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Tag: no credit card funding

  • [Targeted] Bank of America $750 Savings Bonus – Doctor Of Credit

    [Targeted] Bank of America $750 Savings Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $750
    • Availability: Nationwide
    • APY: 0.01%
    • Deposit required: $20,000 – $100,000
    • Hard/soft pull: Soft
    • ChexSystems: Unknown
    • Credit card funding: None, but can fund with a debit card up to $300
    • Monthly fees: None
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: September 30, 2024

    The Offer

    Direct link to offer. Must have received the e-mail though. Subject line is ‘, get up to a $750 cash bonus’

    • Bank of America is offering a savings bonus of up to $750.
      • Open a Bank of America Savings account if you don’t have one already
      • Enroll in this bonus
      • Within 30 days of enrollment deposit new money
        • Deposit $20,000, $250 bonus tier
        • Deposit $50,000, $500 bonus tier
        • Deposit $100,000, $750 bonus tier
      • Maintain that balance in your savings account from 31 through 90 days after enrollment

    The Fine Print

    • Offer is limited to individuals who receive the offer via a direct communication from Bank of America.
    • Fiduciary accounts (e.g., trusts), business accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs) are not eligible for this offer.
    • Offer cannot be combined with any other savings bonus offer and is limited to one bonus per account and per customer.
    • Offer expires on September 15, 2024.
    • Bank of America may change or discontinue this offer at any time before this date without notice.
    • Enroll in this offer through a Bank of America associate or by clicking the enrollment button or link in a direct communication from Bank of America by September 15, 2024.
    • Deposit New Money directly into your new or existing personal savings account within thirty (30) days of enrolling (the “Deposit Period”)
    • 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

    There is no early account termination fee.

    Our Verdict

    This account earns 0.01% APY. At minimum you’ll need to maintain the balance on this account for about 61 days (deposit on last day of the 30 day period and then hold until 90th day) but I think it’s safer to assume a 90 day hold period when all is said and done. The $250 bonus is the best return and that works out to be an annualized return of 5%, as the bonuses increased that progressively gets worse (4% and then 3%). Given the current high interest rates available this isn’t worth considering and we won’t be adding this to our best savings bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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

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

    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

    Useful posts regarding bank bonuses:

    William Charles

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

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

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

    Offer at a glance

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

    The Offer

    Direct link to offer

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

     

    The Fine Print

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

    Avoiding Fees

    Monthly Fees

    Basic business checking ($500 bonus)

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

    Business relationship checking ($500 bonus)

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

    Early Account Termination Fee

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

    Our Verdict

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

    Useful posts regarding bank bonuses:

    William Charles

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  • [MA & NH only] Stoneham Bank $300 Checking Bonus – Doctor Of Credit

    [MA & NH only] Stoneham Bank $300 Checking Bonus – Doctor Of Credit

    Update 4/27/24: New link added for $300 bonus. Says it’s for billerica branch but can be opened online.

    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: MA & NH
    • Direct deposit required: Yes, $1,000+ per month for three months
    • Additional requirements: Enroll in online banking
    • Hard/soft pull: Soft
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: $10, avoidable
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Stoneham Bank is offering a bonus of $250 when you open a new Optimum Plus or Optimum One checking account and complete the following months within each of the first full three calendar months:
      • Receive a monthly direct deposit(s) totaling $500 or more
      • Enroll in Online Banking

    The Fine Print

    • Earn a $250 bonus when you open a new Optimum Plus or Optimum One Checking account with a $10 minimum opening deposit balance and complete the following requirements within each of the first full three calendar months following the date the new account is funded: (1) Receive a monthly direct deposit(s) totaling $1,000 or more and; (2) Enroll in Online Banking.
    • For example, a qualifying account type opened and funded during the month of September must complete the requirements in the months October, November and December in order to qualify for the bonus.
    • Examples of qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits from your employer or the government.
    • You must not currently have a StonehamBank personal checking account or have had one in the last 24 months.
    • A $250 bonus will be deposited into your new account within 30 days of completing requirements if qualification conditions are met, and the account remains in good standing.
    • The primary account holder is solely responsible for any federal, state and local taxes, and must provide StonehamBank with a valid social security number or taxpayer identification number before the bonus will be provided.
    • A form 1099-MISC will be issued to the primary account holder. This offer may be withdrawn at any time.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Optium One is the easiest of the two accounts to keep fee free. It has a $10 monthly fee, this is waived if you do any of the following: Maintain a monthly direct deposit of $500 or; Maintain an average daily balance of $1500 or; Use your debit card 5 times per month for point of sale transactions.

    Early Account Termination Fee

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

    Our Verdict

    Previously we’ve seen $200 & $250 bonuses. This is a good bonus and worth doing if you live in an eligible area. We will add this to our list of the best checking bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [AZ only] Arizona Central Credit Union $500 Checking Bonus – Doctor Of Credit

    [AZ only] Arizona Central Credit Union $500 Checking Bonus – Doctor Of Credit

    Update 4/18/24: Bonus is now up to $500

    • $250 ONE-TIME bonus to new member with $500 minimum monthly direct deposit.
    • $500 ONE-TIME bonus to new member with $1,000 minimum monthly direct deposit.

