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Tag: direct deposit required

  • [MI] Community Financial Credit Union $1,000 Checking Bonus – Doctor Of Credit

    [MI] Community Financial Credit Union $1,000 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    The Offer

    Direct link to offer

    • Community Financial Credit Union is offering of up to $1,000 checking bonus when you open a new checking account and set up direct deposit through February 2025:
      • $1,000 Bonus with monthly direct deposit of $10,001 or more
      • $500 Bonus with monthly direct deposit of $5,001 to $10,000
      • $300 Bonus with monthly direct deposit of $3,000 to $5,000

    Direct Deposit must start within 8 weeks of account opening and continue through February 2025.

     

    The Fine Print

    • Accounts must be opened by October 31, 2024. Direct deposits must be active within 8 weeks of account opening. Monthly direct deposit amounts must meet a tier’s minimum amount each month to qualify for the bonus. One bonus per member.
    • Open only to new checking account holders.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This is a free checking account has no monthly fees to worry about.

    Early Account Termination Fee

    According to the fee schedule there is a $15 fee if closed within 180 days.

    Our Verdict

    Great deal if you’re eligible for an account and have a large direct deposit to move over. The previous deal was for $750 without the high direct deposit requirements – see the comments on the prior posts to read experiences with the credit union. 

    Hat tip to reader killdozer

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    Chuck

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  • [AL, CT, D.C., MD, VA, WV, FL, NJ, NY, and PA Only] Valley National Bank $400 Checking Bonus ($20 Per Month) – Doctor Of Credit

    [AL, CT, D.C., MD, VA, WV, FL, NJ, NY, and PA Only] Valley National Bank $400 Checking Bonus ($20 Per Month) – Doctor Of Credit

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    Offer at a glance

    The Offer

    Direct link to offer

    • Valley National Bank is offering a sign up bonus of $400 when you open a new Valley All Access Checking+ and completing the following requirements:
      • Receive two or more qualifying direct deposits with a cumulative total of $7,500 or more within 90 days of account opening

    The Fine Print

    • Minimum to open is $100.
    • No monthly maintenance charge for 12 months from account opening.
    • After that, monthly maintenance charge of $15 will be incurred if daily balance of $99 is not maintained.
    • To receive the $400 reward, the account must receive two or more qualifying direct deposits with a cumulative total of $7,500 or more within the first 90 days from the date of account opening.
    • Qualifying direct deposits are defined as recurring payroll direct deposits or electronic deposits of pension or government benefits such as Social Security that are made by an employer or other payer using the account and routing numbers that you provide to them.
    • Transfers from one account to another, online or mobile banking deposits, or deposits made at a branch or ATM do not qualify as direct deposits.
    • This reward is being provided for the use of the product and services established.
    • The one-time $400 reward will be credited into your account within 30 days after: (1) the qualifying direct deposit requirement has been satisfied and (2) the account has been opened for a minimum of 90 days. Reward may be reportable as taxable income.
    • To be eligible for the cash reward, all account holders must have no other Valley personal checking accounts within the one-year period preceding the date of account opening.
    • The reward is limited to one per Valley All Access Checking+ account.
    • All subsequent checking accounts opened by the account holder(s) after the initial checking account will not be eligible for the promotional reward.
    • Offer may be withdrawn or modified without prior notice.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    $15 monthly fee:

    • Waived for first 12 months
    • After that, monthly maintenance charge of $15 will be incurred if daily balance of $99 is not maintained

    Early Account Termination Fee

    There is no early account termination fee.

    Our Verdict

    Unfortunately they are ChexSystems sensitive. This is a better offer than the $20 per month offered in the past. Worth doing if you have a low Chex count and maybe worth trying to do in branch with a higher count but I suspect most readers will be denied. We will add this to our best bonus page though.

    Hat tip to Bank Account Bryan

    Useful posts regarding bank bonuses:

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    William Charles

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  • [OH] TruPartner Credit Union $100 Checking Bonus – Doctor Of Credit

    [OH] TruPartner Credit Union $100 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: Hamilton County Ohio, Cincinnati Area
    • Direct deposit required: Yes, $500+
    • 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

    The Offer

    Direct link to offer

    • TruPartner Credit Union is offering a $100 bonus when you open a new checking account and complete the following requirements:
      • Use promo code: BONUS100
      • Set Up Direct Deposit: Arrange for a qualifying direct deposit of $500 or more
      • Complete (3) TruPartner Debit Mastercard transactions and
      • Maintain account opening for 60 days

    The Fine Print

    • Offer valid for new checking accounts.
    • Must set up a direct deposit of $500 or more within 60 days of account opening and complete (3) TPCU Debit Mastercard transactions.
    • Bonus will be credited to TPCU savings account within 60 days after completing the qualifying requirements.
    • Cash incentive is considered a bonus and may be subject to 1099 reporting.
    • TPCU does not offer tax advice; consult your tax advisor.
    • Not available to existing TPCU checking accounts and those whose accounts have been closed within the last 12 months.
    • Minimum $5 savings opening for membership.
    • Promo code: BONUS100
    • 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 was unable to find a fee schedule so unclear if there is any EATF.

    Our Verdict

    If anybody signs up please share your experiences below.

