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Update 10/11/25: Bonus now $300.
Update 7/20/25: Bonus now $130.
Offer at a glance
- Maximum bonus amount: $300
- Availability: WI only
- Direct deposit required: Yes, $300+
- Additional requirements: Use promo code
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Must be kept open for 90 days
- Household limit: One
- Expiration date: None listed
The Offer
- PyraMax Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
- Use promo code WELCOME300
- Receive a direct deposit of $300+ per month within 60 days of account opening
The Fine Print
- Account must have a $300 minimum monthly Direct Deposit set up and received beginning within 60 days of opening the account.
- The account must remain open for 90 days and meet the account conditions, after which time the $300 Bonus will be deposited directly into the Checking account.
- Not available for HSA checking accounts.
- Limit one gift per household.
- Customer must mention this card at in-branch account opening or enter Promo Code: WELCOME300 at online account opening to be considered for this offer.
- Offer may not be combined with other promotions and may be withdrawn at any time. Receipt of gift may have tax consequences.
- Employees of PyraMax Bank and their immediate family are not eligible for this promotion.
- 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 seems to be the easiest account to keep fee free. It has a $5 monthly fee that is waived if you do three of the following:
- Receive a monthly direct deposit of $100 or greater
- Enroll in e-statements
- Maintain a $500 minimum balance in this account
- Maintain a $1,000 minimum balance in combined PyraMax bank deposits
- Perform 7 check card transactions
- Perform one online bill payment transaction
Early Account Termination Fee
Account needs to be kept open for at least 90 days
Our Verdict
Previous best bonus was only $125.
Useful posts regarding bank bonuses:
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William Charles
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