Amerant Bank $300 Checking Bonus


Offer at a glance

The Offer

Direct link to offer

  • Amerant Bank is offering a $300 bonus when you open a new value checking account and complete the following requirements:
    • Receive a qualifying direct deposit within 90 days
    • Maintain an average balance of $10,000 on your 2nd and 3rd statement cycle and have your account open for 90 days.

The Fine Print

  • Offer not available to existing Amerant Bank customers, prior customers who have had an Amerant Bank personal checking relationship within the preceding 90 days or have been paid a promotional premium in the past 24 months.
  • Limited to one checking account per new customer.
  • If multiple accounts are opened with the same signers, only one account will be eligible for the bonus Applicant must be a citizen or resident alien of the United States (U.S.) who is at least 18 years old with a valid U.S. taxpayer identification number.
  • To qualify for the bonus: (i) open your new Value Checking Account online at OR at an Amerant Bank branch location from 09/13/2021 through 11/30/2021; (ii) have your Qualifying Direct Deposit(s) made to the account within 60 days of account opening; and (iii) maintain a minimum average balance in the account of $10,000 for 60 days following the first 30 days of account opening.
  • We will deposit the bonus in your new account within 60 days after you have completed the above conditions.
  • To receive the bonus, your Value Checking Account must be open and in good standing at the time of payout.
  • The bonus will appear as “Cash Bonus” on your monthly statement and will be reported on the applicable IRS form as interest income.
  • This promotion may be extended, modified or discontinued at any time, and may vary by market.
  • 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 when you do either of the following:

  • Enroll in Online Statements or monthly Direct Deposits or complete 4 Debit Card transactions per statement cycle

Early Account Termination Fee

Unable to find the fee schedule so unsure if there is any early account termination fee or not.

Our Verdict

I assume this account can be open nationwide, but don’t know that for sure. Bit annoying to need the $10,000 in there for two months but worth doing for a $300 bonus. We also don’t have any datapoints on what counts for direct deposit. We will add this to our list of the best bank account bonuses.

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