    Useful posts regarding bank bonuses:

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    William Charles

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  • [Louisville Only] Stock Yards Bank & Trust $200 Checking Bonus – Doctor Of Credit

    [Louisville Only] Stock Yards Bank & Trust $200 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    The Offer

    Direct link to offer

    • Stock Yards Bank & Trust is offering a $200 bonus when you open a new checking account and complete the following requirements:
      • Use promo code CHECKING200 at opening
      • At least ten (10) Point of Sale (POS) purchases of $5.00 or more
      • At least one (1) direct deposit or ACH payment must post and clear the account
      • Enrollment in eStatements

    The Fine Print

    • To be eligible, you must enter the referral code shown below when applying online, or mention this offer and referral code when applying in a branch.
    • To earn the $200 bonus the following activities must be completed within 90 days of account opening: At least ten (10) Point of Sale (POS) purchases of $5.00 or more must post and clear the account, at least one (1) direct deposit or ACH payment must post and clear the account, and enrollment in eStatements (online banking required).
    • Bonus will be credited 90 days after account opening if all requirements are met. Account must be open and in good standing at the time the bonus is paid.
    • Bonus will appear on your statement as a Promotional Rebate – The value of the bonus may be reported on the appropriate Internal Revenue Service (IRS) forms, and may be considered taxable income to you.
    • Please consult your tax advisor regarding your specific situation.
    • Offer available for accounts opened in the Louisville Market only.
    • Offer available to new consumer customers only; current customers are not eligible.
    • Offer limited to one bonus per household per calendar year.
    • Offer subject to change without notice and may be terminated or extended at any time.
    • Minimum deposit required to open account and is based on the type of account opened.
    • Some accounts have a minimum balance requirement to avoid a monthly service charge.
    • Speak to a banker for details.
    • Must open account by August 31, 2024.
    • 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

    Smart checking has a $5 monthly fee.

    • $2.50 rebate with eStatements
    • $2.50 rebate if one direct deposit OR electronic payment (ACH) posts during the statement cycle

    Early Account Termination Fee

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

    Our Verdict

    If anybody signs up please share if it’s a hard or soft pull in the comments below.

    Hat tip to Woody

    Useful posts regarding bank bonuses:

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    William Charles

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  • [AZ, AR, NM, TX] First National Bank of Texas: $250 Checking Bonus For Military + Family Members – Doctor Of Credit

    [AZ, AR, NM, TX] First National Bank of Texas: $250 Checking Bonus For Military + Family Members – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: Arizona, Arkansas, New Mexico, and Texas. Must be military or family member
    • Direct deposit required: Yes, $600+
    • Additional requirements: None
    • 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

    • First National Bank of Texas is offering a $250 bonus when you open a new Service 1 or Service 1 High Yield account and complete the following requirements:
      • Receive a Direct Deposit of at least $600 to your new Service 1 or Service 1 High Yield account within 45 calendar days of account opening. This must be a single ACH transaction and cannot be combined with other deposits and receive a $50 bonus
      • Receive another Direct Deposit of $600 within the 33 days leading up to your account’s six-month milestone, and we’ll credit another $50 into your account
      • Receive another Direct Deposit of $600 within the 33 days leading up to your account’s twelve-month milestone, and we’ll credit a final credit of $150 into your account

    The Fine Print

    • The amount of the Bonus up to $250 will be reported to the Internal Revenue Service (IRS).
    • Customers without a Social Security Number or Taxpayer Identification Number are not eligible to receive the Bonus.
    • Bonus Limitations: One (1) per Social Security Number or Taxpayer Identification Number; One (1) per Service 1 or Service 1 High Yield Account; new customer checking account relationships only.
    • Existing customers with a checking account relationship are ineligible to receive the bonus if their new checking account relationship has been opened for more than 34 calendar days.
    • Cannot be combined with any other offer. Bonus offer can be modified or withdrawn at any time 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

    None

    Early Account Termination Fee

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

    Our Verdict

    Annoying that you need to keep the account open for so long and keep direct deposits coming as well. Still probably worth doing if it’s a soft pull, if anybody goes for it share your experiences in the comments below.

    Hat tip to Celia

    Useful posts regarding bank bonuses:

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    William Charles

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  • [IA, WI, MN] Maxx: by Cedar Rapids Bank & Trust: $333 Checking Bonus – Doctor Of Credit

    [IA, WI, MN] Maxx: by Cedar Rapids Bank & Trust: $333 Checking Bonus – Doctor Of Credit

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    Update 7/30/24: Offer is showing again, but now states available to residents of Iowa, Wisconsin and Minnesota only.

    Bonus has now expired. They have stated the offer will be honored for those who applied before the terms changed and will look at opening it nationwide again once they have processed the backlog.

    Update: They changed the disclosure now: “Accounts available to residents of Iowa, Wisconsin and Minnesota only.” Hopefully no issues for those who already signed up.

    Offer at a glance

    • Maximum bonus amount: $333
    • Availability: Nationwide (Excludes California & Oregon)
    • Direct deposit required: Yes, $250+
    • Additional requirements: Yes, see below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: $5, avoidable
    • Early account termination fee: 90 days
    • Household limit: None listed
    • Expiration date: August 31, 2024

    The Offer

    Direct link to offer

    • Maxx: by Cedar Rapids Bank & Trust is offering a $333 checking bonus:
      • the account has been open a minimum of 30 days
      • a reoccurring ACH transaction has occurred
      • the debit card has been used
      • the account has a positive balance.

