Opening a new bank account for a cash bonus can boost your balance quickly — as long as you know exactly what you're in for

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Opening a new bank account for a cash bonus can boost your balance quickly — as long as you know exactly what you're in for
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Might as well get more from the cash you keep close

However, you should be clear on what exactly the new account requires of you in order to earn the bonus, like a minimum balance or direct deposit.

There are some pros and cons to consider when opening a new bank account for a bonus, so it's important to weigh your options before moving forward.A bank account bonus is a cash bonus you can earn for signing up for a new bank account and meeting the bank's requirements. Not all bank accounts offer a bonus, but when you can find one they can be quite lucrative, such as the $500 bonus I earned last year.

and debit card activity minimums. But if you can meet the requirements, you may be on the way to a free bonus payday.A new bank account shouldn't have a big impact on your finances

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