Tag: direct deposit required

[CA only] Sacramento Credit Union $200 Checking Bonus – Doctor Of Credit
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Update 10/12/24: Bonus is back at $200.

Update 11/29/22: Bonus now $200.

Update 7/24/21: Available again, no end date listed. Hat tip to reader Pang.

Update 8/16/20: Deal is back through August 27th with promo code SAVE.

Offer at a glance

Maximum bonus amount: ~~$150~~ $200

Availability: Any and all persons who live or regularly work in El Dorado, Placer, Sacramento, Solano, Sutter, Yolo and Yuba Counties, California, as well as any and all businesses, corporations, and/or other legal entities in the aforementioned counties

Direct deposit required: Yes, no minimum specified

Additional requirements: None

Hard/soft pull: Soft, report of hard pull

ChexSystems: Unknown

Credit card funding: Yes, up to $500

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: ~~August 24th, 2018 August 27, 2020~~ December 31, 2024

The Offer

Direct link to offer

Open a new Sacramento Credit Union free checking account and receive a bonus of $200 when you receive a direct deposit within 60 days of account opening.

The Fine Print

Existing Sacramento Credit Union checking account holders are ineligible for the $200 bonus. Direct Deposit (electronic transfer for payroll, pension or government benefits) must post to new checking account by day 60 after account opening.

A $200 bonus will be deposited into the new free checking account on the first business day after 60 days of the account opening.

Bonus is considered interest and will be reported on IRS form 1099-INT.

Offer valid through December 31, 2024.

Avoiding Fees

You need to pay a $5 fee to join.

Monthly Fees

The free checking account required has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.

Our Verdict

Not a huge bonus, but better than the previous $100 deal they have had. The small amount of credit card funding and the fact that there is no monthly fees to worry about is nice. I’ll be adding this to our list of the best checking account bonuses.

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

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William Charles

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October 12, 2024
[MA, NH, ME, RI, CT, VT] Country Bank $400 Checking Bonus – Doctor Of Credit
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Update 10/5/24: Deal is back and now $400 instead of $200. Hat tip to James

Update 5/2/24: Deal is back again.

Offer at a glance

Maximum bonus amount: $400

Availability: MA, NH, ME, RI, CT, VT

Direct deposit required: Yes, $500+ for three consecutive statement cycles

Additional requirements:

Hard/soft pull: Unknown

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

Country Bank is offering a $400 bonus when you open a new checking account and complete the following requirements for three months:

At least 12 debit card purchases, post and settle;

At least 1 (one) of the following types of transactions: direct deposit, ACH payment, or bill pay transaction(s), post and settle;

Be enrolled in and have agreed to receive e-statements rather than paper statements.

The Fine Print

To be eligible for the Kasasa Cash Back Checking promotional offer you must be at least 18 years of age, and not have owned a Country Bank checking account within the last 180 days. Limited to one offer per person as identified by Social Security Number (SSN).

Requirements to receive the Bonus offer:

Open a Kasasa Cash Back Checking account in-person or online starting April 1st, 2023.

At account opening, you must set up and maintain a direct deposit to your new Kasasa Cash Back Checking account totaling at least $500 per statement cycle, for three (3) consecutive months. Qualifying direct deposits are regular, periodic automated clearing house (ACH) credits, which may include payroll, salary, pension or government payments (such as Social Security). Payments through the Real-Time Payments (RTP) network, and payments through peer-to-peer networks such as PayPal, Zelle, Venmo or others do not qualify as direct deposits. Transfers from another Country Bank deposit account do not qualify.

Bonus Offer Payout:

Your account will be credited within 120 days of bonus requirements being met.

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

I wasn’t able to find a fee schedule so unsure if there is an EATF.

Our Verdict

Better than the previous $150 checking bonus we’ve seen. We need to know if it’s a hard or soft pull.

Hat tip to Bockrr

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William Charles

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October 5, 2024
[MO, KS only] Hawthorn Bank $300 Checking Bonus – Doctor Of Credit
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Update 9/29/24: Deal is back and valid until December 31, 2024.

Update 1/31/23: Deal is back and valid until December 31, 2023. Hat tip to reader Gadget

Offer at a glance

The Offer

Direct link to offer

Hawthorn Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:

Use promo code 2024Cash300

Set up at least two direct deposits totaling $500 or more to your new account within the first 90 days of account opening

The Fine Print

Offer is not available to existing Hawthorn Bank checking customers.

To receive the bonus: 1) Open a new qualifying checking account, which is subject to approval; AND 2) Have two or more direct deposits totaling at least $500 made to this account within 90 days of account opening.

Deposit accounts must be opened by December 31, 2022 when offer expires.

Qualifying personal checking accounts include any Hawthorn Bank checking account except Opportunity Checking and Opportunity First Step Checking. Checking accounts may be opened with a $25 deposit. Qualifying savings accounts include Personal Savings, More Savings or Vacation Savings Accounts. Qualifying savings accounts must be opened within 60 days after the new checking account is opened in order to qualify for the $25 bonus.