    The Fine Print

    • $333 bonus will be paid when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
    • Requirements must be met within the first six months.
    • New client cannot have closed a MAXX by Cedar Rapids Bank & Trust checking account within the previous 12 month period.
    • Only new checking account clients are eligible.
    • Cannot be combined with any other offer. Account must be active at the time the bonus is paid.
    • Promotion ends 8/31/24.
    • Bonus will be reported to the IRS as applicable.
    • Client will be responsible for any applicable taxes on the bonus. Consult 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 $5 monthly fee, this is waived if you receive eStatements (also a requirement for the bonus)

    Early Account Termination Fee

    There is an EaTF if closed within 90 days.

    Our Verdict

    So Cedar Rapids Bank & Trust recently launched this new digital brand to go national, everything is still backed by the brick and mortar business by also operating in all states now apart from California and Oregon. I wouldn’t be surprised to see this bonus pulled early when they see the influx of new accounts from this promotion so keep that in mind if interested (they did reach out to us to clarify that this is available nationwide though). We will add this to our list of the best bank account bonuses, especially as it seems according to the terms that a true direct deposit is not required.

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    William Charles

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  • U.S. Bank $450 + $100 Checking Bonus (Anti Churning Language Now 12 Months Instead Of 24) – Doctor Of Credit

    U.S. Bank $450 + $100 Checking Bonus (Anti Churning Language Now 12 Months Instead Of 24) – Doctor Of Credit

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    Update 7/17/24: Anti churning language is now 12 months instead of 24. Hopefully this is a permanent change going forward.

    Note: You can also get another $88-$100+ via  portal.

    Offer at a glance

    • Maximum bonus amount: $450 + $100
    • Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
    • Direct deposit required: Yes
    • Additional requirements: None
    • Hard/soft pull: Soft
    • ChexSystems: Mixed data points
    • Credit card funding: Can fund up to $250 with a credit card
    • Monthly fees: $6.95, avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date: September 26, 2024

    The Offer

    Direct link to offer

    • U.S. Bank is offering a $450 bonus when you open a new Smartly checking account when you use promo code 2024JUL.Requirements are as follows:
      • Checking bonus:
        • Earn $250 when the combined total of your direct deposits is between $2,000 and $4,999.99
        • Earn $350 when the combined total of your direct deposits is between $5,000 and $7,999.99.
        • Earn $450 when the combined total of your direct deposits is $8,000 or more.

    The Fine Print

    • U.S. Bank Smartly® Checking bonus: To be eligible, you or any owner(s) on your new Bank Smartly Checking account cannot have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 12 months or received other U.S. Bank consumer checking bonus offers within the past 12 months.
    • You must also use the promo code 2024JUL at account opening. To receive the bonus, you must open a new U.S. Bank Smartly® Checking account with a minimum deposit of $25 either online, in a branch or over the phone from July 9, 2024 through and including September 26, 2024.
    • Additionally, you must enroll in the U.S. Bank Mobile App or online banking within 90 days of opening your account.
    • You must also complete two or more direct deposits within 90 days of opening your account that total: $2,000 to $4,999.99 to earn the $250 bonus, $5,000 to $7,999.99 to earn the $350 bonus, or $8,000 or more to earn the $450 bonus.
    • A direct deposit is an electronic deposit of your paycheck made through the Automated Clearing House (ACH) network or an electronic deposit of your government benefits, such as Social Security, from your employer or the government.
    • Other electronic deposits or person-to-person payments are not considered a direct deposit. Your checking bonus (“adjusted interest”) will be credited to your new checking account within 60 days following the end of the calendar month during which you completed all the offer requirements.
    • Account must be open and have a positive balance to receive the bonus. Bonus will be reported as interest earned on IRS form 1099-INT, and recipient is responsible for any applicable taxes. Offer may not be combined with any other checking account bonus offers.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    U.S. Bank Smartly has a $6.95 monthly fee, this is waived if you do any of the following:

    • Have combined monthly direct deposits totaling $1,000 or more
    • Keep a minimum average account balance of $1,500 or more
    • Hold an eligible U.S. Bank credit card
    • Qualify for one of the four Smart Rewards™ tiers (Primary, Plus, Premium or Pinnacle)
    • Be a military member (requires self disclosure)
    • Be under the age of 24 or over the age of 65

    Early Account Termination Fee

    There is no early account termination fee to worry about

    Our Verdict

    Not as good as the recent $500 bonus unfortunately. That being said this bonus is churnable (can’t have had an account within the past 12 months) meaning it’s probably worth resetting that clock as soon as possible rather than waiting for a marginally bigger bonus to potentially return. Because of that we will add this to our list of the best bank account bonuses.

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    William Charles

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  • [MI] Portland Federal Credit Union (PFCU) $100 Referral Bonus – Doctor Of Credit

    [MI] Portland Federal Credit Union (PFCU) $100 Referral Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: Michigan
    • 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
    • Expiration date: None

    The Offer

    Direct link to offer

    • PFCU is offering a $100 referral bonus when the person setting up a new account complete the following requirements:
      • Set up statement savings and checking account
      • Establish access and use of PFCU Online Banking with E-Statements
      • Establish Direct Deposit

