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Tag: direct deposit not required

  • [CT only] Union Savings Bank $250/$500 Business Checking Bonus – Doctor Of Credit

    [CT only] Union Savings Bank $250/$500 Business Checking Bonus – Doctor Of Credit

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    Update 5/26/24: Deal is back until September 27, 2024 and significantly better as you only need to open a basic checking account for the $500 bonus.

    Offer at a glance

    • Maximum bonus amount: $250/$500
    • Availability: You must be a CT resident, or current USB customer, to apply online. If not CT resident, must apply in-branch.
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems:  Unknown, Sensitive when applying online, not sensitive in branch
    • Credit card funding: None
    • Monthly fees: Avoidable
    • Early account termination fee: None listed
    • Household limit: None listed
    • Expiration date: November 20, 2021

    The Offer

    Direct link to offer

    • Union Savings Bank is offering a business checking bonus of up to $500. Bonuses are as follows:
      • $500 when you open a Basic Business checking account and complete the following requirements:
        • Have a minimum opening deposit of $100
        • Complete 15 or more qualifying electronic transactions
        • Minimum daily balance of $2,500 must be maintained for a 90-day period beginning on the 31st day after account opening

     

    The Fine Print

    • Receive a $250.00 bonus by opening a new Basic Business Checking account, with a minimum opening deposit of $100, and completing 10 or more qualifying electronic transactions. Minimum daily balance of $2,500 must be maintained for a 90-day period beginning on the 31st day after account opening. Qualifying electronic transactions must also occur during this same period.
    • Receive a $500.00 bonus by opening a new Business Relationship Checking account or a USB Advantage Business Checking account, with a minimum opening deposit of $100, and completing 10 or more qualifying electronic transactions. Minimum daily balance of $25,000 must be maintained for a 90-day period beginning on the 31st day after account opening. Qualifying electronic transactions must also occur during this same period.
    • Qualifying electronic transactions include debit card purchases, mobile deposits, ACH (credits or debits), wire transfers (debit or credits) and online bill payments.
    • Offer is valid from September 29, 2021 through November 20, 2021.
    • In order to be eligible, neither the business nor any of the authorized signers on the account may have an existing USB business checking account.
    • Limit one bonus per business and authorized signer.
    • Promotion may be canceled without notice
    • . Bonus amounts will be credited to checking account between March 1, 2022 and May 1, 2022, depending on the account opening date. Account must be open and in good standing to receive bonus.
    • The checking bonus is subject to 1099 IRS reporting requirements.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Basic business checking ($500 bonus)

    This account has no monthly fee, if a $500 minimum daily balance is maintained.

    Business relationship checking ($500 bonus)

    This account has no monthly fee, if a $25,000 minimum daily balance is maintained.

    Early Account Termination Fee

    I wasn’t able to find any mention of an early account termination fee.

    Our Verdict

    Will add this to our list of the best business checking bonuses. Bonus is significantly better than before as you only need to open the basic savings account.

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    William Charles

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  • Laurel Road $200 High Yield Savings Bonus (Balance Only Required On Day 90) – Doctor Of Credit

    Laurel Road $200 High Yield Savings Bonus (Balance Only Required On Day 90) – Doctor Of Credit

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    Update 5/22/24: new referral page is now open, thanks to people who didn’t post theirs in the comments below.

    Update 5/22/24: Deal is back until 01/10/2025

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: Nationwide
    • Deposit required: $5,000 – $30,000
    • Additional requirements: Deposit must be in account on day 90
    • Hard/soft pull: Soft pull
    • ChexSystems: No, Chexsystems sensitive
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: 4/30/2024

    The Offer

    No direct link to offer, requires a referral. Find & share your referrals in this linked post. Direct link for terms here.

    • Laurel Road is offering a bonus of up to $200 when you open a new savings account and deposit $1 within 20 days of account opening. The bonus you receive depends on your balance at 90 days after account opening:
      • Deposit total between $5,000–$14,999.99 and get a $50 bonus
      • Deposit total between $15,000–$29,999.99 and get a $100 bonus
      • Deposit total more than $30,000+ and get a $200 bonus

     

    The Fine Print

    • Starting at 12:00AM EST on January 30, 2024, through 11:59PM EST on April 30, 2024 (“Campaign Period”), a $50 bonus (the “Bonus”) will be awarded to Laurel Road members (“Referrer”) for each friend who opens a new Laurel Road High Yield Savings (HYS) account (the “Referred”) and meets the following requirements, the Referred must 1) submit the HYS account application through the Referrer’s link during the Campaign Period. 2) have a minimum HYS account balance of at least $1 by 7PM EST within the first twenty (20) calendar days of account opening, and 3) have a minimum balance of $5,000 by 11:59PM EST on the ninetieth (90th) calendar day of account opening for Referrer to earn the Bonus. T
    • his offer cannot be combined with any other programs and is not eligible for the standard Refer-A-Friend split.
    • All other Laurel Road Referral Program Rules apply. For full information see https://www.laurelroad.com/hys-raf2024/#disclaimer.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees to worry about.

    Early Account Termination Fee

    None

    Our Verdict

    Bonus is interesting for two reasons:

    • Account earns 5% APY and this is competitive with other high yield rates
    • You only need a balance on day 90

    You’ll likely need to tie up funds for a week or so but still worth doing if you have a lot of liquid funds available. Person referring also gets a $50 bonus. We will add this to our list of the best checking bonuses. Do not share your referrals in the comments below, you can share them in this linked post.

