Offer at a glance
- Maximum bonus amount: $100
- Availability: IL, IN, KY, MO
- Direct deposit required: No
- Additional requirements: 8 debit card purchases
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $10, avoidable
- Early account termination fee: Bonus forfeit, six months
- Household limit: None
- Expiration date: November 30th, 2023
The Offer
- Banterra Bank is offering a $100 bonus when you open a new checking account and complete the following requirements
- Complete 8 debit card purchases
The Fine Print
- When you open a Saluki Student or Saluki Interest Checking August 1st, 2023 through November 30th, 2023, receive a $100 bonus when you complete eight (8) Banterra-Saluki Visa Debit Card transactions within the first statement cycle of account opening, Bonus will be credited to your account in the statement cycle following this completion and will be reported as income on Form 1099-INT.
- Limit one bonus per customer.
- Bonus offer is not available for existing Banterra checking customers.
- Accounts must be opened by November 30, 2023, to receive bonus offer.
- Cannot be combined with other checking offers.
- Checking offer is not available to existing Banterra checking customers or previous customers whose accounts have been closed within the last 90 days or closed with a negative balance.
- Must be 18 years or older and agree to maintain account in good standing for a minimum of six months.
- Subject to bank approval.
- Employees are not eligible for this offer.
- Account Closing: If your Saluki Student or Saluki Interest Checking account is closed within six months after opening, the bonus amount you received for that account will be deducted at closing.
- Student Checking: This account is only available to customers 25 years or younger. At age 26, this account will convert to Saluki Interest Checking and must meet the specified account terms to avoid monthly fee.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $10 monthly fee. Waived if:
- (1)$2,500 minimum daily balance in this account;
- (2) $5,000 combined average balance in this account, identified checking, savings & money markets, or minimum balance in certificate of deposit (CD) and/or IRAs. The CD minimum balance equals the current balance at the beginning of each statement period;
- (3) A monthly direct deposit of at least $200 or higher is deposited to this account. Direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government and must be $200 or higher.
Early Account Termination Fee
Bonus forfeit if closed within six months
Our Verdict
Smaller than the $250 bonus previously offered, but no direct deposit required this time.
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