    The Fine Print

    • Refer-A-Friend cash bonus offer terms and conditions. New member must present Referral Code at time of account opening and establish a Membership Savings and Checking Account.
    • New members cannot have any existing accounts (primary or joint owner) within the last 12 months.
    • Member and referee cannot begin credit union membership on the same business day.
    • Account Opening Criteria: Primary account holder must be 18 years or older and meet PFCU’s membership eligibility and credit qualification requirements, including opening a Membership Savings Account with a minimum balance of $5 and a Checking Account. Cash Bonus Criteria:
    • To receive the cash bonus, the new account must meet the following criteria within the first 30 days: 1. Establish access and use of PFCU Online Banking with E-Statements and 2. Establish Direct Deposit. 3. Must be open and cannot be delinquent (more than 30 days) at time of bonus payment. Bonus will be deposited into the qualifying account and referring member’s account within 10 business days in the month following the end of the first 30-day period if qualifications are met. Referring member must have an open and active share account at time of bonus payment and be at least 18 years of age. Bonus amounts may be subject to applicable taxes and are the responsibility of the member. Bonus cannot be combined with any other account opening offer. Referrals limited to twenty per member. Terms and conditions 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

    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 any EATF.

    Our Verdict

    Feel free to share whether it’s a hard or soft pull in the comments below as well as your referral information.

    Hat tip to reader Garp

    Useful posts regarding bank bonuses:

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    William Charles

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  • [SD & MN] American Bank & Trust $250 Checking Bonus – Doctor Of Credit

    [SD & MN] American Bank & Trust $250 Checking Bonus – Doctor Of Credit

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    Update 7/13/24: Deal is back until August 31, 2024. Hat tip to reader jay

    Update 5/20/24: Deal is back from May 1 – June 30, 2024. Hat tip to reader Tol

    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: SD & MN
    • Direct deposit required: Yes, no minimum
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: $25, 90 days
    • Household limit: None
    • Expiration date: February 29, 2024

    The Offer

    Direct link to offer

    • American Bank & Trust is offering a $250 checking bonus when you open a new checking account and complete the following requirements:
      • Receive a direct deposit within 90 days of account opening

    The Fine Print

    • Offer available from January 1 – February 29, 2024, and American Bank & Trust (AB&T) reserves the right to withdraw this offer at any time without notice.
    • Accounts are subject to approval. 1) Open a new AB&T checking account; AND 2) Have your direct deposit made to this account within 90 days of opening. Person to Person payments (such as Zelle®) or external bank to bank transfers using the ACH network are not considered a direct deposit.
    • All accounts have a minimum opening deposit of $50 and are subject to applicable terms, fees, and charges.
    • After the qualifications have been met, we’ll deposit the bonus in your new account within 45 days.
    • If the checking account is closed by the customer within 90 days after opening, the account will be subject to a $25 early closure fee.
    • Eligibility may be limited based on account ownership.
    • Offers not available to those whose accounts have been closed within 6 months or closed with a negative balance within the last 3 years.
    • Limit one new checking account opening related bonus every two years from the last bonus payout date per customer.
    • Limit one bonus per account and per customer.
    • Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 104-S, if applicable.) Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
    • 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

    $25, 90 days

    Our Verdict

    If anybody goes for this bonus please share your experiences in the comments below.

    Hat tip to reader Gadget

    Useful posts regarding bank bonuses:

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    William Charles

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  • [CT only] Savings Bank of Danbury $100-$300 Checking Bonus – Doctor Of Credit

    [CT only] Savings Bank of Danbury $100-$300 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount:$300
    • Availability: CT only
    • Direct deposit required: Depends on the bonus
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees:
    • Early account termination fee: None found
    • Household limit: None listed
    • Expiration date:None listed

    The Offer

    Direct link to offer

    • Savings Bank of Danbury is offering a bonus of up to $300 when you open a new checking account with promo code Get123. Bonuses are as follows:
      • To qualify for the $100 cash bonus, you are required to open a new Priority Checking account and make 10 debit card transactions per month for two (2) consecutive months
      • To qualify for the $200 cash bonus you are required to open a new Priority Plus Checking account and have qualifying direct deposit(s) totaling $500 per month for two (2) consecutive months
      • To qualify for the $300 cash bonus you are required to open a new Priority Platinum Checking account and have qualifying direct deposit(s) totaling $500 per month for two (2) consecutive months

    The Fine Print

    • Minimum $50 to open a checking account.
    • This offer applies to new checking account customers.
    • New money is defined as money not currently on deposit with Savings Bank of Danbury.
    • New checking account customer is defined as anyone not having owned a checking account with Savings Bank of Danbury in the 180 days prior to taking advantage of this offer.
    • This offer is limited to one checking account per tax ID#.
    • Account must be opened and maintained in good standing for a period of 90 days from the opening date, (the introductory period) to qualify for each bonus.
    • An account is considered to be in “Good Standing” if the balance remains positive and no overdrafts are incurred.
    • To qualify for the $100 cash bonus, you are required to open a new Priority Checking account and make 10 debit card transactions per month for two (2) consecutive months.
    • To qualify for the $200 cash bonus you are required to open a new Priority Plus Checking account and have qualifying direct deposit(s) totaling $500 per month for two (2) consecutive months.
    • To qualify for the $300 cash bonus you are required to open a new Priority Platinum Checking account and have qualifying direct deposit(s) totaling $500 per month for two (2) 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).
    • Transfers from another Savings Bank of Danbury deposit account do not qualify.
    • The maximum amount any customer can receive is $300.
    • Bonuses will be paid in the statement cycle following the first 90 days after qualifications have been met.
    • Promotion compensation is considered taxable income and an IRS-1099 form will be issued.
    • This offer is subject to change and to early termination without prior notice at any time.
    • Other fees and restrictions may apply. Savings Bank of Danbury employees and their immediate 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

    • Priority Checking ($100 bonus). This account has no monthly fees
    • Priority Plus Checking ($200 bonus). This account has a $12 monthly fee that is waived with a $1,000 balance.
    • Priority Platinum Checking ($300 bonus). This account has a $20 monthly fee that is waived with a $2,000 balance.