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    William Charles

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  • [LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $400/$800 Business Checking Bonus – Doctor Of Credit

    [LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $400/$800 Business Checking Bonus – Doctor Of Credit

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    Note: Terms state ‘Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers’. You also have to request a code by filling in your information so should be able to get this bonus even if not targeted but YMMV.

    Offer at a glance

    • Maximum bonus amount: $800
    • Availability: Offer is only available to residents of LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC and parts of VA
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown, sensitive
    • Credit card funding: Up to $50
    • Monthly fees: None
    • Early account termination fee: Six months, bonus forfeit
    • Household limit: None
    • Expiration date: 06/30/2024

    The Offer

    Direct link to offer

    • First Horizon Bank is offering a bonus of $400 or $800 when you open a new business checking account.
      • $800 bonus:
        • Deposit $25,000 into the new BizEssentials Checking account within 15 days of the account opening.
        • Maintain at least a $25,000 collected daily balance for the first 3 full statement cycles.
        • Conduct 20 qualifying transactions within the first 3 full statement cycles.
      • $400 bonus:
        • Deposit $5,000 into the new BizEssentials Checking account within 15 days of the account opening.
        • Maintain at least a $5,000 collected daily balance for the first 3 full statement cycles.
        • Conduct 20 qualifying transactions within the first 3 full statement cycles.

    The Fine Print

    • Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers, and is only available for new clients that have not had an account at First Horizon within the last 12 months. Opening deposit must be funds from a financial institution other than First Horizon Bank or its affiliates. Limit one bonus per company.

       

    • To qualify for the $400 bonus, open a new BizEssentials Checking, BizEssentials Plus Checking, or BizEssentials Interest Checking account by 06/30/2024, deposit at least $5,000 within fifteen (15) days of account opening and maintain an average daily collected balance of $5,000 for the first three (3) full statement cycles and conduct a minimum of twenty (20) qualifying client-initiated transactions within the first three full statement cycles in the eligible First Horizon Bank checking account.

       

    • To qualify for the $800 bonus, open a new BizEssentials Checking, BizEssentials Plus Checking, or BizEssentials Interest Checking account by 06/30/2024, deposit at least $25,000 within fifteen (15) days of account opening and maintain an average daily collected balance of $25,000 for the first three (3) full statement cycles and conduct a minimum of twenty (20) qualifying client-initiated transactions within the first three full statement cycles in the eligible First Horizon Bank checking account.

       

    • BizEssentials Checking, BizEssentials Plus Checking, or BizEssentials Interest Checking accounts require a $100 minimum opening deposit. A qualifying client-initiated transaction may include deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card. The cash bonus will be deposited into your account within 10 business days after qualifying activities are met. Bonus will only be paid to open accounts with a positive balance. Other terms and conditions of your account are disclosed in your depositor agreement Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes. Offer and account opening subject to bank approval.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    BizEssentials Checking account has no monthly fees to worry about.

    Early Account Termination Fee

    Previous terms say account need to be kept open for six months, but I don’t see that in the terms this time.

    Our Verdict

    Need to lock up funds for ~90 days, this works out to be an annualized return of:

    • $400 bonus: 32%
    • $800 bonus: 12.8%

    Both offers are great. Best previous offer was for $300 but that had no hold period, still think this is a better bonus for most people. There is also a personal checking bonus for $450 that is worth doing. We will add this to the list of the best bank account bonuses.

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    William Charles

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  • [MA only] Middlesex Savings Bank $300 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [MA only] Middlesex Savings Bank $300 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

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    Update 4/21/24: Deal is back, now $200 instead of $300. Good through June 30, 2024. This requires a  freedom platinum checking, which requires 50k in asssets to waive the monthly fee. Hat tip to
    Bockrr

    Update 2/11/24: Deal is back and valid until 3/31/2024. Hat tip to reader Peek

    Update 12/28/22: Extended until 12/31/23.

    Update 4/2/22: Deal is back and valid until 12/31/2022.

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: Must reside in a town with a Middlesex Savings Bank office or in a town contiguous to a town with a Middlesex savings Bank Office (all branches are located in Massachusetts)
    • Direct deposit required: No
    • Additional requirements: Use promo code & complete 8 debit cards
    • Hard/soft pull: Soft
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None listed
    • Expiration date: December 31, 2021

    The Offer

    Direct link to offer

    • Middlesex Savings Bank is offering a bonus of $200 when you open a new freedom checking account and complete the following requirements:
      • Use promo code FP300
      • Complete at least 8 debit card transactions within 60 days of account opening

    The Fine Print

    • Middlesex Savings Bank will pay a $200 incentive to a customer for opening a new Freedom Checking account between 7/1/2021 and 12/31/2021. To be eligible, the individual must not have held a personal checking account at Middlesex Savings Bank within the 90 days prior to opening the new checking account regardless of whether an account was previously held individually or joint with others.
    • Mention or enter offer and promo code listed at time of account opening. Promo code: Cash200.
    • To qualify, the debit card(s) associated with the account must be used at least eight (8) times within the first sixty (60) days of account opening.
    • Transactions must post and clear within the 60-day timeframe to be counted.
    • Following verification of debit card usage for qualifying accounts, a $200 check will be mailed to the primary accountholder to the address provided at account opening within 90 days of account opening.
    • Void where prohibited.
    • All accounts are subject to standard account opening processes and standards, and such standards must be met for offer to be paid.
    • Offer expires 12/31/2021, however, Middlesex Savings Bank reserves the right to revoke this offer at any time. Limit one offer per checking account.
    • Limit one offer per person.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Freedom Blue has no monthly fees to worry about.

