Update 7/13/24: Deal is back, no end date. Terms now state ‘Offers are only available to Oklahoma, Arizona, and Colorado residents’. Hat tip to JimmytheGreek
Offer at a glance
- Maximum bonus amount: $500
- Availability:Offers are only available to Oklahoma, Arizona, and Colorado residents
- Direct deposit required: Optional
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: 90 days, $30
- Household limit: One
- Expiration date: None listed
The Offer
- First Fidelity Bank is offering a bonus of up to $500 when you open a new checking & savings account. Requirements are as follows:
- Get $200 when you open a new freestyle checking account. Complete one of the following:
- Complete ten (10) POS debit card transactions of at least $10 each.
- (2) Set up a monthly recurring direct deposit of at least $250 each.
- Get $200 when you open a new traditional savings account and complete the following requirements:
- Deposit a total of $15,000 new money within twenty (20) business days of account opening
- Maintain a $15,000 balance for a minimum of ninety (90) days from account opening.
- Open both a checking & savings account and get an additional $100
- Get $200 when you open a new freestyle checking account. Complete one of the following:
The Fine Print
- Offers only good for new Freestyle Checking and Traditional Savings accounts for new First Fidelity Bank (FFB) customers.
- Checking and savings account bonus offer not available to existing First Fidelity Bank (FFB) customers.
- Both offers are not available to those whose accounts have been closed within 90 days or closed with a negative balance.
- Offer limited to one Freestyle Checking and one Traditional Savings account type per household.
- May not be combined with other offers.
- All account openings subject to approval.
- $100 minimum required each to open a new Freestyle Checking and Traditional Savings accounts.
- Bonus is not considered part of the minimum opening deposit.
- To receive the $200 checking bonus, you must complete one of the following within sixty (60) days of checking account opening:
- (1) Complete ten (10) POS debit card transactions of at least $10 each. ATM transactions not eligible.;
- (2) Set up a monthly recurring direct deposit of at least $250 each.
- $200 bonus will be deposited into your checking account within ten (10) business days once all account requirements are met.
- To receive the $200 savings bonus, all of the following conditions must be met:
- (1) Deposit a total of $15,000 new money within twenty (20) business days of account opening;
- (2) Maintain a $15,000 balance for a minimum of ninety (90) days from account opening.
- $200 bonus will be deposited into your checking account within ten (10) business days once all account requirements are met.
- If account falls below $15,000 within the first ninety (90) days of account opening, the bonus will be debited from the account.
- Additional $100 bonus will be paid upon opening new Freestyle Checking and Traditional Savings on the same day.
- Once all account requirements are met for both accounts, the additional $100 bonus will be deposited into your new checking account within ten (10) business days.
- Bonus cash is considered interest and is reportable on IRS form 1099-NT (or Form 1042-S, if applicable).
Avoiding Fees
Monthly Fees
Freestyle checking account has no monthly fee. The traditional savings account has no monthly fee as long as you have $200 in the account.
Early Account Termination Fee
If the account is closed within 90 days a $30 fee is charged.
Our Verdict
Seems like a relatively good bonus especially as no direct deposit is needed, just needed to know if it’s a hard or soft pull.
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