After the full 90-day qualification period, qualifying customers will receive a direct deposit of $300 (and an additional $25, for those who opened and maintain a savings account in good standing) to their checking account within 2-6 weeks of the qualifying period end date. Please mention this offer or use the offer code CASH300 in order to receive this incentive. Offer expires 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

They offer a free checking account (this does have a $3 fee if you don’t opt in for paperless statements( and also an account that offers 3.01% APY.

Early Account Termination Fee

$25 fee is charged if the account is closed within 30 days of opening according to the fee schedule.

Our Verdict

There is a $150 business referral bonus as well. Requirements for this bonus are easy to meet and there is some nice credit card funding as well. Will add this to our best checking bonuses.

Hat tip to reader Curm

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William Charles

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September 29, 2024
[Ridgecrest, CA In Branch] AltaOne Federal Credit Union ($650 Business Checking & $250 Personal Checking) – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $650 business checking, $250 personal checking

Availability:

Ridgecrest – Corporate Branch, 701 S. China Lake Blvd, Ridgecrest CA 93555

Ridgecrest – North Branch, 1450 N. Norma St, Ridgecrest CA 93555

China Lake – Base Branch, 1115 King Ave, Ridgecrest CA 93555

Direct deposit required: Yes, $250+

Additional requirements: Five debit card purchases

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: Unknown

Early account termination fee: Unknown

Household limit: None

Expiration date: 10/31/2024

The Offer

Direct link to offer

AltaOne Federal Credit Union is offering both a personal and business checking account.

Open a Personal Checking Account and get $250

maintain the account in good standing for three consecutive monthly statement periods

fulfill minimum activity requirements each month during the maintenance period, which include

receiving a minimum of $250 in direct deposits credited to the account and using the associated debit card for at least five PIN or signature-based transactions

Open a Business Checking Account and get up to $650

$250 Business Checking;

$300 Business Checking Plus;

$400 Business Analysis Checking;

$650 MSB Analysis Checking

The Fine Print

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

Avoiding Fees

Monthly Fees

I couldn’t tell what the monthly fees on the accounts were.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is an early account termination fee.

Our Verdict

Highly location restricted, but might be worth doing if you live in the area.

Hat tip to ShawntheShawn

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William Charles

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September 28, 2024
[CA & TX only] Premier America Credit Union $100 Checking Bonus – Doctor Of Credit
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Update 9/28/24: Now requires a Premier Plus checking account. This has no monthly fee. Hat tip to reader snailrock

Offer at a glance

Maximum bonus amount: $100 for both parties

Availability: Locations in California & Texas [Branch locator]. In branch only (maybe not)

Direct deposit required: Yes, $200+

Additional requirements: See below

Hard/soft pull: Soft (make sure you opt out of overdraft protection)

ChexSystems: Unknown

Credit card funding: Yes, varies by product (at least $500)

Monthly fees: None

Early account termination fee: None

Household limit: None mentioned

Expiration date: December 31, 2021

The Offer

Direct link to offer

Premier America Credit Union is currently offering a $100 checking bonus when you open a new checking account and receive a direct deposit of $200 or more

The Fine Print

$100 Head Start Savings Bonus is a promotional offer available 09/07/21 – 12/31/21.

Monthly ACH Direct Deposit (minimum $200) must be added to account in first 45-days from account opening to qualify. Offer subject to change or end without notice.

A deposit of $5 into a Smart Savings account is required to join Premier America Credit Union.

For businesses, a deposit of $250 into a Business Savings account is required to join Premier America Credit Union. Federally Insured by NCUA.

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

I wasn’t able to find an early account termination fee in their fee schedule.

Our Verdict

Previously they offered a $100 referral bonus for both parties, but that didn’t require a direct deposit. That was a great offer, but hasn’t been back since 2018. Because of that I think if you’re interested in this offer I think it’s worth doing. We will add this to our list of the best bank account bonuses.

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William Charles

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September 28, 2024
[MI only] MSUFCU $250 Checking Bonus + $250 Savings Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $500

Availability: Michigan only, maybe nationwide?

Direct deposit required: Yes, $1,000+

Additional requirements: None

Hard/soft pull: Soft pull

ChexSystems: Unknown, sensitive

Credit card funding: None

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: 10/31/24

The Offer

Direct link to offer

MSU Federal Credit Union is offering a $250 checking bonus when you open a new checking account and complete the following requirements:

Open a Money Market Checking

Must have two consecutive electronic deposits each with a minimum deposit of $2000

Must maintain balance of $2000 for 60 days after account opening

Complete 10 transactions within 30 days of account opening

You’ll receive a $250 bonus to kickstart your savings when you open the account with at least $25,000. Must maintain balance for 60 days

The Fine Print

Offer valid 09/01/24 to 10/31/24.

To receive $100 bonus, member must open a Totally Green Checking Account and set up direct deposit from their employer or Social Security.

Must have two consecutive electronic deposits each with a minimum deposit of $1000.

