantial, though it requires significant deposits ($5,000 direct deposit + $25,000 new money for savings).
The 150-day total commitment (60 days funding + 90 days maintenance) is reasonable for bonus amounts this size, and the requirements ensure genuine banking relationships rather than quick account churning.
The geographic limitation to four western states keeps this focused on Banner Bank’s core market, which often translates to better local service and community involvement.
RAKUTEN $50 SIGN UP BONUS – Click here to get it!
Is This Bonus Opportunity Right for You?
Consider these offers if you:
- Live in Oregon, Washington, California, or Idaho
- Can meet the direct deposit requirements for checking bonuses
- Have new money to move for savings bonuses
- Haven’t had Banner Bank accounts in the past 2 years
- Want to establish a relationship with a regional bank
Skip it if you:
- Don’t live in the qualifying states
- Can’t meet the deposit or balance requirements comfortably
- Recently closed Banner Bank accounts
- Already have banking relationships that fully meet your needs
See the Best Checking & Savings Account Bonuses and Start Earning Free Cash Today
The Bottom Line
Banner Bank’s account bonuses offer excellent earning potential for qualifying customers in their service areas. The ability to stack checking and savings bonuses creates genuine $1,000 earning opportunities for those who can meet the requirements.
This isn’t just about one-time bonuses—it’s about establishing relationships with a regional bank that focuses on community banking and personalized service.
Ready to earn up to $1,000 in account bonuses? Open your accounts online at bannerbank.com or visit a branch using promo code 2026DP before March 31, 2026.
Make sure you can meet both the initial funding requirements and the 90-day balance maintenance period. With proper planning, these bonuses provide substantial rewards for establishing new banking relationships with a well-established regional institution.
Remember: you have until March 31, 2026, to open accounts, but you’ll need 150 days total to complete all requirements and earn your bonuses. Start early if this opportunity interests you.
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