Congrats on opening your new checking account with Honor and earning an amazing cash bonus! Now, it’s time to learn how to maximize your bonus and make the most of all the benefits your account has to offer.
Understand How to Earn
It’s essential to know the requirements you need to meet to unlock your bonus. You’ll need to set up qualifying direct deposits of $500+ and complete 8+ debit card transactions within 60 days of account opening.
But there’s more to your account than just the bonus! Want to see your balance grow? With our Benefits Checking account, you can earn an impressive 5.15% APY on balances up to $10,000. All you need to do is meet a few simple criteria each month to start earning even more.
For detailed requirements, visit our Benefits Checking page.
If you’ve chosen Connect Checking, you’ll earn 1 reward point for every $1 spent with qualifying debit card purchases. Curious about the details? Check out all the information on Connect Checking here.
Set Yourself Up for Success
Now that you know how to maximize your account’s benefits, it’s time to set clear financial goals. Whether you’re saving for a home, a car, a vacation, or simply building your savings, having a specific goal will keep you motivated and ensure you meet the account’s monthly requirements.
- Create a Monthly Budget
A realistic budget is key to financial success. Start by listing your monthly expenses—mortgage/rent, utilities, car payments, groceries, and any other recurring costs. Knowing what your regular expenses are will help you curb unnecessary spending and ensure you have enough to cover your automatic debits and essential purchases.
By understanding how much you can comfortably spend on non-essentials (like dining out or grabbing a coffee), you can avoid overspending and keep your balance on track, all while making progress toward your financial goals.
- Monitor Your Account Regularly
Keep tabs on your account balance by logging into the Honor app to track your transactions and ensure everything is accurate. Regularly checking your balance helps you avoid overdrafts and unexpected spending. A quick check here and there will keep you aligned with your budget and prevent surprises.
- Open a Money Market Account
Want to grow your checking bonus even more? A Money Market account is an excellent option for setting money aside while still earning interest. Consider transferring your bonus into a Money Market account to watch it grow. Partner your Money Market with another amazing and free feature we call Debit Card Round-Up!
- Take Advantage of Debit Card Round-Up
Saving for a big goal, like a down payment or an upcoming vacation? Our Debit Card Round-Up is a simple, automatic way to save without thinking about it. Every time you make a purchase with your debit card, it’s automatically rounded up to the nearest dollar. The difference is then deposited directly into an account of your choosing.
While the amounts might seem small, they add up quickly! To supercharge your savings, you can direct this change into your Money Market account, where it can earn a great interest rate. It’s a hassle-free way to save while keeping your day-to-day spending separate.
With these easy-to-use tools, you’ll not only maximize your checking account bonus, but also set yourself up for success in achieving your financial goals.
Connect with our team today to learn more about the products and features we offer, including Money Markets and Debit Card Round-Up!
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