To receive $250 bonus, member must open a Money Market Checking account and set up direct deposit from employer or Social Security. Must have two consecutive electronic deposits each with a minimum deposit of $2000.

Must maintain balance of $2000 for 60 days after account opening.

For both offers, first direct deposit must be set up and funded into member's MSUFCU checking account by 10/31/24 and member must complete 10 transactions within 30 days of account opening. Bonus of either $100 or $250 will be deposited to the member's Cashback+ wallet within 90 days of promotion end date. Not valid for members with existing or previously closed checking accounts.

Not valid for funds already on deposit with MSUFCU. Bonus may be taxable and reported on an IRS Form.

Members who do not currently have an Insured Money Management Account (IMMA) and open an IMMA with a minimum deposit of $25,000 and maintain a balance of at least $25,000 for 60 days will receive $250 bonus.

IMMA must be opened and funded by 10/31/24. IMMA Tier 1 Annual Percentage Yield 1.30% for minimum balance of $2000 as of 8/26/24.

Rate subject to change.

Bonus of $250 will be deposited to a 1-Year Add-On Certificate within 45 days of promotion end date. Not valid for funds already on deposit with MSUFCU.

Offers cannot be combined. Not valid for business or youth accounts.

Bonus may be taxable and reported on an IRS Form.

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

Avoiding Fees

Monthly Fees

$5 fee if the account has less than $2,000 in it.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not.

Our Verdict

Not clear if this is just restricted to that single branch that is opening or not.

Hat tip to ShawntheShawn

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William Charles

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September 22, 2024
[OH] Buckeye State Credit Union $300 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $300

Availability: Buckeye State Credit Union is a financial services provider with branches currently located in Akron, Shaker Heights, Canton, Alliance, Hartville, and Mansfield, Ohio. Buckeye State was founded in 1933 as Akron Postal Employees Credit Union and eventually evolved into the credit union it is today which serves a field of membership that includes: Lake, Cuyahoga, Summit, Stark, Wayne, Ashland, Medina, and Richland counties.

Direct deposit required: Yes, $750+

Additional requirements: None

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None

Expiration date: 10/31/24

The Offer

Direct link to offer

Buckeye State Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:

Have a direct deposit post to the account within 90 days of account opening of at least $750

The Fine Print

Bonus will be paid out by January 29, 2025

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.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF or not.

Our Verdict

If anybody sign ups then please share your experiences in the comments below.

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William Charles

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September 22, 2024
[NY & CT only] Ridgewood Savings Bank $300 Checking Bonus – Doctor Of Credit
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Offer at a glance

The Offer

Direct link to offer

Ridgewood Savings Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:

Receive $300+ in qualifying and recurring direct deposits

The Fine Print

Bonus Offer is available from September 9, 2024, through December 16, 2024 (“Promotion Period”) for consumers who (a) do not currently hold a Ridgewood checking account either personally or as joint owner, (b) did not have a Ridgewood checking account either personally or as joint owner in the three-month period prior to opening the required account under this offer, and (c) open a new personal checking account during the Promotion Period that satisfies the applicable offer criteria set forth below (an “eligible customer”).

Customer(s) must be an eligible customer and meet all existing checking account qualification requirements to qualify for this offer and must maintain a checking account in accordance with the Bank’s account terms, conditions and Disclosure of Service Charges.

Minimum of $300 or more in qualifying and recurring direct deposits to be eligible for the bonus.

The $300 bonus earned in accordance with the requirements of this offer will be credited to the new checking account within 180 days from account opening.

The first direct deposit must be made within 90 days and the last qualifying direct deposit must be received within 150 days of new checking account opening date.

Each eligible customer may only receive one bonus award.

This offer cannot be combined with any other offer.

Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security). Person-to-person and bank transfers between your Ridgewood Savings Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.

Payments received for goods sold do not qualify. The value of the bonuses paid under this promotion is considered interest, and Ridgewood Savings Bank will issue an IRS Form 1099-INT or other appropriate form.

Offer may be withdrawn or modified at any time without notice.

Ridgewood Savings Bank employees and immediate family members are not eligible to participate in 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

Free green checking has no monthly fees to worry about.

Early Account Termination Fee

I couldn’t find any mention of an early account termination fee in their fee schedule, so I’m going to assume there isn’t one.

Our Verdict

Been awhile since we have seen a bonus from Ridgewood, last time it was $250-$350 but the requirements were more difficult and harder to keep fee free. This bonus seems relatively easy especially considering it’s for $300. Added to the best bank bonus page.

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William Charles

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September 21, 2024
[NJ & PA] Parke Bank $450 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $450

Availability: To be a resident of New Jersey or select Eastern Pennsylvania counties (the zip code provided in your application will receive an error stating “Zip code is not valid for this application” in the event that your zip code is not in an approved area).