    Early Account Termination Fee

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

    Our Verdict

    I think you either do the $100 bonus (to avoid the direct deposit requirement) or the $300 bonus as the $200 bonus seems a bit pointless (only advantage is it’s slightly easier to keep fee free). Last time we saw a bonus it was only for $150 so if you live in an eligible area I do think this one is worth doing and will add it to the best bank bonuses.

    Hat tip to reader Bockrr

    Useful posts regarding bank bonuses:

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    William Charles

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  • [CO, WY, In branch] Blue Federal Credit Union $250 Checking Bonus – Doctor Of Credit

    [CO, WY, In branch] Blue Federal Credit Union $250 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: CO, WY, In branch
    • Direct deposit required: Yes, $500+ within 90 days
    • Additional requirements: Use promo code
    • Hard/soft pull: Soft
    • ChexSystems: Yes. They are also sensitive
    • Credit card funding: Up to $3,000+
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None
    • US Citizen: Yes, must be a permanent citizen to open online
    • Expiration date: None

    The Offer

    Direct link to offer

    • Blue Federal Credit Union is offering a $250 bonus when you open a new Elite or Premium NOVA Perks™ checking account and Vista Savings Account and complete the following requirements:
      • Enroll in eStatements
      • Set up your Direct Deposit to get started

    The Fine Print

    • $250 new membership benefit eligible to members who have not held a Blue membership within the previous 12 months.
    • Vista Savings account required to earn the bonus.
    • To redeem must bring in or mention the offer.
    • Minimum $500 aggregate direct deposit must be credited to a NOVA Perks™ checking account in the first 90 days of membership and accounts must be maintained in good standing through the qualifying period for benefit eligibility.
    • Must be enrolled in e-statements. Qualifying membership accounts will receive the $250 benefit paid out in their Vista High Yield Savings account in the calendar month following the completion of the direct deposit requirement and e-statement enrollment membership.
    • Member is responsible for any tax liability. Subject to change.
    • Offer may not be combined with other, same product offers, or NOVA Perks™ Elite Checking fee deferral offers.
    • Employees of Blue Federal Credit Union are not eligible to participate.
    • Limit one bonus per social security number.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Nova perks has no monthly fees to worry about.

    Early Account Termination Fee

    Unsure if there are any early account termination fees.

    Our Verdict

    This sometimes gets increased to $300/$400 for Black Friday so I’d recommend just waiting for a bigger offer to return.

    Hat tip to Bockrr

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  • [KY] University of Kentucky Federal Credit Union $200 Checking Bonus – Doctor Of Credit

    [KY] University of Kentucky Federal Credit Union $200 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: KY
    • Direct deposit required: 3 totaling $3,000+
    • Additional requirements: Use promo code
    • Hard/soft pull: Unknown 
    • ChexSystems: Unknown
    • Credit card funding: Up to $5,000
    • Monthly fees:
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: 12/31/24

    The Offer

    Direct link to offer

    • University of Kentucky Federal Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
      • Receive three Direct Deposits totaling $3,000 or more within 95 days
      • Use promo code 200Better

    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

    ukfcu checking account has no monthly fees to worry about.

    Early Account Termination Fee

    I wasn’t able to find any EATF in the fee schedule.

    Our Verdict

    Seems to be a small service area, unfortunately applying through ACCC doesn’t help with out of state applications.

    Hat tip to ShawntheShawn

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  • [LA] Fidelity Bank (Bank With Fidelity) $225 Checking Bonus – Doctor Of Credit

    [LA] Fidelity Bank (Bank With Fidelity) $225 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $225
    • Availability: LA
    • Direct deposit required: Yes, $500
    • Additional requirements: Use promo code
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: $5, avoidable
    • Early account termination fee:$25, 180 days
    • Household limit: One
    • Expiration date: September 30, 2024

    The Offer

    Direct link to offer

    • Fidelity Bank (Bank With Fidelity) is offering a $225 bonus when you open a new checking account and complete the following requirements:
      • Use promo code BONUS225
      • Within 90 days of opening your account, make a direct deposit of $500 or more

    The Fine Print

    • Account holder has 90 calendar days to meet the requirements to receive bonus. Fidelity Bank will deposit the $225 bonus into the account holder’s new checking account within 15 business days after the completion of the 90 calendar day qualification period, so long as the account holder fulfills each of the following qualifications:
    • Open a new On The Geaux personal checking account with Fidelity Bank.
    • You must deposit $50 to open this account.
    • On The Geaux checking incurs a $5 service charge per statement cycle.
    • The monthly service charge can be avoided by having a single direct deposit of at least $500 or more during the statement cycle. Current fees and rates are determined at the time of account opening and will be displayed in the Truth in Savings provided.
    • Visit bankwithfidelity.com for additional terms and conditions applicable to personal checking accounts.
    • Have a qualifying direct deposits greater than $500 or totaling greater than $500 into your new checking account with in the first 90 days of account opening.
    • A “qualifying direct deposit” is a recurring electronic deposit, including a salary, pension, social security, other government benefit or other recurring, monthly income amount, made by your employer or outside agency.
    • Transfers from one account to another do not qualify. Qualifying direct deposit does not include payments received from apps such as PayPal or Cash App, and other similar payment providers. Deposits made at a financial center, via ATM, online transfer, mobile device, debit card/prepaid card number or the mail do not qualify. 
    • Only one bonus of $225 will be paid to the primary checking account owner. This must be your first Fidelity Bank personal checking account to qualify for this bonus. Clients under the age of 18 are not eligible to receive this bonus. Account must be in good standing and the qualifications satisfied to receive bonus. Good standing means you have a positive balance in the account. Bonus may be subject to IRS reporting as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes. Fidelity Bank expressly reserves the right to terminate this promotion at its discretion at any time and without further notice provided to you. Limit of one consumer checking-related bonus per household.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    On The Geaux has a $5 monthly service charge, OR $0 with at least one qualifying direct deposit of $500 or more each statement cycle

