Offer at a glance
- Maximum bonus amount: $100
- Availability: IA only
- Direct deposit required: No, says ACH transaction
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: September 30, 2023
The Offer
- Quad City Bank & Trust is offering a $100 referral bonus when you open a new checking account and complete the following requirements:
- the account has been open a minimum of 30 days
- a reoccurring ACH transaction has occurred
- the debit card has been used and the account has a positive balance.
The Fine Print
- $100 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
- Requirements must be met within the first six months.
- Account must be active at the time bonus is paid and will be applied as a credit to the new account.
- Only new consumer checking account clients are eligible. Cannot be combined with any other offers.
- Employees are ineligible.
- Minimum opening deposit requirement is $100, with the exception of Quad City Preferred (minimum $1000 to open).
- The current client will receive a $100 credit into their QCBT checking account only after the new client has met these requirements.
- Referral slip also serves as a one-time waiver of new client’s privacy rights as detailed in the bank’s privacy policy as the referral source will be aware of this account opening.
- New clients may not combine this with any other promotion.
- Bonuses are unlimited per client and will be reported to the IRS as applicable.
- Promotion valid June 15, 2023 – September 30, 2023
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Feel free to share your referrals in the comments below, just also share if it’s a hard or soft pull.
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William Charles
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