Direct deposit required: Yes, $500+

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: $7, avoidable

Early account termination fee: 12 months for the full bonus

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

Parke Bank is offering a $500 bonus when you open a new checking account. Bonus broken down as follows:

Open this special checking account and receive $250 after having two qualifying direct deposits totaling $500 or more post to your account within 90 day

On the one-year anniversary of the account (with at least two additional qualifying direct deposits), you will be eligible for an additional $250

The Fine Print

Minimum deposit to open account is $1,000. If the minimum daily balance falls below $1,000 a $7.00 per month service fee will be charged, and the customer will not be eligible for the $250 bonus.

New money only.

(Funds not on deposit with Parke Bank within the last 30 days.)

A qualifying direct deposit is defined as a recurring direct deposit (paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or outside agency). Funds that do not qualify are credit card payments, cash advances, wire transfers, person-to-person transfers and deposits made at an ATM or physical branch.

Product is a non-interest-bearing checking account.

Offer may be discontinued, extended or changed at any time.

This product is only for personal accounts.

Business Accounts are not eligible for this promotion.

Parke Bank employees and families of employees are not eligible for this offer.

Limit of one bonus per customer.

Your account must remain open to receive this bonus.

Bonus will be credited within 30 days after all conditions have been met.

All account applications are subject to approval.

As stated in the Deposit Account Agreement, accounts with a zero balance may be closed, by the Bank, without prior notice.

The value of the bonus is considered taxable income. Please consult with your tax advisor.

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 a $7 monthly fee, this is waived if you have a balance of $1,000+.

Early Account Termination Fee

As far as I know there is no EATF. But account does need to be kept open for 12 months.

Our Verdict

Previously there was a bonus that was $20 per month. This is better as it doesn’t need to be opened in branch and you can get the full bonus quicker as well. We will add this to our list of the best checking bonuses.

Hat tip to ShawntheShawn

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William Charles

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September 14, 2024
[CA] Frontwave Credit Union $200 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount:$200

Availability:Must Live, work or worship in either San Diego, Riverside or San Bernardino counties

Direct deposit required: Yes, $250+ within 60 days

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: None/cash advance in branch

Monthly fees: None

Early account termination fee: Six months, bonus forfeit

Household limit: None

Expiration date: 9/30/24

The Offer

Direct link to offer

Frontwave Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:

Use promo code NEW200

Deposit a minimum of $100 into Checking and deposit a minimum of $5 into Savings at account opening

Sign up for eStatements within the first 60 days of account opening

Conduct a minimum of 30 VISA debit card transactions within the first 60 days of account opening

Have one or more direct deposit(s)/ACH(s) or other deposits totaling a minimum of $1,000 must be made into new Savings or Checking account within 60 days of account opening

The Fine Print

To receive $200 checking bonus, members must meet the following requirements: 1) Open a new Frontwave Primary Checking account with a VISA debit card and Savings account; 2) Deposit a minimum of $100 into Checking and deposit a minimum of $5 into Savings at account opening; 3) Sign up for eStatements within the first 60 days of account opening; 4) Conduct a minimum of 30 VISA debit card transactions within the first 60 days of account opening; and 5) Have one or more direct deposit(s)/ACH(s) or other deposits totaling a minimum of $1,000 must be made into new Savings or Checking account within 60 days of account opening. After all requirements are met, the $200 checking bonus will be deposited into the Savings account as a dividend adjustment within 120 days of account opening.

To receive a $50 loan bonus, members must meet all requirements above and fund an auto or a credit card loan within 60 days of the Checking and Savings account opening.

After funding, the $50 loan bonus will be deposited into the Savings account as a dividend within 120 days of account opening

. All bonuses are subject to tax reporting.

Limit one $200 checking bonus and one $50 loan bonus per unique Social Security Number per 12-month period. Refer a Friend To receive the $100 referral reward, the referring member must have an existing Frontwave account in good standing.

The referral reward will be deposited into the referrer’s account once the new member opens a Checking and Savings account on the same day.

Rewards subject to tax reporting.

Offers valid for new deposit accounts, loans, and referral accounts opened between 7/1/24 and 9/30/24.

Reward not available to Frontwave employees.

Limited time offer: program subject to change without notice.

Membership and credit subject to credit approval. Other restrictions may apply, see the website for more details.

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

If the account is closed within six months the bonus is forfeit

Our Verdict

Previous best bonus was $100. You can open online now as well which is nice.

Hat tip to John C

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William Charles

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September 9, 2024
[CA only] Credit Union of Southern California $150 Checking Bonus – Doctor Of Credit
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Update 9/7/24: Deal is back and is now $150. Requires 24 debit card transactions. Hat tip to reader Davis

Offer at a glance

Maximum bonus amount: $150

Availability: CA. Orange, Los Angeles, Riverside, or San Bernardino Counties

Direct deposit required: Yes, $750+

Additional requirements: None

Hard/soft pull: Unknown

ChexSystems: Yes, sensitive

Credit card funding: Unknown

Monthly fees: $5

Early account termination fee: Unknown

Household limit: None

Expiration date: June 30, 2024

The Offer

Direct link to offer

Credit Union of Southern California is offering a checking bonus of $150 when you complete the following requirements:

Receive a direct deposit of $750+

Within 90 days, use your Visa® Debit Card for 24 qualified purchases

The Fine Print

Offer valid May 1 through June 30, 2024, and is subject to change without notice. Valid only with new Members.