    Both bonuses require the following:

    • All requirements must be met within 60-days of account opening.
    • Monthly direct deposits for a minimum of $500
    • Signed up and currently enrolled in eStatements
    • 15 posted debit card transactions

    Update 12/2/23: Deal is back and valid until 12/31/2024. Hat tip to reader Monica

    Update 1/5/22: Extended through 12/31/2022

    Update 2/13/21: Deal is back and valid through December 31, 2021.

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: AZ only
    • Direct deposit required: Yes, $250+ per month
    • Additional requirements: Enroll in eStatements and perform at least 10 check card transactions
    • Hard/soft pull: Hard pull (Equifax)
    • Credit card funding: Unsure
    • Monthly fees: $5-$15, waive able
    • Early account termination fee: Bonus clawed back if closed within six months
    • Expiration date: December 31st, 2014  December 31st, 2016 December 31st, 2018 December 31st, 2019

    The Offer

    Direct link to offer

    • Receive a $200 bonus from Arizona central credit union when you:
      • Receive a direct deposit of at least $250/month
      • Sign up and enroll in eStatements
      • Perform at least ten signature based check card transactions

     

    The Fine Print

    • $200 bonus will be deposited within ten days of completing the bonus requirements
    • Bonus requirements must be completed within 60 days of account opening
    • Only available to new members with no existing accounts at ACCU
    • Considered a new member as long as your account was cancelled twelve months prior to opening this new account
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    It’s necessary to maintain a balance of at least $25 at all times.

    AzStyle Checking Account $5 Monthly

    The $5 monthly fee is waived if you have 10 or more signature based transactions using your check card.

    MyStyle Checking Account $10 Monthly

    The monthly fee is waived if you are enrolled in eStatements and receive a direct deposit of $250 or more

    There are also the HighStyle checking account that has a $15 monthly fee which is waived if you have a balance above $5,000 and teen checking or iStyle account for those between 13-23 which is free.

    Early Account Closure Fee

    If the account is closed within 6 months then you will forfeit the $200 bonus.

    Our Verdict

    I don’t live in Arizona, but even if I did I wouldn’t be completing this deal. A hard pull with Equifax makes this a dead-killer, you’d be better off signing up for a credit card with a cash bonus. Aside from that the number of signature debit card transactions is also prohibitive (10 for the bonus and another 10 per month for six months to keep it fee free) and we aren’t sure if anything other than a real employer payroll or government benefit will trigger this bonus.

    If you do decide to go for this bonus, I’d recommend reading our listing of better deals first. We’ve added this to the list of state specific checking bonuses. Also let us know if you were able to fund with a credit card and how much you were able to and what counted as a direct deposit.

    Post history:

    • Update 1/18/2020: Deal is back and available through December 31st, 2020.
    • Update 01/17/18: Deal is back and available through December 31st, 2019. Still not worth doing due to the hard pull.
    • Update 01/17/18: Deal is back and available through December 31st, 2018. Still not worth doing due to the hard pull.
    • Update: Deal is back and now expires December 31st, 2016. Still not worth doing due to the hard pull.

    William Charles

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  • [MI Only] People Driven Credit Union $200 Checking Bonus – Doctor Of Credit

    [MI Only] People Driven Credit Union $200 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: MI only
    • Direct deposit required: Yes, recurring. No minimum mentioned
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: Six months, bonus forfeit
    • Household limit: None
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • People Driven Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
      • Set up a recurring direct deposit within 30 days of account opening

    The Fine Print

    • *TO QUALIFY FOR THE $200 CASH BONUS, YOU MUST BE A MEMBER, OPEN A QUALIFYING CHECKING ACCOUNT WITH PEOPLE DRIVEN CREDIT UNION (“PDCU”), AND MEET THE DEPOSIT CONDITIONS OUTLINED BELOW.
    • YOU MUST ALSO SET UP A RECURRING DIRECT DEPOSIT INTO YOUR NEW PDCU CHECKING ACCOUNT WITHIN 30 DAYS OF ACCOUNT OPENING.
    • A QUALIFYING DIRECT DEPOSIT IS DEFINED AS A RECURRING ELECTRONIC DEPOSIT MADE BY AN EMPLOYER OR AN OUTSIDE AGENCY. TRANSFERS FROM ONE ACCOUNT TO ANOTHER OR DEPOSITS MADE AT A BRANCH OR ATM DO NOT QUALIFY.
    • THE $200 CASH BONUS WILL BE CREDITED TO YOUR PDCU CHECKING ACCOUNT WITHIN 120 DAYS OF MEETING THE DIRECT DEPOSIT REQUIREMENT.
    • IF YOUR CHECKING ACCOUNT IS CLOSED WITHIN SIX MONTHS OF OPENING, PDCU RESERVES THE RIGHT TO DEDUCT THE BONUS AMOUNT FROM THE ACCOUNT AT THE TIME OF CLOSING. BONUSES ARE CONSIDERED INTEREST AND WILL BE REPORTED ON IRS FORM 1099-INT (OR FORM 1042-S, IF APPLICABLE).
    • THIS PROMOTION IS SUBJECT TO CHANGE OR TERMINATION AT ANY TIME WITHOUT NOTICE.
    • PDCU MAY DISCONTINUE OR MODIFY THE OFFER IF ANY FACTOR INTERFERES WITH ITS PROPER CONDUCT. THIS OFFER CANNOT BE COMBINED WITH ANY OTHER CHECKING ACCOUNT PROMOTION.
    • PDCU RESERVES THE RIGHT TO DETERMINE THE ELIGIBILITY OF ANY ACCOUNT FOR THE BONUS. BY PARTICIPATING IN THIS PROMOTION, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS. PLEASE CONTACT PDCU FOR FURTHER DETAILS OR CLARIFICATION.
    • 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

    Bonus forfeit if account is closed within six months.

