Offer at a glance
- Maximum bonus amount: $250
- Availability: CO, KS, NE, IA, SD, IL, KS
- Direct deposit required: Optional
- 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: 9/12/2021
The Offer
- FNBO Bank is offering a bonus of $250 when you open a new checking account when you complete the following requirements:
- Use promo code GET250
- Open account and get a $50 bonus
- Receive a direct deposit of at least $250 or more for two consecutive 30 day periods or make a minimum of 9 debit card transaction for a minimum of $250 for two consecutive 30 day periods and get a $200 bonus within 120 days of account opening
The Fine Print
- Available at new branch location only.
- Must be a new FNBO checking account, cannot be an owner or joint owner on a current First National Business or Individual checking account opened by 9/12/2021.
- The $50 new account opening bonus will be credited to your account within 15 days of account opening.
- The $200 direct deposit bonus will be credited to your account within 30 days of the date we receive your qualifying direct deposits.
- Qualifying direct deposits must be received within 120 days of the account being opened and the account must be open to receive the bonus.
- A qualifying direct deposit is defined as deposit, such as a customer’s salary, pension, Social Security, or other regularly monthly income, electronically deposited through the Automated Clearing House (ACH) network to this checking account by your employer or an outside agency.
- To receive the bonus, a minimum qualifying direct deposit or deposits totaling $250 must post to your checking account for two (2) consecutive 30 day periods, or through a minimum of nine (9) credits posting to your checking via a debit card transaction for a minimum of $250 for two consecutive 30 day periods.
- The deposits must post to your account within 120 days of account opening.
- Transfers and/or deposits made via ATM, online or teller, and transfers from a bank or brokerage account do not constitute a credit or direct deposit. Small Business Checking Accounts must be opened in branch only.
- This promotion may not be combined with any other offer. Limit one per business per account. One bonus will be applied if multiple accounts are opened at the same address.
- The $10 new small business checking relationship bonus will be credited to your account immediately. The $240 bonus will be credited to your account 30-60 days from the date the account is opened. Account must be open to receive bonus. All account bonuses are subject to IRS reporting and will be reflected on a 1099-INT statement.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is a free checking account with no monthly fees.
Early Account Termination Fee
Wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not.
Our Verdict
The fine print is a little weird as it talks about opening in branch, but then there is a code to open online. Part of the bonus has already posted when opening online (from reader who sent this out), so should work for others.
Hat tip to WhatWeTacoBoutWhenWeTacoBoutLove
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