Offer at a glance
- Maximum bonus amount: $200
- Availability: OH, MI, IN and PA
- Direct deposit required: Yes, $1,000+
- Additional requirements: See below
- Hard/soft pull: Soft pull, make sure to opt out of overdraft protection
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees: None
- Early account termination fee:
- Household limit: One
- Expiration date: July 31, 2022
The Offer
- Premier Bank is offering a bonus of $200 when you a new checking account. When you meet the following requirements:
- Make 20 debit card Point-of-Sale transactions within 60 days of account opening
- Initiate and receive direct deposits totaling $1,000 or more into the account within 60 days of account opening
The Fine Print
- Offer valid for new customers opening a simple checking account.
- Receive $200 for the completion of 20 debit card Point-of-Sale transactions within 60 days of account opening AND initiate and receive direct deposits totaling $1,000 or more into the account within 60 days of account opening.
- Incentives will be deposited into your new checking account 120 days after account opening and after the completion of the corresponding requirements.
- Offer not available to existing Premier Bank checking account customers, those with a Premier Bank checking account closed within the past twelve (12) months, and employees of Premier Financial Corp. and their immediate family members living in the same household.
- May not be combined with any other offer, and only one offer valid per person per calendar year.
- Subject to change without notification.
- One offer per household.
- Minimum $50.00 deposit to open.
- Offer valid May 1, 2022 through July 31, 2022.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simple checking account has no monthly fees to worry about.
Early Account Termination Fee
A fee is charged if account is closed within 180 days.
Our Verdict
Not as good as the previous $250 bonus, but there are less requirements. Will add this to our list of the best bank account bonuses.
Hat tip to reader Kyle
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