    Our Verdict

    Need to know if it’s a hard or soft pull. Seems like a relatively easy bonus.

    Useful posts regarding bank bonuses:

    William Charles

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  • Capital One $300-$1,500 Savings Bonus, Requires $20,000-$100,000 Deposit – Doctor Of Credit

    Capital One $300-$1,500 Savings Bonus, Requires $20,000-$100,000 Deposit – Doctor Of Credit

    Update 4/4/24: Deal is back, I don’t see any end date. APY is now 4.35% instead of 4.3%

    Update 11/29/23: Extended until 1/9/2024.

    Offer at a glance

    • Maximum bonus amount: $1,500
    • Availability: Nationwide
    • Direct Deposit required: None
    • Additional Requirements: $20,000-$100,000 deposit
    • APY: 4.35%APY
    • Hard/soft pull: Soft, as long as you opt out of overdraft protection
    • ChexSystems: Mixed
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date:  12/6/2023

    The Offer

    Direct link to offer

    • Capital One is offering bonus of up to $1,000 when you open a 360 performance savings account with promo code BONUS1500. The bonus you receive depends on the amount you deposit within 15 days of account opening and you must maintain that balance for 90 days
      • Deposit $20,000+ and get $300 bonus
      • Deposit $50,000+ and get $750 bonus
      • Deposit $100,000+ and get $1,500 bonus

     

    The Fine Print

    • STEP 1—Open a 360 Performance Savings account between 12:00 a.m. ET on November 1, 2023, and 11:59 p.m. ET on December 6, 2023. When you open your account, ensure the promo code FALL23 is entered in the Promo Code box.
    • STEP 2—Initial Funding Period. Deposit a total of $20,000 or more (Deposit Amount) of new money from externally sourced funds (transfers between Capital One accounts will not qualify) within the first 15 days of account opening (Initial Funding Period).
    • STEP 3—Hold Period. You will earn a bonus once you’ve maintained the Deposit Amount of $20,000 or more for 90 days following the Initial Funding Period. The Initial Funding Period is defined as the first 15 days from account opening, and the 90-day Hold Period does not begin until after the full 15-day Initial Funding Period.
    • The amount of your bonus will be determined as follows:
      • $300 bonus—The new money deposited from an external bank during the Initial Funding Period was between $20,000-$49,999.99, and you maintained that Deposit Amount for 90 days following the Initial Funding Period.
      • $750 bonus—The new money deposited from an external bank during the Initial Funding Period was between $50,000-$99,999.99, and you maintained that Deposit Amount for 90 days following the Initial Funding Period.
      • $1,500 bonus—The new money deposited from an external bank during the Initial Funding Period was $100,000 or more, and you maintained that Deposit Amount for 90 days following the Initial Funding Period.
    • Capital One will deposit the bonus into your account within 60 days after you have completed all the requirements above, including fulfilling the 90-day holding period. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus. If at any time during the 90 days following the Initial Funding Period your Deposit Amount drops into a lower tier, you will be rewarded that tier’s cash bonus. If your Deposit Amount decreases to an amount less than $20,000, you will not qualify for a cash bonus. This offer cannot be combined with any other 360 Performance Savings account opening offers. Only one promotional code is accepted per account. Bonus is only valid for one new 360 Performance Savings account. Bonuses are considered interest and will be reported on IRS form 1099-INT.
    • If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2021, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.
    • 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

    There is no early account termination fee

    Our Verdict

    This account earns 4.3% APY, ends up being 10.4% APY over the bonus period once when you take into account the bonus but obviously only lasts for 90 days. Still worth doing for a lot of people and much better than the previous $1,000 bonus and better than other high interest savings rates. We will add this to our list of the best savings bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL] Citizens Bank $300 Savings Bonus – Doctor Of Credit

    [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL] Citizens Bank $300 Savings Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL
    • Deposit required: $15,000
    • APY: 0.07% APY
    • 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: Avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date: 4/16/24

    The Offer

    Direct link to offer

    • Citizens Bank is offering a $300 bonus when you open a new savings account and complete the following requirements:
      • Deposit a minimum of $15,000 not already on deposit with Citizens within 10 days of account opening and maintain balance until:
        • June 30, 2024 for accounts opened in March
        • July 31, 2024 for accounts open in April
      • You must also have an existing Citizens Quest Checking account or open a new Citizens Quest Checking account between 3/26/24 and 4/16/24

    The Fine Print

    • To earn a $300 bonus, open your first new savings account between 3/26/24 and 4/16/24 and have a minimum of $15,000 not already on deposit with Citizens post within 10 days of account opening and remains on deposit until date stated in the table below.
    • You must also have an existing Citizens Quest Checking account or open a new Citizens Quest Checking account between 3/26/24 and 4/16/24.
    • Qualifications: Primary signer on the new savings account may not be or have been a signer on any Citizens personal savings account within the previous six months.
    • Your new savings account and your new or existing checking account 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.
    • Eligibility: Customer must open their first new savings account via Citizens’ online account opening system accessed by clicking on one of the links on this page.
    • Customer should print this screen for their records. Customer will only be paid a one-time bonus for this program. Only one savings account is eligible for a bonus. Offers may be withdrawn without notice and cannot be combined with any other savings offer. Offer eligibility is determined at Citizens’ sole discretion. Payout: Bonus will be deposited to the checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”. If your 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

    This account has no monthly fee as long as you have a Quest checking account.