    Early Account Termination Fee

    There is a $25 fee if the account is closed within 180 days according to the fee schedule.

    Our Verdict

    There are a lot Fidelity Banks so just including the website for clarity. If anybody goes for this then please share your experiences below.

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    William Charles

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  • [WI] First Community Credit Union $100 Referral Bonus – Doctor Of Credit

    [WI] First Community Credit Union $100 Referral Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: WI
    • Direct deposit required: Yes, no minimum specified
    • Additional requirements: 20 debit card transactions
    • 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

    • First Community Credit Union is offering a referral bonus of $100 for the new user and $50 for the referring member when the new user signs up for a new checking account and complete the following requirement:
      • Complete 20 debit card transactions
      • Have a direct deposit

    The Fine Print

    • A new member is defined as anyone who has not had a membership account with FirstCCU for at least one year and is 18 years or older.
    • Must meet membership eligibility requirements
    • New checking account must complete 20 debit card transactions (excluding ATM withdrawals) within 60 days to qualify.
    • Direct deposit required.
    • Loan and checking account must remain active and in good standing for the first 60 days and at the time of payout.
    • Referrer must be a current member of FirstCCU and in good standing to receive incentive.
    • Referral must be submitted at the time of account opening in order to receive incentives.
    • Referral incentives will be paid within 60 days following satisfaction of requirements as a deposit into the membership savings account.
    • 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.

    Our Verdict

    Feel free to share your referrals in the comments below along with if it’s a hard or soft pull as well.

    Hat tip to reader Gadget

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  • [OH] Superior Credit Union $200 Checking Bonus – Doctor Of Credit

    [OH] Superior Credit Union $200 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: OH
    • Direct deposit required: Yes, $1,000+
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees:
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: June 30, 2024

    The Offer

    Direct link to offer

    • Superior Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:
      • Use promo code SUMMER24
      • Set up eStatements
      • Receive a direct deposit of $1,000+

    The Fine Print

    • Valid only at Superior Credit Union. New checking account must be set up with E-statements and Direct Deposit with a minimum of $1,000/month to qualify for $200 cash bonus. Bonus will be deposited to the new account within 30 days from date of first direct deposit.
    • One discount or coupon per transaction.
    • Not valid with other discounts or offers. COUPON CODE: SUMMER24.
    • 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 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

    If anybody goes for this then please share your experiences in the comments below including whether it’s a hard or soft pull.

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  • [FL] Achieva Credit Union $250 Checking Bonus – Doctor Of Credit

    [FL] Achieva Credit Union $250 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: Can apply out of state for with a donation to Achieva Foundation along with one-time membership fee of $15 ($25 total)
    • Direct deposit required: Yes, two $500+
    • Additional requirements: See below
    • Hard/soft pull: Hard pull
    • ChexSystems: Unknown, Chexsystems sensitive
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None
    • Expiration date:  August 20, 2024

    The Offer

    Direct link to offer

    • Achieva Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements
      • Offer requires two (2) or more newly established qualified direct deposit(s) totaling $500 or more per month within ninety (90) days of account opening

    The Fine Print

    • $250.00 bonus offer open to primary members 18 years of age or older, opening a new Achieva Checking or Achieva Checking Plus account in-person, online or via our Member Service Center as the primary member with a debit card between May 22, 2024 and August 20, 2024.
    • Member cannot have had a checking account within the last ninety (90) days.
    • Limit of one (1) $250.00 bonus offer per primary member.
    • All accounts subject to eligibility and approval requirements.
    • A $15 lifetime membership fee is required with a $1 deposit to open your membership account and cannot be paid with bonus offer proceeds.
    • No minimum balance required.
    • Offer is also available for new Achieva Checking account holders, however this account is non-interest bearing.
    • Offer requires two (2) or more newly established qualified direct deposit(s) totaling $500 or more per month within ninety (90) days of account opening.
    • A qualifying direct deposit is a recurring direct deposit of a paycheck, pension, social security, or other regular monthly income electronically deposited into a checking account. Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, ATM transfers or deposits, Online and Mobile Banking transfers or deposits, person-to-person payments, cash advance, transfers from a bank or brokerage account, or other electronic deposits.
    • Bonus offer(s) will be paid to account memberships in overall good standing within ninety (90) days of satisfying minimum direct deposit requirement.
    • Direct deposit must be continuous and active at the time bonus is paid.
    • Only one bonus will be paid per primary member meeting qualifications.
    • Primary members who are joint on another share account are only eligible with a new qualifying direct deposit. Bonus offer(s) may be taxable and are the sole responsibility of the recipient. Offer(s) may be withdrawn or changed at any time 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

    This account has no monthly fees to worry about.

