Offer at a glance
- Maximum bonus amount: $250, the person doing the referring gets the bonus
- Availability: Must be fifty years or older and open in branch. Branches are all in Southern Maine and New Hampshire [Branch Locator]
- Direct deposit required: No, have $5,000 in personal checking or savings accounts and a total of $25,000 in deposits
- Additional requirements: Must be referred
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Expiration date: None
The Offer
- If you refer somebody to SIS Bank you get a bonus of $250, they just get free AARP membership and ID Theft 911. The person you refer must mention your name at sign up. They also need to complete the following requirements:
- Must have a minimum balance of $5,000 in an active SIS personal checking or savings account and
- AÂ minimum of $25,000 in total SIS deposits
The Fine Print
- The referral must come from an existing SIS Golden Rewards customer
- The new customer referral must not be an existing SIS customer and must become a customer of the SIS Golden Rewards program
- The referral bonus will be deposited into your account with 30 days of meeting requirements
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
I’m not sure if there is any early account termination fee as I couldn’t find their fee schedule.
Fast Lane Checking $0
The fast lane checking account has no monthly fees or minimums. You’ll also earn $0.25 per debit card transaction up to a maximum of $5 per month and $10 for your first direct deposit.
Our Verdict
I don’t think this bonus is really worth doing due to the high deposit requirements. You’d be better off putting the money into a high interest checking account. Because of this we haven’t added it to our list of the best checking accounts currently available.
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