    Early Account Termination Fee

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

    Our Verdict

    You can get a $400 checking bonus if you don’t already have a checking account with Citizens Bank. Just keep in mind you need a Quest checking account and that’s more difficult to keep fee free. At minimum you’d need the funds in the account for 3 months, this works out to be an annualized return of 8%. Slightly better than high yield savings accounts but probably not worth it for most people due to the harder to keep fee free account.

    Hat ti to Phil P

    Useful posts regarding bank bonuses:

    William Charles

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  • [AZ, CA, FL, IN, MI, NJ, NY, OH, WI] Flagstar Bank $250-$350 Checking Bonus – Doctor Of Credit

    [AZ, CA, FL, IN, MI, NJ, NY, OH, WI] Flagstar Bank $250-$350 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $350
    • Availability: Arizona, California, Florida, Indiana, Michigan, New Jersey, New York, Ohio, and Wisconsin
    • Direct deposit required: Yes, $500+
    • Additional requirements: $500 average balance
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: $0-$15
    • Early account termination fee: 180 days, bonus forfeit
    • Household limit: One
    • Expiration date: April 30, 2024

    The Offer

    Direct link to offer

    • Flagstar Bank is offering a checking bonus of up to $350.
      • $250 when you open a Flagstar Ready Checking and complete the following requirements:
        • Maintain an average daily balance of $500+
        • Have one or more direct deposits totaling $500 or more
      • $350 when you open a Flagstar Elite Checking and complete the following requirements:
        • Maintain an average daily balance of $500+
        • Have one or more direct deposits totaling $500 or more

    The Fine Print

    • You must be a new personal checking customer of Flagstar Bank.
    • You must open a Flagstar Ready Checking or Flagstar Elite Checking account.
    • Minimum $50 deposit to open checking account.
    • You will receive a $250 credit for Flagstar Ready Checking or a $350 credit for Flagstar Elite Checking into this account as a bonus 91-104 days after an initial deposit is made to the new account (account funding) opened, subject to the following conditions:
    • Within the first 90 days of the account funding (bonus period) you must maintain an average daily Balance of $500 or more and have one or more direct deposits (ACH credits) totaling $500 or more.
    • Additionally, (i) this offer is limited to one checking bonus per household, (ii)Flagstar Ready Checking account must be funded within 90 days of the account opening date, Flagstar Elite Checking account must be funded within 60 days of the account opening date, (iii) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days, and (iv) Flagstar Bank employees are not eligible for the offer.
    • If you have been paid a checking cash bonus previously, you are ineligible to receive this offer.
    • For tax purposes, you will receive an IRS form from Flagstar Bank.
    • Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee your eligibility. A
    • ll account applications are subject to our normal approval process. Area restrictions may apply.
    • Offer expires April 30, 2024.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    • Flagstar ready checking account has no monthly fee when you opt into eStatements
    • Flagstar Elite Checking has a $15 monthly service charge, waived when you maintain a $25,000 combined monthly average balance in your Flagstar personal deposit accounts

    Early Account Termination Fee

    Bonus is forfeit if account is closed within 180 days

    Our Verdict

    Previously there was a $250 bonus that didn’t require a direct deposit. Seems to be available in more states now. The $350 checking bonus isn’t worth considering due to the $25,000 deposit requirement to keep the account fee free (remember account needs to be kept open for 180 days to avoid the closure fee). If you put those funds into a high yield account earning 5% you’d earn $625. We will add this bonus to our best bank account bonuses.

    Hat tip to reader Jason S

    Useful posts regarding bank bonuses:

    William Charles

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  • Axos Bank $300 Checking Bonus – Doctor Of Credit

    Axos Bank $300 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: Nationwide
    • Direct deposit required: Yes, $1,000+ per month for three months 
    • 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: July 31, 2024

    The Offer

    Direct link to offer

    • Axos Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
      • Use promo code FREEDOM300
      • Set up a direct deposit of $1,000 per month and earn $100 bonus per month (up to $300)

    The Fine Print

    • To be eligible to earn all or a portion of the cash incentive as part of the “FREEDOM300″ $300 promotion, an Axos Bank Rewards Checking account that includes the promotional code ” FREEDOM300″ must be opened between November 1, 2023, at 12 a.m. PST and July 31, 2024, at 11:59 p.m. PST. Axos Bank reserves the right to limit each primary account holder to one (1) checking account promotional offer per year, and customers who have held primary ownership of an Axos Bank or Axos Bank for Nationwide checking account at any time in the past 12 months may be disqualified from the ” FREEDOM300″ offer. Promotional terms and conditions are subject to change or removal without notice. Bonus cash may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After meeting the initial requirements mentioned above, the amount of cash bonus earned will depend on meeting the additional requirements outlined below:
    • To earn up to a $300 bonus, you must be approved for your new Axos Bank CashBack Checking account, fund it within 30 days of account opening, and have qualifying direct deposits that total at least $1,000.00 each calendar month. A cash bonus of up to $300 can be earned in the following manner during the first four (4) statement cycles. A statement cycle is a calendar month consisting of the days your account was open during that month. A maximum of three (3) payouts of $100 for each calendar month that the CashBack Checking account is receiving the direct deposit requirement, the bonus can be earned during the first four (4) statement cycles, and the bonus will be deposited into your Axos Bank CashBack Checking account within 10 business days following the end of the statement cycle in which the direct deposit requirement was met. Your Axos Bank CashBack Checking account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus, and your Axos Bank CashBack Checking account must remain open for 120 days, or an early closure fee of up to $300 may apply, equal to the amount of the total bonus earned up to $300.
    • 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

    Axos Bank Rewards Checking account must remain open for 210 days, or an early closure fee of up to $300 may apply, equal to the amount of the total bonus earned up to $300.

