Offer at a glance
- Maximum bonus amount: $100
- Availability: MI [Bank Locator]
- Direct deposit required: Yes, $100+
- Additional requirements: 10 debit card transactions
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: $5, waivable
- Early account termination fee: $50, 90 days
- Expiration date: None listed
Contents
The Offer
- Receive a sign up bonus of $100 when you open a personal checking account with Macatawa Bank and complete the following requirements within the first 60 days:
- Make ten debit card purchases
- Receive a direct deposit of at least $100
The Fine Print
- Offer valid on personal checking accounts for a limited time
- $25 account minimum opening balance requirement must be met at the time of account opening in order to qualify
- Minimum direct deposit of $100 per transaction set up by 2nd statement cycle
- The $100 cash bonus will be credited to the new checking account after the 3rd statement cycle
- Only one offer available per household per year.
- Cannot be combined with any other offer.
- Offer is limited to consumers only.
- Offer is not available to existing personal checking account holders, Macatawa Bank employees or their immediate family members.
- Accountholder must not have had or been a signer on a personal checking account with Macatawa Bank during the last 90 days
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
$50 Early Account Termination Fee
There is a $50 early account termination fee if you closed the account within 90 days according to their fee schedule.
Rewards Checking $5 Monthly Fee
The easiest account to keep fee free is their rewards checking account. The $5 monthly fee is waived if:
- $500 daily balance or $2,500 relationship balance or
- eStatement enrollment or
- Age 23 or younger (Young Adults) or age 60 or better (Seniors)
Our Verdict
Really need to know if it’s a soft or hard pull before we can comment on whether it’s a good deal or not, seems pretty easy to meet the requirements (read this for ideas on how to easily meet the debit card requirements). If you have any experience with this bank and can comment on whether it’s a hard or soft pull then please let me know in the comments.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To 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