Offer at a glance
- Maximum bonus amount: $200
- Availability: All branches are in AL
- Direct deposit required: Yes, two direct deposits
- Additional requirements: 5 debit card transactions and online banking
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: One
- Expiration date: None
The Offer
- Bank Independent is a bonus of $200 bonus when they open a new checking account and complete the following requirements:
- Have at least two recurring ACH direct deposits posted to your new personal or business checking account within 60 days of account opening
- Maintain the account in good standing for 60 days from account opening
The Fine Print
- One per customer or household.
- To earn the $200 bonus, you have at least two recurring ACH direct deposits posted to your new personal or business checking account within 60 days of account opening.
- To receive the bonus, code should be given to relationship banker at account opening or entered into appropriate field if opened online.
- 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 no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Better than the previous $150 business bonus that was offered. It looks like account opening works out of state, but unsure if the bonus will post. Also says you need to enter a code but doesn’t provide one?
Hat tip to Smurfit
Useful posts regarding bank bonuses: