Compare bank bonuses.

Banks compete for deposits and long-term customers. A sign-up offer is a marketing incentive: you receive the stated reward only if you are eligible and complete the provider’s requirements.

Usually not for bank accounts. Deposit accounts typically rely on an identity or banking-history check, or a soft credit pull, neither of which affects your score. Credit-card applications commonly use a hard credit inquiry, which can. Check the provider’s disclosures for the specific offer.

Many deposit-account and brokerage bonuses may be reported as taxable income, while treatment can differ by reward and situation. Keep your records and consult current tax guidance or a tax professional when needed.

Usually not, but some providers require an account to remain open for a stated period or charge an early closure fee. Read those terms before opening and again before closing.

Not necessarily. A useful offer depends on your location, eligibility, cash flow, timing, and the account’s fees.