    Early Account Termination Fee

    Wasn’t able to locate a fee schedule so unsure.

    Our Verdict

    Worth doing if you don’t mind the hard pull.

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    William Charles

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  • [St. Louis & Memphis] Simmons Bank $600 Checking Bonus – Doctor Of Credit

    [St. Louis & Memphis] Simmons Bank $600 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $600
    • Availability: MO & TN
    • Direct deposit required: Yes, three months for full bonus 
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None
    • Expiration date: August 16, 2024

    The Offer

    Direct link to offer

    • Simmons Bank is offering a bonus $600 when you open a new checking account and complete the following requirements:
      • Use promo code J10 to open a new Classic Checking or Simply Checking account.
      • Open a qualifying checking account and earn up to three bonuses for each month that you meet the qualifying activities in the chart below

    The Fine Print

    • Eligible Customers who open a new Simmons Bank Classic Checking or Simply Checking account (an “Account”) at an eligible branch between June 14, 2024 and August 16, 2024, and complete qualifying activities will receive up to three cash bonuses (each a “Bonus”) (not more than one per statement cycle), of up to a total of $600 credited to the Account. 
    • “Eligible Customers” (1) are at least 18 years old; (2) must furnish or have a valid Form W-9 on file with Simmons Bank and may not be subject to backup withholding; (3) may not have an existing Simmons Bank consumer checking account and may not have had a Simmons Bank consumer checking account in the 12 months prior to Account opening; and (4) must use a specified promo code at Account opening.
      Accounts must be opened in an eligible branch, which can be found at simmonsbank.com/cash-offer.
    • Accounts will only be eligible for a Bonus during the first four statement cycles4 after Account opening. A maximum of one Bonus may be earned within any one statement cycle. A maximum of three Bonuses will be available for an Account. Simmons Bank reserves the right to limit an individual to $600 in bonuses per rolling 12-month period across all deposit relationships.
    • IMPORTANT TAX INFORMATION: The Bonus(es) will be reported to the IRS as interest income to the owner of the account, in the year received, as required by applicable law. Bonus payments will be reported on IRS Form 1099-INT, along with other interest you earn at Simmons Bank, for the year received. Customer is responsible for any applicable taxes and consulting a tax advisor. Simmons Bank is not a 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

    Simply checking has no monthly fees to worry about.

    Early Account Termination Fee

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

    Our Verdict

    Requirements are a bit annoying considering you need to meet them for three months, still should be worth doing for most people. If you put the $10,000 into a 5% earning account you’d earn $125 over the same period so this bonus is significantly better than that.

    Hat tip to @toonhound

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    William Charles

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  • [FL only] GTE Financial $200 Checking Bonus – Doctor Of Credit

    [FL only] GTE Financial $200 Checking Bonus – Doctor Of Credit

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    Update 6/29/24: Deal is back and valid until 7/31/24. Hat tip to reader Bockrr

    Update 9/7/22: Deal is back and valid until 10/31/22.

    Update 4/3/22: Deal is back and valid until 5/31/22.

    Bonus is now FL only

    Update 11/1/21: Deal is back, no end date listed this time. Hat tip to reader Gadget.

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: All locations are in FL, but anybody can become a member by joining CU Savers Club, which is free
    • Direct deposit required: Yes, $500 or more
    • Additional requirements: Use promo code
    • Hard/soft pull: Hard pull
    • ChexSystems: Yes
    • Credit card funding: Up to $500
    • Monthly fees: $4.95, avoidable
    • Early account termination fee: Closed Account Within 180 Days: $25 fee (or balance if <$25)
    • Household limit: None listed
    • Expiration date: October 31, 2021 None

    The Offer

    Direct link to offer

    • GTE Financial Credit Union is offering a bonus of $200 when you open a new checking account and complete the following requirements:
      • Use promo code JOIN200
      • Receive a direct deposit of $500 or more

    The Fine Print

    • Offer valid for new GTE Members only.
    • To qualify, new members must open a Go Premium with GTE Secure, Go Full Access, or Go Further checking account.
    • In addition, new members must have direct deposit set-up totaling $500 or more per month within the first 60 days of account opening.
    • Direct deposit must come from an external source, such as an employer or government agency, direct deposits from another GTE Financial account do not meet the qualifications of this incentive offer.
    • New members must also use promotional code JOIN200 at the time of application. GTE Financial reserves the right to end this promotion at any time.
    • This offer cannot be combined with other incentive offers from GTE Financial.
    • Account incentive will be deposited into member’s account within 10 business days from meeting all qualifications for promotion. 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

    Go full access has a $4.95 fee that can be waived by enrolling in eStatements AND making $500 in aggregate deposits per month OR making a combination of 15 monthly debit and/or credit card transactions.

    Early Account Termination Fee

    Closed Account Within 180 Days: $25 fee (or balance if <$25)

    Our Verdict

    GTE Financial has offered a $100 checking bonus with no direct deposit required and a $200 checking bonus, but the previous $200 bonus had a monthly fee that couldn’t be avoided. I suspect we might see this bonus pulled before the end date so if you’re interested then sign up sooner rather than later. Some people might prefer the $100 bonus as no direct deposit is required. We will add this to our best checking bonuses.

