Posted by William Charles on June 17, 2017
Bank Account Bonuses

Published on June 17th, 2017 | by William Charles

12

[GA only] Signature Bank of Georgia $300 Personal Checking Account Bonus

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Georgia. Supposed to be for Sandy Springs residents only, greater Atlanta area should be fine as well. Said they would pull promo early if too many applicants.
  • Direct deposit required: Yes, unspecified amount
  • Additional requirements: See below
  • Hard/soft pull: Unknown (soft according to rep)
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: Unknown
  • Early account termination fee: Bonus forfeit six months
  • Household limit: None listed
  • Expiration date: None listed

The Offer

Direct link to offer

  • Receive a $300 bonus when you open a new Signature Personal Checking checking account with Signature Bank of Georgia and complete the following requirements:
    • Receive $100 for keeping the account open for 30 days
    • Receive 200 for having a recurring direct deposit that posts and settles once a month within 90 days of account opening

The Fine Print

  • Bonus awarded for this offer is not available to existing checking clients and is not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • Type of account opened is the Signature Personal Checking and a $100 minimum deposit is required. Bonuses will be awarded within 30 days after the stipulations are met. $100 Bonus: 1) Open a Signature Personal Checking account, which is subject to approval; 2) Account must be open for 30 Days. $200 Bonus: 1) Have a recurring direct deposit post and settle once a month and within 90 days of account opening. Direct Deposit must be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. 2) Maintain your account satisfactorily with no overdrafts for 90 days.
  • You can receive this bonus only once in a calendar year.
  • Bonuses are considered interest and may be reported on IRS Form 1099-INT. Account Closing: If the checking account is closed within six months after opening, the bonus amount will be deducted from the balance at account closing.
  • Check order includes one box ordered at account opening of Style Code W-IP or WDIP.
  • The Bank reserves the right to discontinue this bonus offer at any time.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

I don’t see the personal signature checking account, so no idea what the monthly fee for this account is. You do need to keep the account open for six months to keep this bonus.

Our Verdict

$300 is a nice large bonus that we like to see. The problem is we don’t know enough about this bank or the bonus to really pass judgement. Hopefully a reader or two can chime in with their experiences in the comments below.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



12 Responses to [GA only] Signature Bank of Georgia $300 Personal Checking Account Bonus

  1. kim. says:

    There are no fees for the Personal Checking account. Gonna look into this offer.

  2. Ben O. says:

    I submitted the online “contact us” form. We’ll see what happens. Hopefully Ally or Paypal will trigger the DDs.

  3. Kelly says:

    I spoke to a rep and was informed that this is for residents of sandy springs area. The rep said I could fill out an app and they could see if they could make an exception. The rep also wasn’t too clear on if this was a soft pull or hard pull.

    • Vijay says:

      You’re right. This is just for Sandy Springs Residents but they confirmed me that it will be just soft pull. I am going for this and will let all know how it went.

  4. Mark says:

    Just sent a contact us form and waiting for response

  5. Keep us updated everybody!

  6. Kaung says:

    I called them this afternoon. Wasn’t the most informative rep, but I made an appointment to go see them later this week to try to open in person.

    – Said no monetary amount required on DD. So I suppose $1/month could work.
    – Told me I could fund the $100 “any way” I’d like. Going to bring a CC and try, but will have cash as backup.
    – Said it’s a soft inquiry.
    – She repeated a few times that the account is truly fee free, as an attempt to reach out to community and establish relationship.
    – Stated they will reimburse ATM fees nationwide. No details how quickly.

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