    Early Account Termination Fee

    I wasn’t able to find any mention of this fee in the fee schedule.

    Our Verdict

    Seems like a great bonus. Much better than the $100 checking bonus as it’s an extra $100 plus no direct deposit required. Definitely worth doing as there is no monthly fee to worry about either. Adding to our best bank account bonuses.

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    William Charles

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  • [MA & CT only] PeoplesBank (Bankatpeoples) $300 Checking Bonus – Doctor Of Credit

    [MA & CT only] PeoplesBank (Bankatpeoples) $300 Checking Bonus – Doctor Of Credit

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    Update 3/30/24: Deal is back and valid until 5/5/24. Requires a direct deposit now so not worth considering. Hat tip to reader ShawntheShawn

    Update 11/4/23: Good through 11/8/23.

    Update 8/7/23: Deal is back and valid until 9/13/2023.

    Update 10/8/22: Deal is back and valid until 10/21/2022. Has also been increased to $350 from $250.

    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: Offer available only to residents of Hampden/Hampshire/Franklin counties in Massachusetts and Hartford county in Connecticut
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: $500 per application
    • Monthly fees: None
    • Early account termination fee: 90 days, $15
    • Household limit: One
    • Expiration date: September 30th, 2020 10/21/2022

    The Offer

    Direct link to offer

    • PeoplesBank is offering a checking bonus of $300 when you open a new PeoplesBank checking account using promo code Simple300 and complete the following requirements:
      • Have a minimum of $1,500 in direct deposits within 60 days of the account open dat
    • Get an additional $150 with a $10,000 minimum daily balance or $300 with a $25,000 minimum daily balance (must remain for 90 days).

     

     

    The Fine Print

    • Customers who have received promotional payouts previously are not eligible. Cannot be combined with any other offer. Offer available in Hampden/Hampshire/Franklin counties of Massachusetts and Hartford/Tolland counties in Connecticut.
    • Minimum opening deposit of $10 required. The Free Checking account must be opened online at bankatpeoples.com/checking250 with the promotion code of Get250 by 9/30/2020.
    • To qualify for the offer you must perform 30 point of sale (POS) debit card transactions and have a minimum of $2,000 in aggregate of mobile deposits and/or direct deposits to the new account within 60 days from the account open date.
    • Although not all debit card POS transactions appear in your account immediately or may appear as ‘pending’ due to merchant processing times, these transactions will count toward the total POS debit card transactions.
    • Qualifying direct deposits are electronic deposits (such as salary, pension, Government Benefits or other monthly ACH deposits) made into your PeoplesBank Free checking account from third parties.
    • If you meet the criteria you will receive $250 in your account within four (4) weeks from meeting the criteria.
    • Customers who have had an open PeoplesBank checking account within 12 months of new account opening are not eligible for the offer.
    • PeoplesBank associates are not eligible.
    • Personal accounts only.
    • Limit of one promotional account per household.
    • Cannot be combined with any other offer.
    • Offer available only to residents of Hampden/Hampshire/Franklin counties in Massachusetts and Hartford county in Connecticut. Offer subject to change without notice.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    The free checking account has no monthly fees to worry about

    Early Account Termination Fee

    According to comments on previous bonuses there is an  early account termination fee of $15 if the account is closed within 90 days.

    Our Verdict

    Previous bonus was $400. Might be better to wait for that offer to return, but before that bonus the best bonus was $300 with a direct deposit. We will add this to our best bank bonus page even though we’ve seen that bigger bonus in the past.

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    William Charles

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  • [TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $450 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $450 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

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    Note: Terms state ‘Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers’. But this shows up in a google search and you also have to request a code by filling in your information so should be able to get this bonus even if not targeted but YMMV.

    Offer at a glance

    • Maximum bonus amount: $450
    • Availability: Offer is only available to residents of TN, AR, MS, AL, GA, KY, FL, NC and parts of VA (Bristol, Gate City, Weber City)
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Up to $50
    • Monthly fees: None
    • Early account termination fee: Six months, bonus forfeit
    • Household limit: One
    • Expiration date: 3/31/24

    The Offer

    Direct link to offer

    • First Horizon Bank is offering a $450 bonus when you open a new checking account and complete the following requirements:
      • Maintain a $5,000 average daily balance
      • Conduct a minimum of 10 qualifying client-initiated transactions for each statement cycle for the first three full statement cycles

    The Fine Print

    • To qualify for the bonus, open a new FirstView Checking account by 03/31/2024 and maintain a $5,000 average daily collected balance and conduct a minimum of 10 qualifying client-initiated transactions for each statement cycle for the first three full statement cycles.
    • A qualifying client-initiated transaction may include deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card.
    • The cash bonus will be deposited into your account within 10 business days after qualifying activities are met. Bonus will only be paid to open accounts with a positive balance.
    • Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers, and is only available for new clients that have not had an account at First Horizon within the last 12 months.
    • Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
    • All FirstView Checking accounts require a $50 minimum opening deposit.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    FirstView checking account has no monthly fees to worry about. You do need to opt in to paperless statements otherwise you’ll be charged a $2 monthly fee.