    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). This is significantly better than the other $300 bonus as the requirements are so much easier. If you’re eligible I think this is worth doing and we will add this to our list of the best bank account bonuses.

    Hat tip to reader Bockrr

    Useful posts regarding bank bonuses:

    William Charles

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

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

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

    Offer at a glance

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

    The Offer

    Direct link to offer

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

    The Fine Print

    • Eligibility Requirements:

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

    • Bonus Requirements:

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

      Bonus Payment:

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

    Avoiding Fees

    Monthly Fees

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

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

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

    Our Verdict

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

    Hat tip to reader David

    William Charles

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  • Capital One $250 Checking Bonus – Doctor Of Credit

    Capital One $250 Checking Bonus – Doctor Of Credit

    Offer at a glance

    The Offer

    Direct link to offer

    • Capital One is offering a $250 bonus when you open a new checking account and complete the following requirements:
      • Use promo code REWARD250
      • Set up and receive at least 2 direct deposits, each of $500 or more, within 75 days of account opening

    The Fine Print

    • If you have or had an open 360 Checking, Simply Checking, or Total Control Checking account as a primary or secondary account holder with Capital One on or after January 1, 2022, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing before you receive the bonus, you will not receive the bonus. No minimum balance is required to be maintained in order to receive this bonus.
    • Here’s the full scoop on how to earn your $250 bonus:
    • Open a 360 Checking account on or after February 21, 2024, using promotional code REWARD250.
    • Set up and receive at least 2 Qualifying Direct Deposits each of $500 or more to your 360 Checking account within 75 days of account opening.
    • Capital One will deposit the bonus into your account after the first two requirements listed above are completed. See below for when the bonus will be posted.
    • What is a Qualifying Direct Deposit?A Qualifying Direct Deposit is a regular periodic payment, such as salary, pension, government payments (for example, Social Security), or other monthly income that occurs as an Automated Clearing House (ACH) or Real-Time Payment network credit from your employer or an outside entity.

      Wire transfers, ACH credits, and funds transfers initiated using Capital One’s website or mobile app are not considered a Qualifying Direct Deposit.

    • 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

    There is no early account termination fee

    Our Verdict

    I’d probably recommend waiting for a bigger offer to return, we saw $350 last year for example. Because of that I won’t add it to the best bank account bonus page.

    Hat tip to Dougiechurns

    Useful posts regarding bank bonuses:

    William Charles

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

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

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

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

    Offer at a glance

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

    The Offer

    Direct link to offer

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

    The Fine Print

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

    Avoiding Fees

    Looks like all the checking accounts are now fee free.

    Early Account Termination Fee

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

    Our Verdict

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

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

    Useful posts regarding bank bonuses:

    Post history:

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

    William Charles

    Source link

  • [MI] Community Financial Credit Union $750 Business Checking Bonus – Doctor Of Credit

    [MI] Community Financial Credit Union $750 Business Checking Bonus – Doctor Of Credit

    Offer at a glance

    The Offer

    Direct link to offer

    • Community Financial Credit Union is offering a $750 business  bonus when you open a new business checking account and complete the following requirements:
      • Open a new business checking account
      • Open the account with funds from outside Community Financial Credit Union
      • Use your business debit card 5 times per month for 3 months
      • Maintain a $15,000 minimum balance for 3 months

    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

    Free business checking has no monthly fee to worry about.

    Early Account Termination Fee

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

    Our Verdict

    There is also a personal checking bonus for $750. That bonus is better as it only requires a $5,000 bonus but both still worth doing if you can.

    Hat tip to Tikky

    Useful posts regarding bank bonuses:

    William Charles

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  • Commerce Bank $300 Checking Bonus – Doctor Of Credit

    Commerce Bank $300 Checking Bonus – Doctor Of Credit

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

    Offer at a glance

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

    The Offer

    Direct link to offer

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

    The Fine Print

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

       

    • To qualify for the $300 bonus: a) You must provide the promo code above at the time of account opening; b) Your new Commerce Free Checking account must be opened by February 27, 2024 and funded within 30 days; c) You must complete at least 10 purchases using your associated debit card within 60 days of account opening. ATM withdrawals, pending transactions and withdrawals at a branch using your debit card are not qualifying transactions; d) Account must have a balance of at least $300 after all transactions, fees and charges have been applied at the end of nightly processing, 60 days after account opening; and e) You must be a new checking customer, meaning one who has not owned a Commerce Bank checking account in the 12 months prior to account opening. We will determine whether all requirements for the bonus have been met, 60 days after account opening. If you have completed all the above requirements and your account remains open, your bonus will be paid approximately 90 days after account opening, by crediting your Commerce Free Checking account. Maximum total bonus $300. The bonus will be reported as interest to the IRS. Commerce Bank reserves the right to determine eligibility for offer using Commerce Bank’s records. Offer may be revoked, restricted, or changed at any time at Commerce Bank’s sole discretion. Annual percentage yield 0.00%. Fees could reduce earnings on the account.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Free checking account obviously has no fees to worry about ($200 bonus). Commerce Relationship ($500 bonus) has a $20 monthly fee. This is waived if you do any of the following: $5,000 average daily balance in this account OR $15,000 in combined deposit balances (checking, savings, money market, CD, and retail IRAs)

    Early Account Termination Fee

    According to this comment no early termination fee is charged.

