Update 3/4/23: Deal is back and valid until March 31, 2023. Hat tip to 14lopeza
Offer at a glance
- Maximum bonus amount: $100
- Availability: MI only
- Direct deposit required: Yes
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown, sensitive
- Credit card funding: Up to $1,000
- Monthly fees: None
- Early account termination fee: $10, 60 days
- Household limit: None listed
- Expiration date: December 31, 2022
The Offer
- Independent Bank is offering a bonus of $100 when you open a new checking account. Bonus is broken down as follows
- Set up a recurring direct deposit to your new checking account
- Maintain a balance of $500 for 60 calendar days
- You can also get $50 for each friend or family member you refer
The Fine Print
- Subject to 1099-INT reporting.
- Qualifications must be met within 90 calendar days of account opening to receive bonus.
- Offer paid out within 60 calendar days of qualification. V
- alid for new checking account customers only. Cannot be combined with any other offer. Account must be in good standing to receive the bonus.
- Account must be opened by December 31, 2022.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is no monthly fee as long as you’re enrolled in eStatements
Early Account Termination Fee
$10 if closed within 60 calendar days.
Our Verdict
Not as good as the $200 bonus that was previously offered.
Hat tip to reader Katie
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