    Early Account Termination Fee

    Account must be kept open for six months otherwise the bonus will be forfeit

    Our Verdict

    Better than the $400 checking bonus. Definitely worth doing if they will send you an e-mail with the promo code, I guess there is some risk involved though if you weren’t targeted with a mailer.

    Hat tip to reader Bockrr

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    William Charles

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  • [CO Only] Air Academy Credit Union $1,000 Business Checking Bonus – Doctor Of Credit

    [CO Only] Air Academy Credit Union $1,000 Business Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $1,000
    • Availability: CO
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: $10, six months
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Air Academy Credit Union is offering a $1,000 bonus when you complete the following requirements:
      • Open an Interest-Bearing Business Checking or a Free Business Checking account
      • Within 30 days of account opening deposit a balance of $5,000 or $25,000
      • Maintain an average daily balance of $5,000 ($500 bonus) or $25,000 for 60 days ($1,000 bonus)

    The Fine Print

    • To receive the $500 bonus, open an Interest-Bearing Business Checking account or a Free Business Checking account and: (a) deposit $5,000 within the first 30 days; (b) maintain an average daily balance of $5,000 for 60 days. To receive the $1,000 bonus, open an Interest-Bearing Business Checking account or a Free Business Checking account and: (a) deposit $25,000 within the first 30 days; (b) maintain an average daily balance of $25,000 for 60 days. Bonus will be credited into your business checking account within 2 business days after meeting the requirements. Offer valid on business accounts only and limited to 1 account per member. Bonus is considered taxable income. Must mention offer at time of account opening for bonus eligibility. Offer not valid for current Business Checking account holders or members with accounts closed within the past 180 days. Accounts closed within 180 days of account opening will be charged a $10 early closure fee. Cannot be combined with another checking account offer or used for an existing checking account; only one offer per member. Offer subject to change without notice. Restrictions and requirements apply. Must be a business registered in Colorado to qualify.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Free business checking has no monthly fees to worry about.

    Early Account Termination Fee

    According to the fee schedule there is an early account termination fee of $10 if closed within six months of account opening.

    Our Verdict

    This works out to be an APY of 24% on the $1,000 bonus. Definitely worth doing although you need to call in to do it. Will add to the best bank account bonuses.

    Hat tip to reader Gadget

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    William Charles

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  • [KS, MO, AR, OK] Equity Bank $400 Business Checking Bonus – Doctor Of Credit

    [KS, MO, AR, OK] Equity Bank $400 Business Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $400
    • Availability: KS, MO, AR, OK
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Can fund up to $2,500 with a credit card
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: One
    • Expiration date: June 30, 2024

    The Offer

    Direct link to offer

    • Equity Bank is offering a $400 bonus when you open a new small business or commercial checking account and complete the following requirements by June 30, 2024:
      • Enroll in business online banking
      • Make $2,500 or more in qualifying deposits, which do not include transfers from existing Equity Bank accounts.
      • Minimum deposit of $100 required to open new checking account.

    The Fine Print

    • Business Checking Promotion.
    • Limited time offer and may be canceled without notice.
    • To qualify, please complete steps at equitybank.com and open a Small Business or Commercial Checking account with Equity Bank, including qualifying deposit.
    • The following criteria must be met by June 30, 2024: (1) Enroll in business online banking and (2) make $2,500 or more in qualifying deposits, which do not include transfers from existing Equity Bank accounts. Minimum deposit of $100 required to open new checking account.
    • Service fees may be assessed, and we may collect the bonus if the account is closed within the first 180 days after account opened.
    • Limit one promotional offer per business and/or address.
    • If your account meets the criteria and remains open and active, we will deposit the earned bonus into your checking account within 30 days after the qualification expiration date of June 30, 2024
    • . Bonuses may be considered interest and may be reported on IRS form 1099. (C) Equity Bank, 2023.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Small business checking account has no monthly fees to worry about.

    Early Account Termination Fee

    Our Verdict

    There is also a $200/$300 personal checking bonus. This business bonus seems to be easy to do, but not sure what business documents they require if any.

    Hat tip to ShawntheShawn

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    William Charles

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  • [MA] Middlesex Federal $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [MA] Middlesex Federal $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

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    Update 2/27/24: Can now be opened online as well.

    Offer at a glance

    • Maximum bonus amount: $150
    • Availability: MA
    • Direct deposit required: None 
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes, not sensitive
    • Credit card funding: Unknown 
    • Monthly fees: None
    • Early account termination fee: $25, 90 days
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Middlesex Federal is offering a $150 checking bonus when you open a new Simply Free Checking account:
      • Receive an MFS instant issue debit card and we’ll pay you $25 to download our mobile app and another $25 to add your MFS debit card to your digital wallet
      • Make fifteen Point of Sale (non-ATM) transactions using your MFS debit card within the second through fourth statement cycle from the date of account opening and we’ll credit your account $100 on the last day of the fourth statement cycle

    The Fine Print

    • Open a Simply Free Checking (offer does not apply to Simply eFree Checking accounts opened online,) at any Middlesex Federal (MFS) branch, receive an MFS instant issue debit card and we’ll pay you $25 to download our mobile app and another $25 to add your MFS debit card to your digital wallet.
    • Payment will be in the form of an MFS check which must be deposited upon receipt into a new MFS Simply Free Checking using MFS mobile check deposit.
    • Middlesex Federal Online Banking registration and mobile app download are required.
    • Make fifteen Point of Sale (non-ATM) transactions using your MFS debit card within the second through fourth statement cycle from the date of account opening and we’ll credit your account $100 on the last day of the fourth statement cycle.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees

    Early Account Termination Fee

    There is a $25 fee if the account is closed within 90 days. There is also a $2.50 month inactivity fee if the account has been inactive for two years and has a balance under $100.

