Find the latest Amalgamated Bank Promotions, Bonuses, and Offers here.
Available nationwide, Amalgamated Bank is offering a $150, $300, $500, $1000, $1500, $2000 bonus when you open a new checking account and some requirements.
About Amalgamated Bank Promotions
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.
Some of the benefits you’ll enjoy while banking with Amalgamated Bank include 24/7 online and mobile banking, access to over 40,000 ATMs nationwide, and much more!
I’ll review the offers below.
Amalgamated Bank Up to $2,000 Checking Bonus
- What you’ll get: Up to $2,000 bonus
- Account Type: Checking Account
- Availability: Nationwide
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: $500 Visa or Mastercard only. Open Savings account later for additional $500 credit card funding.
- Monthly Fees: $0
- Early Account Termination Fee: None
- Household Limit: None
(Expires 07/28/2023)
| You can compare this to several great entry level Checking accounts with offers include the BMO Smart Money Checking ($400 bonus), Bank of America ($200 bonus offer), U.S. Bank Smartly® Checking ($800 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus), Fifth Third Bank Momentum® Checking ($200 bonus), KeyBank Checking ($200 bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a new Online Checking or Affordable Checking account2 between May 30, 2023 and July 28, 2023 (11:59pm Eastern, Central, & Pacific time)
- Fund the new Online Checking or Affordable Checking account with new money4 only within 20 calendar days5 of account opening; and
- Deposit $30,000.00 – $74,999.00 and earn a $500 bonus
- Deposit $75,000.00 – $199,999.00 and earn a $1,000 bonus
- Deposit $200,000.00 – $299,999.00 and earn a $1,500 bonus
- Deposit $300,000 or greater and earn a $2,000 bonus
- Beginning on the 21st day maintain the qualifying balance for 90 consecutive calendar days in the respective bonus tiers to earn the one time cash bonus.
- Joint and multi-party account ownership only qualify for payment of the one time cash bonus.
- 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.
Amalgamated Bank $150 or $300 Business Checking Bonus
- What you’ll get: $150 or $300 bonus
- Account Type: Business Checking Account
- Availability: Nationwide
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: $500 Visa or Mastercard only. Open Savings account later for additional $500 credit card funding.
- Monthly Fees: $0
- Early Account Termination Fee: None
- Household Limit: None
(Expires 07/31/2023)
| Compare to some of the best business checking accounts such as Chase Business Checking ($300 Bonus), Bank of America ($200 bonus offer), U.S. Bank Business Checking ($350 or $800 Bonus), Axos Bank Basic Business Checking ($400 Bonus), Axos Bank Business Interest Checking ($400 Bonus), Huntington Unlimited Plus Business Checking ($1,000 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open your new checking account
- Fund your account and meet eligibility requirements
- $150 bonus: Amalgamated Business Checking: Minimum Average Monthly Balance: $2,500.00 every month for 3 consecutive months following one full calendar month after account opening.
- $300 bonus: Amalgamated Business Checking Plus: Minimum Average Monthly Balance: $15,000.00 every month for 3 consecutive months following one full calendar month after account opening.
- Receive one time cash bonus paid to your account
- A new Business Checking customer is defined as a customer with no prior business checking relationship with Amalgamated Bank within the last 90 calendar days.
- Fund your account, maintain a minimum average balance for 3 consecutive months, and meet the qualifying transactions following one full calendar month from account opening. For example, if you opened an account on May 22, 2023 and you do not fund the account by June 30, 2023 you will not qualify for the promotion. Upon the Bank’s determination of meeting the requirements, the cash bonus will be credited to your checking account within 45 calendar days from the date you met the requirements.
- APY means Annual Percentage Yield.
- New money is defined as deposits not previously held by Amalgamated Bank.
Amalgamated Bank $250 Money Market Bonus (Expired)
- What you’ll get: $250 bonus
- Account Type: Money Market Account
- Availability: Nationwide (Bank Locator)
- Direct Deposit Requirement: No, but $10K minimum deposit
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: $500 Visa or Mastercard only. Open Savings account later for additional $500 credit card funding.
- Monthly Fees: None
- Early Account Termination Fee: None
- Household Limit: None
(Expires 05/26/2023)
| You can compare this to several great entry level Checking accounts with offers include the BMO Smart Money Checking ($400 bonus), Bank of America ($200 bonus offer), U.S. Bank Smartly® Checking ($800 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus), Fifth Third Bank Momentum® Checking ($200 bonus), KeyBank Checking ($200 bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Amalgamated Bank is offering a $250 money market bonus. The bonus you receive depends on the amount of funds you deposit and maintain for 90 days.
- Deposit $10,000 – $24,999.99 and earn a $100 bonus
- Deposit $25,000 – $49,999.99 and earn a $150 bonus
- Deposit $50,000 – $99,999.99 and earn a $200 bonus
- Deposit $100,000+ and earn a $250 bonus
- The value of the bonus may have to be reported to the IRS. Consult with your tax advisor for tax advice.
- APY means Annual Percentage Yield.
- Money market account is considered open and eligible for promotion upon bank approval and receipt of account funding by May 26, 2023.
- The Federal Deposit Insurance Corporation (FDIC) grants deposit insurance of $250,000 per account title. You may also qualify for more than $250,000 in FDIC coverage at Amalgamated Bank if you have single accounts, joint accounts, Individual Retirement Accounts and trust accounts.
- Fees may apply for non-Amalgamated, non-Allpoint® and international ATM transactions.
- Allpoint+® ATMs may not be available in all states.
- Your mobile carrier’s message and data rates may apply.
- To qualify for the Money Market promotion, you must meet the minimum balance requirements to obtain the APY and cash bonus illustrated in the table above. To open a non-promotional Money Market account online, $100 minimum deposit is required. No minimum deposit is required to open a Money Market Account in branch. There is a maximum account opening funding capability of $100,000 if opened online, if opened in branch there are no deposit funding restrictions. Additional deposit may be made by visiting an Amalgamated Bank branch or by making an Electronic Funds Transfer (“EFT”). An EFT includes, ACH, Wire, External Transfers, and Internal Transfer
How To Waive Monthly Fees
- Online Checking: no monthly maintenance fee
- Affordable Checking: $0 monthly maintenance fee
- Convenience+ Checking: $0 monthly maintenance fee with a qualified direct deposit or $10 if no direct deposit
- Give-Back Checking: None listed
- Money Market Account: None
- Amalgamated Business Checking: No monthly maintenance fee
- Amalgamated Business Checking Plus: No monthly maintenance fee
 |
Bottom Line
Amalgamated Bank offers great promotions for you to earn money over time. This is a nice bonus and should be very popular. There hasn’t been a bonus offer from Amalgamated since 2016.
While they have a generous bonus, Amalgamated Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
Compare Amalgamated Bank with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Axos Bank, BMO Harris, SoFi, US Bank, and more!
*Check back at this page for updated Amalgamated Bank promotions, bonuses and offers.