New Members are defined as a person 18 and older who has never been an owner of an account at CU SoCal.

All new accounts will be verified by ChexSystems® and are subject to approval and Membership eligibility.

To qualify for the $100 cash bonus, the new Member must open a Rewards Checking Account and receive a minimum monthly direct deposit of $750 within 60 days from establishing Membership.

Cash bonus will be credited to Members’ CU SoCal deposit account within 90 days from the date the new Member established their Membership. Cash bonus may be subject to tax reporting.

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

Avoiding Fees

Monthly Fees

Rewards checking account has a $5 monthly fee, doesn’t seem to be avoidable.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF or not.

Our Verdict

Not really worth it as it’s a small bonus and there is also a monthly fee to consider.

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William Charles

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September 7, 2024
[TX Only] Texas Trust Credit Union $100-$500 Checking Bonus – Doctor Of Credit
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Update 9/7/24: Valid until 12/31/2024.

Offer at a glance

Maximum bonus amount: $500

Availability: TX only. You must (or be a family member of a person) live, work or worship in one of the following counties: Dallas, Tarrant, Henderson, Ellis (Midlothian), Johnson, Denton (Flower Mound), or Tom Green (San Angelo)

Direct deposit required: Yes, $3,000-$10,000+

Additional requirements: See below

Hard/soft pull: Hard pull

ChexSystems: Unknown

Credit card funding: None

Monthly fees: $10, avoidable

Early account termination fee: 180 days, bonus forfeit

Household limit: None listed

Expiration date: July 31, 2024

The Offer

Direct link to offer

Texas Trust Credit Union is offering bonus of up to $500. Bonuses are as follows:

With qualifying direct deposits totaling $3,000 within the first 90 days of account opening get $100

With qualifying direct deposits totaling $5,000 within the first 90 days of account opening get $300

With qualifying direct deposits totaling $10,000 within the first 90 days of account opening get $500

The Fine Print

Account holder must make 2 or more qualifying direct deposits totaling a minimum of $10,000 or more within 90 days of account opening to receive $500. Only new Bonus Checking account holders are eligible for this offer. Incentive Reward tiers are based on total qualified direct deposit amount. Account holder must deposit $3,000 to $4,999.99 to earn the $100 bonus, $5,000 to $9,999.99 to earn the $300 bonus or $10,000 or more to earn the $500 bonus.

Incentive Reward tiers cannot be combined. Eligible members will receive their incentive deposited into their Bonus Checking account within 30 business days after the 90-day period has lapsed. A qualifying direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer, or the government. Other electronic deposits or person-to-person payments, including but not limited to: Zelle, PayPal, cash, check, and ATM deposits are not considered a qualifying direct deposit for this offer. Accounts must be open and in good standing to receive incentive reward. Account must remain open for 180 days from account opening. Closing the account before the 180-day period may result in incentive reward being withdrawn. Incentive reward may be reported as interest earned on IRS form 1099-INT, and recipient is responsible for any applicable taxes. Offer limited to one member per account and may not be used for multiple bonus checking accounts. Offer and terms subject to change without notice. Offer expires July 31, 2024

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 a $10 monthly fee, this is automatically waived for the first two months.

Eigible fee discounts include:

Active debit card Use: $2 (Active Debit Card is 10 non-ATM Point-of-Sale transactions per month totaling at least $100);

Online Communication and Banking: $2 (must be actively enrolled);

Senior age 55+: $2 (discount applied beginning on month of primary member’s 55th birthday);

Public Servant: $2 (Public Servant is any full time employee of a local public or private school district, or municipality including city, county, state, or federal. Must present a recent check stub to qualify or a letter of intent for new employees. Must also fulfill other membership requirements);

Active Bill Pay Use: $1 (Active Bill Pay Usage is paying three or more bills through Texas Trust’s Online Bill Pay in the previous month);

Membership 5+ Years: $1 (The 5+ Year Membership discount is applicable if today’s date is greater than five years from the day the member initially opened their Texas Trust share account);

Direct Deposit: $1 (A direct deposit or mobile deposit [or any combination of the two] totaling $500 or more per month is required to earn the Direct Deposit discount.

Early Account Termination Fee

Bonus is forfeit if the account is closed within 180 days of account opening

Our Verdict

Keep this account fee free is basically impossible, but you do get the first two months fee free. You need to keep account open for 180 days so expect to pay 4-5 months of fees ($40-$50 but can be reduced somewhat). Unfortunately it’s also a hard pull and we don’t have data points on what works as a direct deposit. Might be worth it for the $300 and $500 tiers but too much hassle for the $100 tier.

Hat tip to reader Avi

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William Charles

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September 7, 2024
[CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL, In Branch] Citizens Bank $700 Checking & Savings Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $700

Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL

Direct deposit required: Yes, $500+

Additional requirements: See below

Hard/soft pull: Soft pull as long as you opt out of over draft protecton.