    Our Verdict

    It’s nice that there is no direct deposit required and it’s a soft pull. We will add this to our list of the best checking bonuses.

    Hat tip to Peek

    Useful posts regarding bank bonuses:

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    William Charles

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  • Wells Fargo $225 Savings Bonus With $10,000 Deposit – Doctor Of Credit

    Wells Fargo $225 Savings Bonus With $10,000 Deposit – Doctor Of Credit

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    Update 2/27/24: Offer extended till April 9th. Hat tip to nycdpj

    Offer at a glance

    • Maximum bonus amount: $225
    • Availability: Nationwide
    • Direct deposit required: None
    • Additional requirements: $10,000 deposit
    • Hard/soft pull: Soft
    • ChexSystems: Mixed reports, likely doesn’t pull
    • Credit card funding: None
    • Monthly fees: Avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date:February 23, 2024

    The Offer

    Direct link to offer

    • Wells Fargo is offering a $225 bonus when you open a new savings account and deposit $10,000 within 30 days. Must maintain the balance through Day 90 from account opening.

    The Fine Print

    • Eligibility Requirements:

      • This offer is for new savings customers only. All Wells Fargo consumer savings accounts are eligible for this offer with the exception of Time Accounts (CDs) and savings accounts offered by Wells Fargo Private Bank.
      • You must use your bonus offer code at account opening when you apply for a new eligible Wells Fargo savings account.
      • You are not eligible for this offer if:
        • You are a current primary account owner of a Wells Fargo consumer savings account. The primary account owner is the owner whose Taxpayer Identification Number, such as a Social Security Number, is assigned to the account and has tax responsibility.
        • You have received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months.
        • You are a Wells Fargo employee.

    • Bonus Requirements:

      1. Open a new Wells Fargo consumer savings account by February 23, 2024. All account applications are subject to approval.
      2. Deposit $10,000 or more in new money to your new savings account within 30 days and maintain at least a $10,000 balance for 90 days after account opening. Deposit and transfer limits and other terms and conditions apply. See Wells Fargo’s Online Access Agreement available at wellsfargo.com/online-banking/online-access-agreement for more information.
        • New money is money that is new to the customer or new to Wells Fargo (deposited into the customer’s new savings account from outside of Wells Fargo and Company and all affiliates, or from a Wells Fargo account not owned by the customer).
        • New money deposited up to 7 calendar days prior to the bonus offer code being applied to the account will count towards the offer qualification requirements. Please see a banker for details.

      Bonus Payment:

      • We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.
      • The new savings account must be open at the time we attempt to deposit any earned bonus payment. Please note that an account with a zero balance may be closed by us without prior notice, as further described in the Deposit Account Agreement.
      • You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.

    Avoiding Fees

    Monthly Fees

    The Wells Fargo Way2Save Savings account monthly service fee is $5. Minimum opening deposit is $25. The monthly service fee can be avoided with one of the following each fee period:

    • $300 minimum daily balance
    • Automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
    • Automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account
    • or more Save As You Go® transfers from a linked Wells Fargo checking account. A qualifying Save As You Go transfer is an automatic transfer of $1 from your linked Wells Fargo checking account to your Way2Save Savings account each time you (or any authorized signer or joint owner) use your debit card for a one-time purchase or complete a Bill Pay transaction through online banking, and the one-time debit card purchase or Bill Pay transaction posts to the account. We reserve the right to determine through our sole discretion if a particular transaction is a qualifying transaction.
    • Primary account owner is 24 years old or under. (When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.) Customers 12 and under must have an adult co-owner.

    Initial monthly service fee waiver (pdf): “We’ll waive the monthly service fee for each fee period ending within the first 64 days of opening.”

    Our Verdict

    There is also a $525 savings bonus but that requires a $25,000 deposit and can’t be opened online. This is a better % return but obviously smaller overall bonus. You’re missing out on $100 in lost interest compared to a 5% APY account so this is really only a $125 bonus, but still worth doing. We will add this to our list of the best bank account bonuses.

    Hat tip to reader David

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    William Charles

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  • [IL, MI, MO, CA, FL & WI] CIBC US $200 Checking Bonus – In Branch Only – Doctor Of Credit

    [IL, MI, MO, CA, FL & WI] CIBC US $200 Checking Bonus – In Branch Only – Doctor Of Credit

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    Update 2/22/24: CIBC now has branches in CA (SF) and FL (Palm Beach). Hat tip to RM

    Update 5/15/23: Deal is back. Hat tip to TOm

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: In branch only, branches are in IL, MI, MO & WI [Branch locations]
    • Direct deposit required: Direct deposit or ACH automated debit transaction
    • Additional requirements: eStatements
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee:
    • Household limit: None listed
    • Expiration date: December 31st, 2019

    The Offer

    Direct link to offer

    • CIBC is offering a $200 checking bonus when you open a new iCan or MyChoice account in branch when you meet the following requirements:
      • Open account with a minimum of $500+
      • Receive at least one direct deposit or ACH automated debit transaction
      • Elect to receive electronic statements

    The Fine Print

    • Bonus will post within 100 days of account opening if requirements are met
    • The account must remain open on the payment date to receive the bonus
    • Only one bonus per person is allowed
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Looks like all the checking accounts are now fee free.

