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Offer at a glance
- Maximum bonus amount: $300
- Availability: Indiana, Ohio, or Michigan
- Direct deposit required: Yes, no minimum
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $8, avoidable
- Early account termination fee: $25, 180 days
- Household limit: None listed
- Expiration date: None listed
The Offer
- State Bank (website url is yourstatebank, will refer to it with that in brackets to make it searchable among all the other financial institutions named state bank or with state bank in the name) is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Set up a direct deposit within 60 days , no minimum mentioned
The Fine Print
- Not valid for business accounts or with other checking account offers. Effective 1/30/26. Subject to change without notice.
- To receive $300 bonus, sign up for direct deposit and have a direct deposit transaction within 60 days of account opening.
- The $300 bonus will be deposited into your new account within 30 days of meeting the promotion requirements.
- Offer available to individuals without an existing checking account at State Bank.
- A $25.00 fee applies if a checking account is closed within 180 days.
- Minimum to open account and obtain bonus is $25.00.
- Does not bear or earn interest.
- For tax purposes you will receive a 1099-INT for the cash bonus.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Cash Rewards Checking is the easiest to keep fee free with a $8 monthly fee that is waived with a $500 minimum daily balance.
Early Account Termination Fee
There is a $25 fee if closed within 180 days
Our Verdict
If anybody signs up please share your experiences below.
Hat tip to reader snailrock & bockrr
Useful posts regarding bank bonuses:
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William Charles
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