ChexSystems: Mixed data points

Credit card funding: None

Monthly fees: $9.99, avoidable

Early account termination fee: None

Household limit: None

Expiration date: 9/7/24

The Offer

Direct link to offer

Citizens Bank is offering a $700 bonus when you open a new checking & savings account. Bonus broken down as follows:

Open your first new personal checking account and set up and make at least one single direct deposit of $500 or more within 60 days of account opening

Open a savings account on the same day and earn a bonus of up to $600 (funds must be maintained until December 31, 2024):

$200 bonus: make a single or multiple deposits totaling $5,000

$400 bonus: make a single or multiple deposits totaling $10,000

$600 bonus: make a single or multiple deposits totaling $15,000

The Fine Print

To Earn Bonus: To earn a $100 Checking bonus, open your first new personal checking account between 8/30/24 and 9/7/24 and have at least one single direct deposit of $500 or more post into your new checking account within 60 days of account opening. To earn a Savings bonus, open your first new personal savings account on the same date as the above new checking account (direct deposit not required) and have the required minimum total deposit (with money not currently on deposit with Citizens) post into your new savings account within 10 days of account opening and remains on deposit until date stated in the table below. Deposits between $5,000.00-$9,999.99 will receive a $200 bonus, or deposits between $10,000.00-$14,999.99 will receive a $400 bonus, or deposits equaling $15,000 or more will receive a $600 bonus.

To earn the total bonus up to $700, you must qualify for both the Checking and one of the Savings bonuses noted above. Qualifications: Primary signer on the new checking and savings accounts may not be or have been a signer on any Citizens personal checking or savings account within the previous six months.

Your new account(s) must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.

Direct deposit is recurring income electronically deposited into your Citizens checking account and may include salary, pension, and other regular income. Certain forms of electronically deposited funds may not be considered eligible direct deposits, including those originating from peer-to-peer money transfer applications such as Zelle®, CashApp®, Venmo® or PayPal®. Eligibility: Customer will only be paid a one-time bonus for this program. Only one checking account and one savings account are eligible for a bonus.

Offers may be withdrawn without notice and cannot be combined with any other checking offer.

Offer eligibility is determined at Citizens’ sole discretion.

Payout: Bonus will be deposited to the new checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”. If your new checking account is closed prior to payout date stated in the table below, then your new savings account will also no longer be eligible for this offer.

Bonus will be reported to the IRS for income tax purposes.

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

Avoiding Fees

Monthly Fees

Need to sign up for online statements otherwise there is a $3 fee.

Citizens Bank One Deposit Checking Account $9.99 Monthly Fee

The One Deposit checking account comes with a $9.99 monthly fee. Fee is waived by making one deposit each statement period. (According to this comment they really do count any deposit – even a transfer from another Citizens Bank account will trigger this.)

Early Account Termination Fee

As far as we know there is no early account termination fee.

Our Verdict

Normally there is a $400 checking bonus, so this is an extra $300 if you max out the bonus. Basically need to tie the funds up for 3 months, if you put $15,000 into an account for 3 months that earned 5% you’d earn $187.5 so this bonus is worth doing if you can spare the $15,000 for that long. The smaller bonuses aren’t worth doing as you are better off sticking to the standard $400 checking bonus that is frequently available. We will add this to our list of the best bank account bonuses.

Hat tip to reader Alex

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William Charles

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September 2, 2024
[MA] Pittsfield Coop Bank $750 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount:

Availability: MA, Pittsfield/Hinsdale area

Direct deposit required: Yes, $500+ per month for six months

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: $15, avoidable

Early account termination fee: Unknown

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

Pittsfield Coop Bank is offering a bonus of $750 when you open a new checking account and complete the following requirements:

$750 bonus

Open an interest checking account with a $500 minimum

Set up direct deposits, a minimum of $500 each month for six months is required

Sign up for a Mastercard debit card and uChoose rewards

Make 25 debit card transactions in any combination of POS Signature (credit) or POS Pinned (debit) transactions during the cycle period

$500 bonus is the same but only requires 15 debit card transactions

The Fine Print

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 a $15 monthly fee. This is waived with any of the following:

$2,500 in all savings, checking, and money market accounts combined

15 debit card transactions and electronic deposits of $500 or more

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Doesn’t work out of state. My reading is that the debit card transaction requirement is each statement cycle but others might disagree. If anybody signs up please share if it’s a hard or soft pull.

Hat tip to reader Gorb

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William Charles

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August 31, 2024
[NY, Greenpoint Branch] Apple Bank $300 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $300

Availability: NY, Greenpoint Branch

Direct deposit required: Yes, $500+ per month for two months

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: No

Monthly fees: None on Totally Free ExtraValue account

Early account termination fee: Unknown

Expiration date: None listed

Household limit: None, but one per person

The Offer

Direct link to offer

Apple Bank is offering a $300 bonus when you open a new checking account at the Greenpoint Branch and complete the following requirements:

receive Qualifying Electronic Credit Transactions totaling at least $500 each month for two consecutive months

The Fine Print

The Greenpoint Choice Checking $300 Promotional Offer is valid from August 1-October 31, 2024. This promotional offer is only available to customers that do not have a consumer checking account at Apple Bank as of August 1, 2024.