    Our Verdict

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

    Useful posts regarding bank bonuses:

    William Charles

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  • [Washington D.C only] Andrews Federal Credit Union $150 Checking Bonus – Doctor Of Credit

    [Washington D.C only] Andrews Federal Credit Union $150 Checking Bonus – Doctor Of Credit

    Update 1/13/24: Extended until extended until 1/31

    Offer at a glance

    • Maximum bonus amount: $150
    • Availability: Must live, work, worship or attend school in Washington D.C. Looks like joining the ACC might also make you eligible.
    • Direct deposit required: Yes, $500+
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: $25, 60 days
    • Household limit: None listed
    • Expiration date: 12/31/2023

    The Offer

    Direct link to offer

    • Andrews Federal Credit Union is offering a bonus of $150 when you open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking and complete the following requirements:
      • Use promo code GET$150
      • Make a direct deposit of $500+ and maintain that for 90 days

    The Fine Print

    • To receive the $150 bonus, you must (1) establish a new membership with Andrews Federal Credit Union; (2) open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking; (3) start a new direct deposit of $500 or more to your new checking account within sixty (60) calendar days of opening the account; and (4) maintain that direct deposit for at least ninety (90) calendar days (i.e. ninety (90) calendar days from the date of the first direct deposit to the account).
    • Membership and checking account must be opened during the promotional period of 11/15/2023 and 12/31/2023.
    • You must meet the terms of your new checking account type, including the direct deposit requirement, in order to be eligible for the $150 bonus.
    • Qualifying direct deposits include recurring electronic deposits of payroll, pension, or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify. No minimum balance required to open a new Kasasa Cash, Kasasa Cash Back, Forces, or Online Checking account; the minimum balance to maintain each checking account type may vary, visit the individual product pages linked above for full account details.
    • The $150 will be credited to the new checking account after you have met the 90 day direct deposit requirement, if all other checking account requirements are also met.
    • Existing primary Andrews Federal members (i.e. memberships opened prior to 11/15/2023) are not eligible for this offer.
    • Previous memberships that were closed within 180 days prior to promo are not eligible for this offer.
    • Your new Andrews Federal checking account must still be open and in good standing when we seek to credit the bonus, otherwise the bonus is forfeited.
    • Only one bonus will be awarded per member regardless of the number of accounts opened.
    • Bonus offers are not transferable and are reportable for tax purposes.
    • A $25 early account closing fee applies if the account is closed within 60 days of opening.
    • All Andrews Federal checking and savings accounts are subject to Andrews Federal standard account agreements.
    • Offer is subject to change at any time.
    • Employees, Directors or contractors of the Credit Union, or their direct family members 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

    These accounts have no monthly fees to worry about.

    Early Account Termination Fee

    A $25 early account closing fee applies if the account is closed within 60 days of opening

    Our Verdict

    Previously this was $200 with the same requirements. Still worth doing and the Kasasa Cash checking account earns 6% APY on up to $25,000. We will add this to our list of best bank account bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [VA, OH & PA only] Dollar Bank $300 Checking Bonus – Doctor Of Credit

    [VA, OH & PA only] Dollar Bank $300 Checking Bonus – Doctor Of Credit

    Update 11/19/23: Extended until 12/31/23.

    Update 11/13/23: Extended until 11/18/23.

    Update 9/11/23: Extended until 10/31/23.

    Update 6/5/23: Extended until 8/31/23.

    Update 3/1/23: Extended until 4/30/23.

    Update 1/25/23: Deal is back and valid until 2/28/23.

    Update 9/11/22: Extended through  10/31/22.

    Updated 7/4/22: Extended through 8/30/22.

    Update 5/2/22: Extended through 6/30/22.

    Update 3/27/22: Extended until April 30th, 2022.

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: OH, VA & PA
    • Direct deposit required: Yes, $5,000+
    • Additional requirements: See below
    • Hard/soft pull: Soft
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: $5, avoidable
    • Early account termination fee: Need to keep account open for one year to get full bonus
    • Household limit: One
    • Expiration date: March 31st, 2020 July 31st, 2020 September 30, 2020 December 31, 2020 March 31, 2021 April 30, 2021

    The Offer

    Direct link to offer : VA | OH | PA

    • Dollar Bank is offering a bonus of $300 when you open a new checking account with promo code CHK22 and complete the following requirements:
      • Get $200 in Mastercard debit card rebates with a total of $2,500 in direct deposits within 90 days of account opening.
      • And, get $100 after your one-year anniversary of account opening.