    Early Account Termination Fee

    There is a $25 early account termination fee if the account is closed within 90 days.

    Our Verdict

    We’ve previously posted another CIBC US deal for $300 that could be opened online but was only available to certain employer groupers. Some people were to sign up anyway and then their accounts were closed but CIBC did send them $150 check for the inconvenience. That’s always a good sign in terms of customer service in my opinion. This one should be open to anybody who can get to a branch, even if you live out of state. Definitely worth doing if you’re in the area as it seems like any ACH will trigger the direct deposit requirement. I’ve added it to the best bank bonus page.

    Big thanks to reader, Jason who let us know. Learn how to find bonuses and contribute to the site here.

    Useful posts regarding bank bonuses:

    Post history:

    • Update 8/4/19: Bonus is back for 2019.

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    William Charles

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

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

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    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.

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    William Charles

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  • [CA] Valley First Credit Union $500 Business Checking Bonus – Doctor Of Credit

    [CA] Valley First Credit Union $500 Business Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $500
    • Availability: Calaveras, Fresno, Kern, Kings, Madera, Mariposa, Merced, Sacramento, San Joaquin, Stanislaus, Tulare, and Tuolumne Counties.  in CA
    • Direct deposit required: None
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: $12, avoidable
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Valley First Credit Union is offering a $500 business checking bonus when you following requirements are met:
      • Account must be open for 100 days
      • Receives average deposits of at least $1200 per month during that period

    The Fine Print

    • Offer available on Small Business Checking, Business Checking, Interest Business Checking, and Impact Business Checking.
    • Offer does not apply if you have an existing Valley First Credit Union business checking account or have closed a Valley First business checking account within the last 12 months, including joint account ownership. Cannot be combined with other offers.
    • Business must meet Valley First membership eligibility requirements including payment of a $5 one-time membership fee and deposit of $25 to a Business Share Savings Account
    • $500 bonus will be posted to the business checking account after it is open for 100 days and receives average deposits of at least $1200 per month during that period.
    • These fees are waived on the business checking account: monthly maintenance, deposit transaction, cash deposit, and cash order.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Business checking has a $12 monthly fee. Waived with a $1,500+ average daily checking balance OR $4,000+ average daily combined balance).

    Early Account Termination Fee

    None but account does need to be open for 100 days at least.

    Our Verdict

    There is also a $200 personal checking bonus. This is an awesome bonus as it’s easy to keep the account fee free and trigger the bonus. We will add this to the best bank bonuses even though we don’t know if it’s a hard or soft pull.

    Hat tip to reader prunecity

    Useful posts regarding bank bonuses:

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    William Charles

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  • Commerce Bank $300 Checking Bonus – Doctor Of Credit

    Commerce Bank $300 Checking Bonus – Doctor Of Credit

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    Note: The terms state this is for only the direct recipient of this offer. It is being advertised on Facebook & Instagram but I wouldn’t recommend applying unless you actually see the advertisement yourself.

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: Nationwide?
    • Direct deposit required: None
    • Additional requirements: Direct deposit or 10 debit purchases
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes, sensitive
    • Credit card funding: None
    • Monthly fees: $20, avoidable
    • Early account termination fee: None
    • Household limit: One
    • Expiration date: February 27, 2024

    The Offer

    Direct link to offer

    • Commerce Bank is offering a $300 checking bonus when you open a new checking account:
      • New checking customers: Use promo code DO-NMLE1123.
      • Open a new Commerce Free Checking account by February 27, 2024.
      • Make 10 debit card purchases within 60 days of account opening.
      • Have at least $300 in your account at the end of nightly processing, 60 days after account opening.

    The Fine Print

    • This offer is not intended for the general public. Limited-time offer. Offer and promo code are not transferable and is only valid for recipients of mailed offer. This offer cannot be combined with any other checking offers or promotions. Only one offer per household. Name and address on new account must match the mail piece to be eligible for the bonus.

       

    • To qualify for the $300 bonus: a) You must provide the promo code above at the time of account opening; b) Your new Commerce Free Checking account must be opened by February 27, 2024 and funded within 30 days; c) You must complete at least 10 purchases using your associated debit card within 60 days of account opening. ATM withdrawals, pending transactions and withdrawals at a branch using your debit card are not qualifying transactions; d) Account must have a balance of at least $300 after all transactions, fees and charges have been applied at the end of nightly processing, 60 days after account opening; and e) You must be a new checking customer, meaning one who has not owned a Commerce Bank checking account in the 12 months prior to account opening. We will determine whether all requirements for the bonus have been met, 60 days after account opening. If you have completed all the above requirements and your account remains open, your bonus will be paid approximately 90 days after account opening, by crediting your Commerce Free Checking account. Maximum total bonus $300. The bonus will be reported as interest to the IRS. Commerce Bank reserves the right to determine eligibility for offer using Commerce Bank’s records. Offer may be revoked, restricted, or changed at any time at Commerce Bank’s sole discretion. Annual percentage yield 0.00%. Fees could reduce earnings on the account.
    • 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 obviously has no fees to worry about ($200 bonus). Commerce Relationship ($500 bonus) has a $20 monthly fee. This is waived if you do any of the following: $5,000 average daily balance in this account OR $15,000 in combined deposit balances (checking, savings, money market, CD, and retail IRAs)

    Early Account Termination Fee

    According to this comment no early termination fee is charged.

