Free Amazon Prime with $15,000 deposit

CIT Bank is a bank I discovered a few years ago after learning how expensive wire transfers were. Very few banks offer it for free and some charge up to $50 to send and receive wire transfers.

CIT Bank is the one that charges no fees for incoming bank transfers and $10 for outgoing bank transfers if your balance is less than $25,000. If your balance is over $25,000, transfers are free. $10 is already a relatively cheap fare, but free is free!

Anyway, that’s not what you’re here for – you’re here to find out if CIT Bank has a bonus and the details of that bonus. I’m happy to report that they have an active promotion going on right now and it’s pretty good.

Contents
  1. Who is CIT Bank?
  2. How to Get a Free Amazon Prime Membership ($139) From CIT Bank
  3. How does this bonus compare?

Who is CIT Bank?

CIT Bank is now a division of First Citizens Bank after the two completed their merger in early 2022. It is a national bank so there are no geographic restrictions on who can open an account with CIT Bank. They are FDIC insured, like all the other banks listed on this side.

We have a CIT Bank review if you want to know more.

From time to time, CIT Bank offers a variety of promotions for their accounts. I found them to be quite generous so I jumped on a promotion for their Savings Builder account a while ago.

Today we have a promotion for their money market account and it seems to be available for new and existing customers.

How to Get a Free Amazon Prime Membership ($139) From CIT Bank

The promotion is quite simple:

  • Open a new CIT Money Market account using the promotional code AMZN22;
  • Then, within 15 days, deposit $15,000 or more into your account and maintain a minimum balance of $15,000 for at least 60 days after the 15-day funding window;
  • After the funding window, they will send you an email with an Amazon Prime membership code within 30 days.

This promotion will work for new and existing Amazon Prime customers. If you already have a subscription, the code can be used to renew your subscription for an additional year.

It seems like existing CIT Bank customers can make this promotion – just open a New Money market account and fund it with funds new to CIT Bank. Fortunately, you can have multiple accounts.

The only restriction is that there is a limit of one Money Market promotional offer per account per customer – which seems fair to me. Oh, and you must use it no later than 03/23/2024.

Don’t forget the promotional code!

Open an MMA account CIT Bank

(No expiration published but may end at any time without notice)

II am already a CIT Bank customer with a Savings Builder account and will try it out. When I opened my account I was able to enter the promo code and it didn’t tell me I wasn’t eligible. While that doesn’t mean it worked, it’s a promising sign.

How does this bonus compare?

The bonus is for a subscription worth $139 on a deposit of $15,000 for 60 days. We use Amazon Prime in order to get the full value of the membership and I’m already a CIT Bank customer so it doesn’t add much to our financial processes.

I’m a fan of CIT Bank because the offer of free outgoing transfers when you have a balance of at least $25,000 and so it’s just another sweetener on the account. The money market account also offers a decent interest rate (it’s not zero!), so it’s a good offer all round.

If you don’t have a CIT Bank account, the offer is OK.

You can find better ones here:

Citi Priority Account – $300, $700, or $1,500

Citi Priority offers a bonus of $300, $700 or $1,500 when you open an account before 07/17/2022. Then, within 20 days of opening your account, deposit at least $15,000 in New-to-Citi funds and hold it for 60 days after day 21. The bonus amount is based on how much you can transfer, but the lowest level starts at $15,000. Click here to learn more about this offer.

Check out the Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover online savings account with promo code WH222 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

Chase Total Verification® – $225

Chase Bank will give you $225 when you open a full checking account and set up direct deposit within 90 days. There’s a $12 monthly fee that you can waive with a monthly direct deposit of just $500, so no problem with this offer!

HSBC Premier Verification – $450

HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier current account and make monthly recurring qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.

Huntington Bank – up to $300

If you live in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin, you can get up to $300 from Huntington Bank to open a new checking account. There are several eligible checking accounts, but these are great deals if you live in their geographic area. Click here to learn more about Huntington Bank offers.

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