    The Fine Print

    • To qualify for the offer, an Everything Checking account must be opened by 3/31/20.
    • Offer is for new checking customers only.
    • Those who had an open checking account within the past 180 days are not considered to be new customers and are not eligible for the offer.
    • Up to $400 is available in one $100 Mastercard debit card rebate, one $200 credit, and one $100 credit. To receive the $100 Mastercard debit card rebate, the account must receive cumulative direct deposits of $1,000 or more within 90 days of account opening and the account must be in good standing.
    • The $100 Mastercard debit card rebate will be added to the new checking account within 40 days of the qualifying cumulative direct deposits.
    • To receive the $200 credit, the account must receive cumulative direct deposits of $5,000 or more within 90 days of account opening and the account must be in good standing.
    • The $200 will be credited to the new checking account within 40 days of the qualifying cumulative direct deposits.
    • The $100 credit will be applied within 2 months of the 1-year anniversary of account opening provided the account qualified for the $100 debit card rebate, is active, in good standing and is in a qualifying plan.  Maximum amount is $400 per account and one per household.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Everything Checking Account $5 Monthly

    The Everything checking account has a $5 monthly fee, it’s waived if either of the following conditions is met:

    • Six payments via check, Online Banking bill payments, Telephone Banking bill payments, ACH debit, or Point of Sale transactions (both signature or PIN based) posted to the account.
    • You have an average checking balance of $2,500 or more

    Early Account Termination Fee

    Need to keep account open for one year to get full bonus, but $25/180 EATF otherwise.

    Our Verdict

    Bigger bonus we’ve seen before is $400. This is a slightly different offer, but still very much worth doing in my opinion. It’s annoying you need to keep the account open for a full year to get the full bonus. I’ll be adding this to our list of the best checking bonuses.

    Hat tip to reader Derek D

    Useful posts regarding bank bonuses:

    Post history:

    • Update 8/9/21: Deal is back and valid until 9/30.
    • Update 6/5/21: Deal is back and valid until 7/31/21.
    • Update 4/24/21: $300 offers all dead, dollar.bank/ads/200-va.
    • Update 4/13/21: Extended until April 30, 2021.
    • Update 2/2/21: Deal is back and valid until March 31, 2021. Bonus is now only $300 instead of $400. Because of that I would recommend waiting. Hat tip to reader Gadget.
    • Update 11/3/20: Extended until December 31, 2020
    • Update 10/11/20: Deal available again until October 31. Hat tip to Xinqing W
    • Update 8/25/20: Deal available again until August 31. Hat tip to Gadget
    • Update 5/30/20: Extended until July 31st, 2020.
    • Update 3/28/20: Deal has been extended until 5/30/20. Hat tip to reader Don B

    William Charles

    Source link

  • [AL, FL, GA, MD, NC, SC, TN, VA] Ameris Bank $300 Checking Bonus – Doctor Of Credit

    [AL, FL, GA, MD, NC, SC, TN, VA] Ameris Bank $300 Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: Might be nationwide, otherwise AL, FL, GA, MD, NC, SC, TN, VA
    • 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: $30, 90 days
    • Household limit: None listed
    • Expiration date:  2/29/2024

    The Offer

    Direct link to offer

    • Ameris Bank is offering a bonus of $300 when you open a new free checking account and complete the following requirements:
      • Enroll in e-statements
      • Receive qualifying direct deposits totaling $1,500 or more into your account within 90 days of account opening

    The Fine Print

    • This offer is for new consumer checking account customers only. All signers on the account must be new customers to qualify. Bonus offer is limited to one new Free Checking account per eligible customer. Excludes bank employees, officers and directors, and existing consumer checking account customers, including customers that have closed an account in the past 90 days. Customers that have been paid an Ameris Bank promotional payment in the past 24 months are not eligible.

       

    • To receive $300 bonus: Open a new Free Checking or Online Free Checking account and within 90 calendar days of account opening (90-day period), complete the following:
      Register for online banking and enroll your new account in e-statements, and
      Receive at least $1,500 in qualifying direct deposits into the account. Direct deposits must be an automatic recurring electronic deposit of your salary, pension, Social Security, or other regular income into your bank account. A Direct deposit is considered received on the date it posts to your account. Other types of electronic deposits such as person to person payments, as well as transfers from one account to another, mobile deposits, or deposits made at a branch, or ATM do not qualify as a direct deposit.
    • Bonus Payment: At the end of the 90-day period, we will determine if you have met the bonus offer requirements and deposit any earned bonus into your account within 30 days. Your account must be open and in good standing to receive bonus at time of payment. An account in good standing is defined as: open, funded, and not overdrawn. A bonus payment is considered interest and 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

    There is a $30 early account termination fee if closed within 90 days.

    Our Verdict

    Previous best deal was $100. Hopefully this is available nationwide and if it is I suspect it will end early.

    Useful posts regarding bank bonuses:

    William Charles

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  • [CA only] Patelco Credit Union $100 Referral Bonus – Doctor Of Credit

    [CA only] Patelco Credit Union $100 Referral Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $100
    • Availability: CA only
    • Direct deposit required: No
    • Additional requirements:
    • Hard/soft pull: Soft without overdraft protection
    • ChexSystems: Unknown, sensitive
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None
    • Expiration date: None

    The Offer

    Direct link to offer

    • Patelco Credit Union is offering a referral bonus of up to $100 to the person being referred. Bonus is as follows:
      • Earn $50 by becoming a member and opening a checking account (with a $100 minimum deposit).
      • Earn an additional $50 bonus when they open a Money Market Plus or Money Market Select account
    • Person referring receives a $50 bonus when the new member opens the checking account, up to a maximum of $500.