    Our Verdict

    Looks to be a good bonus but unfortunately very restrictive and also very chex systems sensitive. Because of all that we won’t add this to our best bank bonus page.

    Useful posts regarding bank bonuses:

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    William Charles

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  • [MN] Blaze Credit Union $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [MN] Blaze Credit Union $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $150
    • Availability: MN
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Hard pull
    • ChexSystems: Unknown
    • Credit card funding: Up to $500
    • Monthly fees: None
    • Early account termination fee: Bonus forfeit, six months
    • Household limit: Unknown
    • Expiration date: 3.31.24

    The Offer

    Direct link to offer

    • Blaze Credit Union is offering a $150 checking bonus when you open a free checking account and complete the following requirements:
      • set up an Automatic Payment or Direct Deposit
      • Make a total of six Blaze debit card transactions (not including ATM transactions) within 60 calendar days from the date the account was opened

    The Fine Print

    • Offer valid to persons with no prior checking relationship with SPIRE, Hiway or Blaze Credit Union in the last 12 months. $100 minimum deposit required to open Blaze Free, Rox, Saints, Wild or Pathfinder Checking account.
    • To qualify for $150 offer, account holder must set up an Automatic Payment or Direct Deposit and make a total of 6 Blaze debit card transactions (not including ATM transactions) within 60 calendar days from the date the account was opened.
    • Account must remain open for six months.
    • $150 will be deposited to the checking account upon account opening.
    • If all requirements of offer are not met, Blaze reserves the right to reclaim the $150.
    • Account holder responsible for any applicable taxes. L
    • imited time offer valid 1.01.24 – 3.31.24. Subject to termination at any time. Other conditions and restrictions may apply.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees

    Early Account Termination Fee

    Account needs to be kept open for six months or bonus will be forfeit.

    Our Verdict

    Blaze is a combination of HiWay & SPIRE credit union, we have covered them in the past. You won’t be eligible if you’ve had an account with either in the past. Bonus seems pretty good as a direct deposit isn’t required. It is a hard pull but we will add it to the best bank account bonuses.

    Useful posts regarding bank bonuses:

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    William Charles

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  • [Santa Clara County, CA only] Commonwealth Central Credit Union $100 Referral Checking Bonus – Doctor Of Credit

    [Santa Clara County, CA only] Commonwealth Central Credit Union $100 Referral Checking Bonus – Doctor Of Credit

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    Update 1/14/23: Deal is back, this time a $100 referral for both sides. Feel free to share your referrals in the comments below.

    Update 9/11/22: Deal is back. Hat tip to alopez14

    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: Santa Clara County CA only
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Hard pull
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Commonwealth Central Credit Union is offering a $100 bonus to both sides when using a referral when you open a new checking account and complete the following requirements:
    • Account also earns 2% APY on balances up to $20,000 when you meet the following requirements:
      • Make 15+ transactions with your debit card and/or Visa credit card
      • Have direct deposit or ACH deposit transactions totaling at least $300
      • Receive eStatements

    The Fine Print

    • Membership in CommonWealth is required.
    • Offer applies to new checking accounts only.
    • Subject to $100 fee for closing checking account within 6 months.
    • All new accounts will be verified by Chex Systems.
    • Cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT.
    • Offer is subject to cancellation without notice and cannot be combined with any other offer. Promotion code: SUMMER
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees as long as you opt out of paper statements.

    Early Account Termination Fee

    Wasn’t able to find a fee schedule so unsure is there an early account termination fee or not.

    Our Verdict

    Not the most attractive bonus as it’s a hard pull, but given there are no requirements this is worth doing for some people. The 1.5% APY rate isn’t that attractive given the requirements.

    Useful posts regarding bank bonuses:

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    William Charles

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  • [FL] First Federal Bank $400 Business Checking Bonus – Doctor Of Credit

    [FL] First Federal Bank $400 Business Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $200 or $400
    • Availability: FL only
    • Direct deposit required: No
    • Additional requirements: Deposit and maintain $5k or $10k for 60 days
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: Avoidable
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • First Federal Bank is offering a business checking bonus of up to $400:
      • Earn $200 with a $5,000 opening deposit or $400 with a $10,000 opening deposit
      • Balance must be maintained for 60 days

    The Fine Print

    • $400 Checking Bonus limited to new business customers who deposit at least $10,000 or more of new money into a business checking account at time of opening. Balance must be maintained for at least 60 days to qualify.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Keep a $1,500 daily balance or $15,000 loan relationship to waive the service charge. Use eStatements, save $2 per month

    Early Account Termination Fee

    I wasn’t able to find a fee schedule.

    Our Verdict

    Seems like an easy bonus worth doing and a much better return than current high yield savings accounts.

    Useful posts regarding bank bonuses:

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    William Charles

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  • American Express Business Checking 50,000 Membership Rewards Points Bonus – Doctor Of Credit

    American Express Business Checking 50,000 Membership Rewards Points Bonus – Doctor Of Credit

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    Update 1/7/24: Offer is back now with 50k at this link through 3/31/24 (this is close to the best offer we’ve seen at 60k which expired a year ago). Hat tip to reader roboat

    Update 11/7/23: You no longer need to be an American Express credit cardholder to be eligible for this account.