Customer must open a Choice Checking account at the Apple Bank Greenpoint branch during the stated period, and the account must receive Qualifying Electronic Credit Transactions (“QECTs” such as pre-authorized ACH credit transactions, including direct deposit and electronically deposited funds originating from peer-to-peer money transfer applications, like Zelle, CashApp, Venmo or PayPal) totaling at least $500.00 each month for two consecutive months after account opening.

The first QECT(s) totaling at least $500.00 must be completed within 31 calendar days of account opening.

The second QECT(s) totaling at least $500.00 must be completed in the month following the completion of the first QECT(s) of at least $500.00.

After completing two consecutive months of QECTs of $500.00 or more, $300.00 will be credited to your Choice Checking account within 31 calendar days of the subsequent month following the completion of the required credit transactions.

To receive the $300.00, the qualifying Choice Checking account must not be closed or restricted at the time of payout.

Offer is limited to one per account, regardless of the number of Choice Checking accounts opened and/or joint tenants per account.

Employees of Apple Bank and their families 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

The Totally Free ExtraValue Checking has no monthly fee.

Early Account Termination Fee

Apple Bank does not make their fee schedule public, so we’re unable to check to see if they charge any early account termination fees.

Our Verdict

Might be an OK deal if you live near a branch. Better than the $100 bonus previously offered.

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William Charles

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August 31, 2024
[Northeastern PA only] Fidelity Bank $525 Checking Bonus – Doctor Of Credit
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Update 8/25/25: Deal is back active at $525. Hat tip to reader Gorb

Update 1/15/22: Deal is back, now $525.

Update 9/19/20: Deal is back, no end date listed. There is now a savings requirement as well. Hat tip to Gadget.

Update 4/20/20: Bonus increased to $500. Direct deposit required increased from $2,500 to $3,000 per month. eSatement and debit card transactions also added. Hat tip to reader Yo

Offer at a glance

The Offer

Direct link to offer

Fidelity Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements within 150 days of account opening:

Set up your account with direct deposits or recurring credits of $2,500 per month for three consecutive months

client is enrolled in EZ Statements and

15 point-of-sale debit card transactions per month are completed

Use your Fidelity Visa® Debit Card at qualifying merchants an additional 60 times over a 3 consecutive month period and earn $100

Open a new Fidelity Bank savings account at the same time with a minimum of $15,000 and earn an additional $200.

Open your new Fidelity Bank checking account online and earn $25

The Fine Print

Offer valid for new personal checking account customers only.

A $500.00 deposit will be made into your Fidelity Bank checking account when direct deposits or recurring credits of $3,000.00 per month are received for a minimum of three (3) consecutive months.

Requirement must be satisfied within one hundred and fifty (150) calendar days of account opening.

Deposit will be made on the first (1st) business day after one hundred and fifty (150) calendar days from account opening.

Minimum deposit to open a checking account may range between $25.00 and $1,000.00, minimum balance requirements and monthly service charges depend on which checking account is chosen.

Please consult your Fidelity Banker for specific product information. Minimum balance requirements and fees may reduce earnings.

The annual percentage yield (APY) for Performance Checking or Platinum Checking accounts is 0.05% if balance requirement of $2,500.00 is met. APY is current as of May 20, 2019 and may be rescinded or changed at any time.

Rates are variable and may change at any time.

Bonus will be reported on IRS Form 1099-Misc.

Cannot be combined with any other offer.

Customers may only receive one new checking account and savings account opening-related bonus per calendar year.

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

Avoiding Fees

Reliance Checking $7 Monthly Fee

This account is the easiest to keep fee free, the $7 monthly charged is waived if you do any of the following:

$1500 average daily balance OR

$400 aggregated monthly direct deposit

or ten (10) signature based Fidelity Visa® Check Card transactions

Early Account Termination Fee

There is a fee if closed within 180 days, but I’m unsure what this fee is.

Our Verdict

Previous best bonus was $200, that required a savings account but lower direct deposit/recurring credit. This new bonus is significantly better because the bonus is $400 and the direct deposit/recurring credit isn’t that difficult to meet. Because of that we will be adding this to our list of the best bank bonuses.

Hat tip to reader Jeff L

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William Charles

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August 25, 2024
[CA only] SAFE Credit Union $500 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $500

Availability: If you live or work in our geographic reach, we want YOU with us. Geographic Reach: Sacramento, Placer, El Dorado, Yolo, San Joaquin, Contra Costa, Solano, Yuba, Sutter, Butte, Nevada, Alameda, and Amador Counties.