    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

    Neither account has any 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 your referral information in the comments below. Looks easy to meet the requirements as you just need to open the accounts.

    Hat tip to reader Dr Churn

    Useful posts regarding bank bonuses:

    William Charles

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  • [FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC] Fifth Third $350 Checking Bonus – Doctor Of Credit

    [FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC] Fifth Third $350 Checking Bonus – Doctor Of Credit

    Update 10/28/23: Bonus now $350. Hat tip to Etheostoma

    Update 5/1/23: Bonus now $225.

    Update 2/27/23: Bonus reduced to $275.

    Update 12/2/22: Bonus now $325. Better to wait for $375 to return.

    Update 9/17/22: Bonus is now $250. We have removed this from the best bank bonus page as previously it was $375.

    Update 7/4/22: Extended through September 30, 2022.

    Update 6/11/22: Bonus has been increased to $375.

    Update 5/2/22: Bonus is now $350 instead of $300. Direct deposit requirement reduced to $500 from $1,000.

    Update 4/2/22: Extended until June 30, 2022.

    Update 1/6/22: Extended until 03/31.

    Update 9/8/21: Deal is back and valid until December 31, 2021.

    Update 7/25/21: Deal is back and valid until Sep 30.

    Update 4/12/21: Deal is back until June 30, 2021.

    Update 1/6/2021: Deal is back and valid until March 31, 2021. Online opening no longer offered. Hat tip to reader AllwaysLearning22.

    Update 9/16/20: Deal is back and now requires $2,000 (or $1,000) in direct deposits unfortunately. Better to wait for the no direct deposit deal to return.

    Offer at a glance

    • Maximum bonus amount: $375
    • Availability: Only in the following states: FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC (may be only for those within a 50-mile radius of a branch). A lot of the time you’ll need to go in branch to complete the account opening.
    • Direct deposit required: $500+
    • Additional requirements: None
    • Hard/soft pull: Soft
    • ChexSystems: Yes
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None
    • Expiration date: September 30th, 2017 December 31st, 2017. March 31st, 2018 June 30th, 2018 September 30th, 2018 December 31st, 2018 March 31st, 2019 April 30th, 2019 June 30th, 2019 October 31st, 2019. August 31, 2020. September 30th, 2020 October 31, 2020 December 31, 2020 March 31, 2021 Note these offers are known to expire earlier than the expiration date so do not leave it to the last minute.

    The Offer

    Direct link to offer

    • Fifth Third is offering a $350 bonus when you open a new Fifth Third Essential checking account when you complete the following requirements:
      • Make direct deposits totaling $500 or more within 90 days of account opening

     

     

    The Fine Print

    • Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking or Express Banking account that has been closed within the last 12 months.
    • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
    • Essential Checking account must be opened between 1/1/2021 and 3/31/2021.
    • Bonus will be deposited into your new checking account within 10 business days of completing requirements.
    • Basic Checking, Express Banking and Business Checking accounts are excluded from this offer.
    • Bonus may be taxable as interest income and reported on IRS Form 1099-INT.

    Avoiding Fees

    Some states are able to open the Free Checking Account with Extra time (now called Momentum checking), that’s the best option if available. Kentucky, Ohio, Indiana, Illinois, and Michigan all have the free option. Other states have another free checking offer.

    Early Account Termination Fee

    This account does not have an early account termination fee

    Our Verdict

    Fifth Third used to to offer a $300 bonus with no direct deposit or a $500 bonus with a direct deposit but neither of those offers have been seen since 2019. The standard bonus has been $300, so this is an increased offer by $50. We will be adding this to our best bank bonus page.

    Useful posts regarding bank bonuses:

    Post history:

    • Update: Some offers now requiring direct deposit, make sure to triple check your offer.
    • Update 6/12/20: Deal is back and valid until August 31, 2020. It looks like they are split testing offers though as I’ve seen offers for $50, $150 and $250 depending on the device I used. Make sure you see the $250 offer before applying, the $150 also has a direct deposit requirement whereas the $250 offer does not.  You can try using a VPN or clearing cookies to get the $250 offer to show. Hat tip to reader newbie & Ben
    • Update 1/4/20: Deal is back and valid until April 30th, 2020. This replaces the $500 deal. A lot of people will prefer this deal as it only requires $500 to be deposited rather than $20,000.
    • Update 7/1/19: Deal has been extended until September 30th, 2019
    • Update 5/20/19: Deal has been extended until June 30th, 2019. Hat tip to YAR
    • Update 1/6/19: Bonus is $250, I’d still recommend waiting for a bonus of $300 instead. There was also a recent $200 + $200 deal as well.
    • Update  07/01/18: Bonus has been extended until September 30th, 2018 but reduced to $200. I’d recommend waiting for the bigger $300 bonus to come back.
    • Update 04/02/18: Bonus is now $250 instead of $200. Can be opened online (e-mail yourself a coupon and then follow the prompts)
    • Update 01/07/18: Bonus is back but is now only $200 instead of $300. Might be worth waiting for a bigger bonus to come along.
    • Bonus has been increased to $300 and can be opened online again! Hat tip to reader Yaobang. Looks like $300 offer is only showing for some people, try incognito mode or google search for ‘Fifth Third’ or ‘Fifth Third $300’ and see if there is an ad for the offer or look at the comments for more ideas.

    William Charles

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