3 reasons to pass up a new bank account bonus

  • Victor Burnside/iStockphoto

    By Rebecca Lake/smartasset

    Everybody likes free money and one of the easiest ways to get your hands on some is by opening up a new checking account. Banks sometimes offer cash bonuses to new customers, but these deals aren't always as sweet as they may seem.

    Click ahead for a look at a few reasons why saying "no" to one of these freebies may actually be the smartest move.