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(New money means any funds that aren't currently in a BMO bank account or were in a BMO account in the last 14 days.) More BMO checking account bonusesIf you don't qualify for the BMO Relationship Check Account bonus, the bank has more personal checking account bonuses available until December 8, 2023. BMO Smart Money Checking and the BMO Smart Advantage Checking Account both offer a $400 checking account bonus, and the requirements for earning the bonus are the same. High bank account bonuses at other banksIf you'd like to consider more options, the following national banks also have high bank account bonuses. Products in this post: BMO Relationship Checking, BMO Relationship Plus Money Market Account, BMO Smart Money Checking, BMO Smart Advantage Checking Account, Chase Secure Banking℠, Chase Private Client Checking℠, Citigold® Checking Account, Citi Priority, Huntington Bank Platinum Perks Checking, U.S. Bank Smartly® Checking, U.S. Bank Standard Savings Account

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Pros Check mark icon A check mark. Earn a higher interest rate with qualifying activities Check mark icon A check mark. Earn up to 15% cash back at local retailers if you use a SoFi debit card Check mark icon A check mark. No-fee overdraft coverage if you overdraw up to $50 Check mark icon A check mark. High bank account bonuses at other banksOther banks have high bank account bonuses, too.

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To qualify for the bonus, you must have an eligible account — a Chase personal checking account, Chase personal savings account, or J.P. Mortgage Wealth Management non-retirement account. To be eligible for the $600 checking account bonus, you can't own a Huntington checking account. Banks paying $500 or more to open a business bank accountHuntington Bank: $1,000In addition to its personal checking account cash bonuses, Huntington Bank also has three business checking account promotions. You must be a new business checking account customer to qualify for the Huntington Bank Unlimited Plus Business Checking Account bonus by May 22, 2023. Chase: up to $500Chase also is offering a business bank account bonus of up to $500 for new business customers who open the Chase Business Complete Checking account.

☆ Why Silvergate’s post-FTX financial woes could spell trouble ahead for crypto
▼ + stars: | 2023-03-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Further, the spillover into a traditional bank and its stock price could fuel regulators' arguments that crypto poses a systemic risk. The big problem in crypto is that to buy bitcoin, you eventually have to interact with the traditional banking system. Silvergate's crypto bet worked for the bank, particularly in bull markets. A big part of Silvergate's crypto banking efforts was the Silvergate Exchange Network, better known as SEN, a platform that institutions used to move money to crypto exchanges. Custodia is a Wyoming-chartered special purpose depository institution designed to bridge the crypto and traditional banking systems.

☆ Premarket stocks: Why investors aren't going green
▼ + stars: | 2022-10-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

ESG funds in September saw their largest outflow of investor cash since the March 2020 recession. These ESG and responsible investing funds saw assets under management peak above $8.5 trillion in late 2021. That’s because ESG ratings agencies tend to rate companies against others within their industry, so oil and gas companies are rated separately from automotive companies. A debate over how to regulate ESG funds is also adding to the noisy picture. But the hurdles facing ESG investing show that doing so is easier said than done.

☆ Inflation has people living paycheck to paycheck. Here’s how some banks are responding
▼ + stars: | 2022-10-20 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

New York CNN Business —“Payday Friday” may soon be replaced by “Payday Wednesday.”This week, JPMorgan Chase, America’s largest bank, became the latest financial institution to offer customers early access to their direct deposits. Also, in the past year, several banks such as Bank of America, Citi and Chase have started scrapping overdraft fees. Services such as early access to direct deposits and waiving of overdraft fees come at a time when historically high inflation is draining consumers’ excess savings, said Mark Hamrick, chief economist for Bankrate. “At a time when prices have been high on a continuing basis, that has robbed consumers of purchasing power,” he said. So if there’s an interruption in income, that means individuals are going to be facing increased financial stress.”

☆ JPMorgan Chase, taking a feature from fintech rivals, gives some customers early payday deposits
▼ + stars: | 2022-10-19 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase is giving some customers early access to their direct deposits, a feature popularized by fintech rivals, as it hopes to attract users to a no-overdraft checking account. While smaller rivals including Capital One have said they are dropping overdraft fees, the CEOs of the three largest U.S. institutions have repeatedly refused calls to end the charges altogether. Instead, banks have drawn attention to existing products that protect users from overdraft fees, while still offering most of the functionality of full-service accounts. The service, which is targeted to households that earn around $55,000 or less a year, has about 1.4 million users, MacDonald said. Start-ups including Chime and Current have popularized early direct deposits as they've gained millions of cost-conscious users.

MPS (BMPS.MI) had scheduled a board meeting on Tuesday to set the terms of an up to 2.5 billion euros ($2.4 billion) share issue, the Tuscan bank's seventh in 14 years after an 8.2 billion euro bailout in 2017. Rocky markets and the size of the cash call, equivalent to more than 10 times MPS' current market value, have complicated talks over the share sale. The banks have long seen it as too risky to bring to the market without a pre-committed core of investors. The new shares will value MPS above healthier peers, exposing underwriters to likely losses on any shares left on their books, bankers and analysts say. On Tuesday, a source with knowledge of the matter told Reuters that MPS had secured some 30 million euros ($29 million) from local not-for-profit banking foundations in its home region.

CIT Bank is offering a free year of Amazon Prime when you open a new CIT Bank Money Market Account. Compare savings accountsIf you currently have an Amazon Prime membership, you may use the code to renew Amazon Prime for an additional year. Read our review Read Our Review A looong arrow, pointing rightThe CIT Bank Money Market Account is featured in our best money market account guide. How the CIT Bank account bonus comparesCIT Bank, Investors eAccess, and Chase have special offers featured in our best bank account promotions guide. Also, instead of offering a cash promotion, you can get a one-year subscription to Amazon Prime — for reference, a one-year subscription to Amazon Prime comes out to $139.

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