    Hat tip to IS250

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    William Charles

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  • [OR, WA only] Columbia Credit Union $100 Referral Checking Bonus + $300 Bonus – Doctor Of Credit

    [OR, WA only] Columbia Credit Union $100 Referral Checking Bonus + $300 Bonus – Doctor Of Credit

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    Update 6/25/24: There is also a $300 bonus, should be able to stack. Requirements are as follows:

    • Complete 15 purchases using your Columbia CU debit or credit card
    • Have direct deposit of at least $500
    • Be enrolled in e-Statements

    Hat tip to Robyn

    Update 1/20/24: Bonus is back, $100 again but it’s a referral so both parties can get $100. Feel free to share referrals in the comments below. Hat tip to Chuck K

    Update 7/4/22: Bonus is back and now $170 instead of $100.

    Offer at a glance

    • Maximum bonus amount: $170
    • Availability: Must Live or work in Washington State or the Oregon community of Clackamas, Marion, Multnomah or Washington Counties [Branch locator]
    • Direct deposit required:  Yes, $500+
    • Additional requirements: eStatements and 15 debit card purchases
    • Hard/soft pull: Soft. Now a report of a hard pull. Seems to be soft in branch and hard online.
    • ChexSystems: Unknown
    • Credit card funding: Fund up to $500 with a credit card per account
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None listed
    • Expiration date: November 11, 2021 July 31, 2022

    The Offer

    Direct link to offer

    • Columbia Credit Union is offering a bonus of $170 when you open a new income checking account and complete the following requirements:
      • Enroll in eStatements
      • Make a direct deposit of at least $500
      • Make at least 15 purchases using a combination of your Columbia CU debit card and Columbia credit card in December

     

    The Fine Print

    • You must open a new Columbia Credit Union Income Checking account between October 1, 2021 and November 11, 2021, and enroll in e-statements, make at least ONE Columbia Credit Union direct deposit of $500 or more, and make at least 15 purchases using a combination of your Columbia CU debit card and Columbia CU credit card during December 2021, to receive $100.
    • Visit www.columbiacu.org or a Columbia Credit Union branch for complete account information.
    • Direct deposit transactions are limited to: payroll, Social Security, pension and government benefits. Fiduciary and business accounts are excluded from promotion eligibility.
    • Limit one payment per individual per household.
    • Offer not available to individuals who have had a Columbia Credit Union checking account in the last 12 months.
    • Accounts overdrawn or closed at the time of payment are not eligible.
    • The payment will be deposited into your checking account by February 15, 2022, after meeting eligibility requirements and the value of your payment will be reported on IRS Form 1099- INT.
    • 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 the fee schedule

    Our Verdict

    Previously there was a $250 checking bonus. Personally I’d recommend waiting for a bigger bonus to return as this offer is so much worse and hardly worth doing. We won’t add this to the best bank account bonuses.

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  • Axos Bank $500 Checking Bonus + $150 – Doctor Of Credit

    Axos Bank $500 Checking Bonus + $150 – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $500
    • Availability: Nationwide
    • Direct deposit required: Yes, $1,500+ per month
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: No
    • Monthly fees: None
    • Early account termination fee: Unsure
    • Household limit: None
    • Expiration date: 07/31/24

    The Offer

    Direct link to offer

    • Axos Bank is offering a bonus of up to $500 when you open a new rewards checking account and complete the following requirements:
      • Use promo code RC500
      • An incentive of up to $500 can be earned during the first six (6) statement cycles. You can earn $100 each statement cycle, up to $500 when the following requirements are both met:
        • your Rewards Checking account receives qualifying direct deposits at least $1,500.00 in total
        • the average daily balance in your Rewards Checking account is at least $3,000

    The Fine Print

    • To be eligible to earn all or a portion of the cash incentive as part of the promotional offer “RC500,” an application for a Rewards Checking account must be submitted between 06/20/2024 at 12:00 am PT and 07/31/24 at 11:59 pm PT.

       

    • Axos Bank reserves the right to limit each primary account holder to one (1) checking account promotional offer per year. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After initial requirements above are met, the amount of incentive earned will depend on meeting the additional requirements outlined below:

       

    • Rewards Checking bonus up to $500: You must be approved for your new Rewards Checking account and fund it within 60 days of account opening. An incentive of up to $500 can be earned during the first six (6) statement cycles, starting in the statement cycle thirty (30) days after the account is opened. A statement cycle is a calendar month consisting of at least one day your account was open during that month. You can earn a maximum of five (5) payouts during the six (6) statement cycles, and the incentive will be deposited into the qualifying account within 15 business days following the end of the statement cycle in which the requirements were met.

       

    • $100 will be earned for each statement cycle, up to $500, when you meet two requirements during that statement cycle: 1) your Rewards Checking account receives qualifying direct deposits at least $1,500.00 in total, and 2) the average daily balance in your Rewards Checking account is at least $3,000.

       

    • Your Rewards Checking account must remain open and in good standing at the time the incentive is paid to be eligible.

       

    • A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit. Account transactions may take one or more business days from the transaction date to post to 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

    No monthly fee to worry about

    Early Account Termination Fee

    Our Verdict

    You can try to stack this with another $150 via Swagbucks but the terms do state it can’t be stacked with other promotions (in the past it has worked though). Even better than the $300 bonus recently offered. Annoying that you have to do the direct deposit and minimum balance for so long, but worth it for the $500 bonus. We will add this to our list of the best bank account bonuses.

    Hat tip to reader Bockrr

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