    Offer at a glance

    • Maximum bonus amount: 50,000 membership rewards
    • Availability: Nationwide
    • Direct deposit required: None
    • Additional requirements: $5,000 deposit; 10 transactions
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None listed
    • Expiration date: 12/12/2023

    The Offer

    Direct link to offer | New link

    • American Express is offering a bonus of 50,000 Membership Rewards points when you open a new business checking account and complete the following requirements:
      • Deposit $5,000 within 30 days of account opening
      • Maintain an average balance of $5,000 for 60 days after account opening
      • Make 5 or more qualifying transactions within 60 days of account opening (qualifying transactions are mobile deposits, and electronic/online transactions including ACH, Wire, and Bill Payments)

    The Fine Print

    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    • This account has no monthly fees to worry about.
    • There is no early account termination fee mentioned.
    • Incoming and outgoing ACHs are free, and incoming international ACHs are free. Incoming domestic wires are free. Outgoing domestic wires cost $20 each.
    • Foreign Transaction Fee (Foreign Purchases & ATM Transactions): 2.7% of the amount of each transaction after conversion to US dollars

    Our Verdict

    Previous best bonus was 60,000 points, if you missed out on that bonus then this is worth doing as I’m not sure we will see that come back anytime soon. Don’t think you can do this bonus if you’ve done the personal bonus either. We will add this to our best bank bonus page.

    Useful posts regarding bank bonuses:

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    William Charles

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  • Service Credit Union $100 Checking Bonus – Doctor Of Credit

    Service Credit Union $100 Checking Bonus – Doctor Of Credit

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    Update 12/21/23: Deal is back. This time requires a reoccurring direct deposit of $300+ for at least two months. Might be worth waiting for the offer with no direct deposit to return.

    Update 3/23/22: Terms no longer state that it’s only valid for residents of New Hampshire or Falmouth, Massachusetts. Hat tip to reader Sue

    Update 4/23/21: Terms now state: Offer valid to new residents of New Hampshire or Falmouth, Massachusetts only and subject to change or be discontinued without notice

    Offer at a glance

    The Offer

    Direct link to offer

    • Service Credit Union is offering a bonus of up to $100 when you open a new Everyday or Dividend checking account.

    The Fine Print

    • Must be a member of Service Credit Union with at least $5 in a primary savings account and open a new Everyday or Dividend Checking account with a minimum initial deposit of $100 to qualify for the $100 bonus.
    • $50 will be immediately deposited into your account at account opening.
    • Additional $50 deposit will be awarded within 60 days after completion of 10 debit card transactions.
    • Debit transactions must be point of sale purchase and made within 30 days after account opening.
    • Withdrawal and/or deposit does not qualify.
    • A 1099-INT will be issued for the cash on your behalf as income.
    • Cannot be combined with any other checking offers.
    • Offer subject to change or be discontinued without notice.

    Avoiding Fees

    Monthly Fees

    The everyday checking account has no monthly fees to worry about.

    Early Account Termination Fee

    I wasn’t able to find any early account termination fee in the fee schedule.

    Our Verdict

    Previously they offered a $100 referral bonus for both parties, but that required a direct deposit. I doubt we will see that offer return and unless you were getting a friend or family member to refer you then this $100 bonus is effectively the same but easier to meet the requirements for. Worth doing if you didn’t do the other bonus already, will add this to our best bank bonus page.

    Hat tip to reader Eric

    Useful posts regarding bank bonuses:

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    William Charles

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  • [CA only] First Entertainment Credit Union $300 Bonus, No Direct Deposit Required – Doctor Of Credit

    [CA only] First Entertainment Credit Union $300 Bonus, No Direct Deposit Required – Doctor Of Credit

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    Update: Comments say you might need to be member of local 695.

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: Who live, regularly work, currently attend school, or currently worship in Los Angeles County, California, as well as eligible businesses and/or other legal entities in Los Angeles County, California
    • Direct deposit required: No
    • Additional requirements: See below
    • Direct deposit required: None
    • Additional requirements: None
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Up to $500
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None
    • Expiration date: December 31, 2023

    The Offer

    Direct link to offer

    • First Entertainment Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
      • Use promo code NEWMEMBER2023
      • Make $1,000 in debit card purchases
      • Enroll in eStatements

    The Fine Print

    • Eligibility requirements apply, and all must be met by the 90th day of account opening to qualify for up to $600 bonus.
    • Offer available to new members joining First Entertainment Credit Union between January 3, 2023 and December 31, 2023, using promo code NEWMEMBER. A new member is defined as having no previous relationship with First Entertainment Credit Union.
    • Limited to a maximum $600 total bonus per member.
    • Accounts must be open for at least 90 days, active, and in good standing to receive bonus payout(s) (not in default, closed, inactive, or otherwise “not in good standing”).
    • Bonus(es) will be distributed within 30 days following the program requirements and the 90 days qualification period.
    • Bonus(es) will be considered dividends and may be reported on IRS form 1099-INT.
    • First Entertainment Credit Union employees and business accounts are not eligible for this offer.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    First500 savings  & value checking account has no monthly fee to worry about

    Early Account Termination Fee

    I didn’t see any mention of an early account termination fee in the fee schedule.

    Our Verdict

    Previous best was $100. This is a much better deal and still no direct deposit required.

    Hat tip to Looney Tunes

    Useful posts regarding bank bonuses:

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    William Charles

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