Direct deposit required: Yes, $1,000+

Additional requirements: See below

Hard/soft pull: Hard pull (report of soft pull)

ChexSystems: Unknown, sensitive

Credit card funding: Up to $250

Monthly fees: $5, avoidable

Early account termination fee: None

Household limit: None listed

Expiration date: None

The Offer

Direct link to offer

Safe Credit Union is offering a bonus of $500 when you open a new Perfect Cents Checking and complete the following requirements within 60 days:

enroll in eStatements

receive $1,000+ in direct deposits

complete 30 debit card purchase transactions.

Open a Level Up Money Market account and earn $50. Within 30 days of account opening, have a minimum of $5,000 in your account.

The Fine Print

You can’t have a current or recently closed (past 12 months) SAFE checking account.

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

Avoiding Fees

Monthly Fees

To avoid the $5 monthly service fee, you must be enrolled in eStatements and you must have a minimum of 10 or more debit (and/or credit) card purchase transactions post each month or direct deposits totaling $500 or more per month.

Early Account Termination Fee

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

Our Verdict

Better than the $400 bonus that was previously offered. Hopefully it’s a soft pull now but even if it’s a hard pull I think it’s worth doing and will add it to the best bank bonuses.

Hat tip to reader Ryan H

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William Charles

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August 25, 2024
[Magnolia, TX In Branch] 5Point Credit Union $200 Checking Bonus – Doctor Of Credit
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Offer at a glance

Maximum bonus amount: $200

Availability: TX

Direct deposit required: Yes, no minimum

Additional requirements: See below

Hard/soft pull: Unknown

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

5Point Credit Union is offering a $200 bonus when you open a new checking account at the Magnolia branch and complete the following requirements:

Receive a direct deposit, no minimum mentioned

The Fine Print

200 cash bonus, loan rate discount, and CD rate bump limited to one per person.

Cash bonus requires a direct deposit from a payroll provider or government benefit.

The cash bonus will be deposited into the account within 45 days from the date the first direct deposit is posted.

Cash bonuses are considered taxable income by the IRS and will be reported on IRS Form 1099-MISC.

This limited-time offer begins July 15, 2024, and may be discontinued at any time without prior notice.

Insured by NCUA.

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

Avoiding Fees

Monthly Fees

Absolutely free checking 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

Should be able to ask in branch if it’s a hard or soft pull before opening the account.

Hat tip to reader Bockrr

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William Charles

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August 24, 2024
[FL] Community Credit Union Florida $300 Checking Bonus + $200 Savings Bonus – Doctor Of Credit
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Update 8/24/24: Deal is back and valid until November 1, 2024.

Update 5/25/24: Deal is back, there is also a $200 savings bonus now as well. Valid until August 2, 2024.

Offer at a glance

Maximum bonus amount: $300

Availability: Restricted to the following FL counties: Brevard, Polk, Osceola, Volusia, Orange, Indian River

Direct deposit required: Yes, $2,500+

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

Expiration date: April 26, 2024

The Offer

Direct link to offer

Community Credit Union Florida is offering a $300 checking bonus when the following requirements are met:

Open a new checking account with CCU Florida with promo code MK-$300Checking

Deposit $1,500 within 60 days of account opening.

Establish a monthly direct deposit of at least $1,500 for the next 90 days.

Sign up for free eStatements.

There is also a $200 savings bonus when the following requirements are met:

Open a new savings account with CCU Florida with promo code MK-$300Checking

Deposit a total of $15,000 or more into the new CCU Florida Share Savings account within 30 days of account opening.

Maintain a balance of $15,000 or more for 90 days.

Available for Membership Share Savings and Premium Share Savings only.

The Fine Print

The promotional code MK-$300Checking must be mentioned at time of account opening or entered as a promo code in the online application when applying online.

Checking offer is not available to existing CCU Florida checking account holders or those who have closed an account within the past 12 months.

Savings offer is not available to existing CCU Florida savings account holders and requires a new checking account be established to receive the savings bonus.

To receive the checking bonus, you must: 1) Open a new CCU Florida checking account, which is subject to approval; 2) Establish a monthly direct deposit of $2,500 or more into your account within 60 days of account opening and continue the monthly direct deposit of $2,500 or more into your account for 90 days. Direct deposit needs to be an electronic deposit of a paycheck, pension, or government benefits (such as Social Security) from your employer or the government. Transferring money from an outside account or using a person-to-person transfer through a service such as Zelle® are not considered a direct deposit; Incentive payout will be posted by the 5th of the month, following the 90 days after meeting the above requirements.

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 plus has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find the fee schedule to check for an EATF.

Our Verdict

Better than the previous $100/$125 bonus. It’s a shame it’s a hard pull but that is less of an issue for most people these days so we will add it to the best bank account bonus page.

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William Charles

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August 24, 2024
[Targeted] Cash App: Get Up To $300 Bonus When You Make Direct Deposit – Doctor Of Credit
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The Offer

Sent out via e-mail, also shows up in app

Cash app is offering a $300 bonus when you receive a direct deposit of $300+ in September & October

Our Verdict

Great deal if targeted, you can see what worked as a direct deposit before here. No guarantees that will work here though.
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William Charles

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August 23, 2024