[Expired] [MO only] Callaway Bank $162 Checking Bonus – Direct Deposit Not Required

Deal has expired, view more bank account bonuses by clicking here

Update 8/18/19: Deal is back and now $162 instead of $160.

Reposting as it’s a soft pull.

Offer at a glance

• Maximum bonus amount: $160
• Availability: In branch only, all locations are in Missouri
• Direct deposit required: No
• Additional requirements: Yes, 12 debit card transactions totaling $100+
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Yes, up to $250
• Monthly fees: None
• Early account termination fee: 90 days, $35 fee
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• Get $162 when you open a new checking account with Callaway Bank and complete 12 debit card purchases (of at least $100 combined) within 2 months.

 

The Fine Print

• Requires $100 minimum deposit to open account.
• All regular account opening procedures apply and are subject to approval.
• Free checks include one box of standard duplicate checks.
• Cash bonus of $160 requires account to have 12 debit card purchases with a combined total of at least $100 within 60 days of the account opening.
• The bonus will be reported as interest earned on IRS Form 1099-INT and you are responsible for any applicable taxes.
• The bonus will be credited to your new checking account within 6-8 weeks after debit card transactions are completed.
• Account must be open to receive bonus.
• One offer per household.
• Individual must be 18 years or older to qualify and present a valid ID at account opening.
• Existing Callaway Bank checking account holders or those whose account closed within the past 6 months are not eligible.
• Offer expires July 31, 2017.
• See a Personal Banker for further details.

Avoiding Fees

They offer a free basic checking account with no monthly fees to worry about (eStatements are required apparently). I wasn’t able to find a fee schedule so I am unsure on whether they charge an early account termination fee or not. According to this comment it’s $35 if closed within 90 days.

Our Verdict

No direct deposit is very nice, shame it has to be opened in branch but at least it’s a soft pull. I’ll add this to our best bank bonus list. As always share your own data points in the comments below.

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