Update 2/16/22: Deal is back and valid until 3/31/22. Hat tip to Another DP
Update 10/9/21: Deal is back again. Hat tip to reader Gadget.
Update 5/6/21: Deal is back and valid through 6/30/21. Hat tip to Hoops
Offer at a glance
- Maximum bonus amount: $250
- Availability:OH, MI, IN and PA
- Direct deposit required: Yes, $100+
- 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: 180 days, unsure on fee
- Household limit: One (not enforced)
- Expiration date:
March 31, 2021June 30, 2021
The Offer
- Premier Bank is offering a bonus of $250 when you a new checking account. Promo code is Smile (must use the proper capitalization). Bonus is broken down as follows:
- Receive $50.00 for the completion of 10 debit card Point-of-Sale transactions ($10.00 minimum)
- Receive $50.00 for the completion of a People Pay transaction ($10.00 minimum)
- Receive $50.00 for the completion of a Mobile Deposit transaction ($10.00 minimum)
- Receive $50.00 for the completion of a Bill Pay transaction ($10.00 minimum)
- Receive $50.00 for the completion of Direct Deposits ($100 total minimum)
The Fine Print
- Your use of Premier Bank Mobile Banking services are governed by the Terms and Conditions document given during enrollment.
- Offer valid for new customers opening a checking account, does not include Access Banking account.
- Receive $50.00 for the completion of 10 debit card Point-of-Sale transactions ($10.00 minimum) within 45 days of account opening.
- Receive $50.00 for the completion of a people pay transaction ($10.00 minimum) in 45 days account of account opening.
- Receive $50.00 for the completion of a mobile deposit transaction ($10.00minimum) in 45 days account of account opening.
- Receive $50.00 for the completion of a bill pay transaction ($10.00minimum) in 45 days account of account opening.
- Receive $50.00 with a minimum direct deposits equaling $100 for the first 45 days of account opening.
- Incentives will be deposited into your new checking account 90 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 from 2/01/21 – 3/31/21.
- 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
This is a different bank to the Premier Bank in Iowa. A lot of requirements for the full bonus, if anybody goes this bonus then share your experiences in the comments below.
Hat tip to reader Scott S
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
