Offers checked October 23 to 25, 2026
4 banks waive their monthly fee for owners 24 or younger, worth $10 to $15 for every month you keep the account open. Bank of America also has a no-fee option under 25. With a $2,000 paycheck every two weeks, the yearly total is about the same as anyone's (about $4,050 in the median state, against $3,950 for everyone), because the deposits usually waive these fees anyway.
Modeled for accounts opened over the next 12 months, after fees, before taxes. The person can split each paycheck between two accounts and has no spare savings to park (beyond an opening deposit of up to $500). It also assumes every requirement is met on time and no prior accounts at these banks. Your own number depends on your pay, state and the banks you've already used.
Some banks waive the monthly fee for younger customers. That matters most when your deposits are too small to waive the fee, or when you keep the account open after the bonus pays and your deposits move on. These offers' own terms waive the fee for owners 24 or younger.
| Bank | Bonus | To qualify | Where |
|---|---|---|---|
| Bank of America Advantage Banking (Plus, SafeBalance, or Relationship) | $100 to $500 Our plans for this paycheck net about $300 ($100 to $500 by state). 4 deposits of $1,250, done about 77 days after opening. | Our plans for this paycheck net about $300 ($100 to $500 by state). 4 deposits of $1,250, done about 77 days after opening.$100 to $500, depending on $2,000 to $10,000 in direct deposits within 90 days Monthly fee: $12 a month No monthly fee if you're 24 or younger when you open it as Advantage SafeBalance Banking (same bonus; otherwise our plans count a $12 monthly fee) | Nationwide Open by January 31, 2027 |
| Truist Truist One Checking | $500 Full amount in our plans for this paycheck. 2 deposits of $1,000, done about 21 days after opening. | Full amount in our plans for this paycheck. 2 deposits of $1,000, done about 21 days after opening.2 direct deposits ($2,000 total) within 120 days + 20 debit purchases within 120 days Monthly fee: $12 a month, waived with $500+ in direct deposits a month Fee waived if you're 24 or younger (saves $12 a month) | 18 states Open by February 2, 2027 |
| U.S. Bank U.S. Bank Smartly Checking | $250 to $450 Our plans for this paycheck net about $350 ($350 to $450 by state). 5 deposits of $1,000, done about 77 days after opening. | Our plans for this paycheck net about $350 ($350 to $450 by state). 5 deposits of $1,000, done about 77 days after opening.$250 to $450, depending on $2,000 to $8,000 in direct deposits (at least 2) within 90 days Monthly fee: $12 a month, waived with $1,500+ in direct deposits a month Fee waived if you're 24 or younger (saves $12 a month) | Nationwide, but the bank says it may be limited to its branch areas Open by November 10, 2026 |
| Flagstar Bank Ready Checking | $400 Full amount in our plans for this paycheck. 6 deposits of $250, done about 77 days after opening. | Full amount in our plans for this paycheck. 6 deposits of $250, done about 77 days after opening.$500+ in direct deposits in each of the first three 30-day periods after opening Monthly fee: $10 a month, waived with $500+ in direct deposits a month Fee waived if you're 24 or younger and you also turn on e-statements (saves $10 a month) | Florida, Michigan, Ohio No end date stated |
| Wells Fargo Everyday Checking | $325 Full amount in our plans for this paycheck. 1 deposit of $1,000, done about 7 days after opening. | Full amount in our plans for this paycheck. 1 deposit of $1,000, done about 7 days after opening.$1,000 in direct deposits within 90 days + $25 to open Monthly fee: $15 a month, waived with $500+ in direct deposits a month Fee waived if you're 24 or younger (saves $15 a month) | Nationwide Open by January 13, 2027 |
The waiver matters most when your deposits are too small to waive the fee, or when you keep an account open after your deposits move on to the next bank. Bank of America: SafeBalance has no fee if you're under age 25.
Every offer is checked against the bank's own terms within the last 14 days. Bank bonuses are generally taxable income.
Louisiana is a median state for this page. Here's the plan our engine builds there for someone 18 to 24. Your own plan depends on your pay dates and the banks you've used.
| Bank | Open | Paid by | Nets |
|---|---|---|---|
| Huntington | Oct 25 | Feb 6, 2027 | $370 |
| Unitus Community Credit Union | Oct 25 | Dec 29 | $300 |
| FourLeaf FCU | Nov 6 | Jan 12, 2027 | $350 |
| Chase | Nov 6 | Nov 28 | $400 |
| U.S. Bank | Nov 6 | Feb 21, 2027 | $450 |
| PSECU | Nov 20 | Apr 14, 2027 | $300 |
| Morgan Stanley Private Bank | Jan 1, 2027 | May 1, 2027 | $400 |
| Wells Fargo | Jan 1, 2027 | Apr 4, 2027 | $325 |
| Bank of America | Jan 29, 2027 | Jun 28, 2027 | $100 |
| Hancock Whitney | Feb 26, 2027 | Jul 11, 2027 | $300 |
| Capital One | Apr 23, 2027 | Sep 5, 2027 | $250 |
| California Credit Union | Apr 23, 2027 | Aug 1, 2027 | $250 |
| Bank of Hawaii | May 21, 2027 | Sep 18, 2027 | $210 |
| SoFi | Jul 2, 2027 | Aug 12, 2027 | $50 |
| Total (14 accounts) | $4,050 |
Some do. The banks listed here waive the monthly fee on the bonus account for owners 24 or younger, per their own terms. Some add a condition, shown on each offer. You still need to meet the bonus requirements.
Not for the offers listed here. The waiver is based on age, as each bank's terms describe. Our plans are for adults 18 and older.