[GA, NC, SC, VA] South State Bank $200 Checking Bonus – Direct Deposit Not Required

0


Update 1/15/20: Deal is back and valid until March 31, 2021.

Offer at a glance

The Offer

Direct link to offer

  • South State Bank is offering a $200 checking bonus when you meet the following requirements within 60 days of account opening:
    • Use promo code EARN200
    • Have total qualifying direct deposits of $250 OR monthly automatic draft of $25
    • Make a minimum of 15 debit card purchases or payments

 

 

The Fine Print

  • Eligibility & Qualifications for the Promotional Rebate Offer: To receive the $100, you must meet each of the following criteria:
    • At account opening, you cannot be: an owner, or joint owner, on a South State Bank personal checking account or a South State Bank employee. You must open the account with a minimum opening deposit of $25.00 (excluding the Promotional Rebate amount).
    • Within 60 days of opening the checking account have either: monthly cumulative direct deposits of at least $250 which includes salary, pension, Social Security, or other regular recurring monthly income. (Note, however, that internal account transfers, deposits made at banking locations, by mobile deposits and ATM deposits do not qualify as a direct deposit.) OR one or more automatic draft of at least $25 to a non-South State Bank account.
    • Have 15 or more posted and cleared debit card purchases/payments from the account.
  • Promotional Rebate Payment: If you meet all of the Eligibility and Qualifications above, we will credit the Promotional Rebate to your Account within 2 business days of the completion of the 60 calendar day qualifying period. The Promotional Rebate will be reported to the appropriate taxing authorities, as required by law or regulation.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

South State Checking

This account has no monthly fees when you enroll in eStatements

Choice Checking Account $8 Monthly Fee

This is the easiest account to keep fee free fr most people. It has a $8 monthly fee that is waived if you do any of the following:

  • 5 debit card purchases/payments per statement cycle or
  • $250 in combined direct deposits, or
  • $1,000 average daily balance

Early Account Termination Fee

I didn’t find any mention of any early account termination fee in the fee schedule.

Our Verdict

Reasonably good deal as no direct deposit is required, obviously not the biggest bank account bonus but still worth doing if you’ve done the more lucrative bonuses. As always if you have any experiences with this bank or bonus then please share them in the comments below.

Useful posts regarding bank bonuses:

Post history:

  • Update 9/16/20: Deal is back and valid until November 30, 2020. Hat tip to reader Ben
  • Update 2/3/2020: Bonus is back and has been increased to $200 from $100.
  • Update 9/22/19: Bonus is back and valid until November 30th, 2019. Hat tip to DDG





Source link

Choose your Reaction!
Leave a Comment

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 54,307.00 0.30%
ethereum
Ethereum (ETH) $ 4,052.91 1.68%
tether
Tether (USDT) $ 1.00 0.02%
litecoin
Litecoin (LTC) $ 189.66 4.31%
binance-usd
Binance USD (BUSD) $ 1.00 0.28%
Apple Inc.  AAPL 
$156.81  $5.13  3.17%  
AMC Entertainment Holdings, Inc  AMC 
$37.63  $1.26  3.24%  
Tesla, Inc.  TSLA 
$1,081.92  $34.08  3.05%  
VBI Vaccines, Inc.  VBIV 
$2.78  $0.0800  2.80%  
GameStop Corporation  GME 
$199.72  $12.06  5.69%  
Walt Disney Company (The)  DIS 
$148.11  $3.23  2.13%  
DraftKings Inc.  DKNG 
$36.04  $0.4600  1.29%  
Airbnb, Inc.  ABNB 
$173.86  $6.03  3.35%  
Uber Technologies, Inc.  UBER 
$40.52  $1.56  3.71%  
DoorDash, Inc.  DASH 
$187.92  $2.99  1.62%  
Zomedica Corp.  ZOM 
$0.4265  $0.0089  2.04%  
Nokia Corporation Sponsored  NOK 
$5.55  $0.2100  3.65%  
United States Antimony Corporat  UAMY 
$0.6700  $0.0289  4.14%  
AMERICAN MANGANESE INCORPORATED  AMYZF 
$0.5170  $0.0580  10.09%  
Danimer Scientific, Inc.  DNMR 
$13.89  $0.0100  0.07%  
BurgerFi International Inc  BFI 
$7.37  $0.0500  0.67%