[PA & OH] S&T Bank $300/$400 Checking Bonus – Doctor Of Credit

Update 1/22/24: Deal is back and valid until March 29, 2024.

Update 12/2/23: Deal is back and valid until 12/31/23. Hat tip to 14lopeza

Update 6/6/23: Deal is back and valid until 6/30/23

Offer at a glance

• Maximum bonus amount: $400
• Availability: Must be a resident of Pennsylvania or Ohio. Need to live close to a branch (possibly within 25 miles)
• Direct deposit required: Yes, $500+
• Additional requirements: eStatements & $1,000 debit card purchases
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding:  Up to $100
• Monthly fees: None
• Early account termination fee: Six months
• Household limit: None
• Expiration date: March 31st, 2020 June 30th, 2020 September 30th, 2020 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021

The Offer

Direct links to offer: East PA ($400) | West PA ($300) | OH ($300) |

• S&T Bank is offering a bonus of up to $300 when you open a checking account and complete the following requirements:
  • Use promo code STEPA1Q24
  • Open with a minimum of $50 and maintain that until the bonus posts
  • Make at least two direct deposits of $500+

The Fine Print

• This offer is not available to current S&T Bank checking customers or those who have closed an S&T Bank checking in the past 12 months.
• Offer applies to new consumer checking accounts (Preferred Banking, Select Banking, and Four Star Banking (also interest bearing for Preferred Banking and Four Star Banking)) opened from 3/2/20 – 3/31/20.
• New accounts will not be eligible for offer if any signer has signing authority on an existing S&T Bank consumer checking account.
• Signing authority will be defined by the customer name(s) and social security number(s) registered on the account.
• Offer cannot be combined with any other checking offer and is subject to change or termination without notice.
• One incentive payout per household.
• To qualify for the first $100 offer, the initial deposit of $50 must be made within 10 days of account opening and the following conditions also must be met by 4/24/20:
  • (a) at least ten $10 S&T Bank Visa Debit card purchases (posted and cleared) must be made and
  • (b) enroll in online statements.
• A $100 will be credited to the eligible account 5/8/20 for completing the 3 tasks listed above.
• If checking account is opened online, you will receive an additional $50 bonus to your S&T Bank checking account on 5/8/20.
• The additional $200 will be credited to the S&T account on or before 10/16/20 to signify the 6-month anniversary date of the account opening provided the account qualified for the debit card and online statement incentive.
• The max incentive you can receive during this time is $350.
• The account must not be overdrawn during the promotional period to receive any of incentives.
• Subject to 1099 reporting. All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Select checking account has no monthly fees to worry about. People are being charged a $3 fee if no bill pay is used (you can remove bill pay from your account and the fee is not charged).

Early Account Termination Fee

Account needs to be kept open for six months

Our Verdict

Previously the bonus was $200. This $350 bonus seems incredible, no direct deposit or monthly fee to worry about. It’s annoying that you don’t get the full bonus for six months, but still hard to complain. This will be added to our best bank account bonus page.

Hat tip to JL

Useful posts regarding bank bonuses:

Post history:

• Update 1/12/23: Extended until March 31, 2023. Direct deposit is now required. I’d recommend waiting for the no direct deposit requirement to return.
• Update 10/12/22: Extended until December 31, 2022.
• Update 7/30/22: Extended until September 30, 2022. There is a $400 offer if in Eastern PA
• Update 4/7/22: Extended until 6/30/22. There is a $400 offer if in Eastern PA
• Update 1/5/22: Extended until 3/31/22, bonus now $300.
• Update 10/13/21: Deal has been extended until 12/31/21.
• Update 8/5/21: Bonus has been increased to $400 (previously was $300/$350). Hat tip to MoneyChaser
• Update 5/17/21: Household limit has been removed. Hat tip to reader JP
• Update 2/20/21: Deal is back, but now $300 instead of $350.