Offer at a glance
- Maximum bonus amount: $200
- Availability: In branch only, all branches are in Indiana [Branch locator]
- Direct deposit required: Yes, $500+
- Additional requirements: eStatements + 5 debit card transactions
- Hard/soft pull: UnknownÂ
- ChexSystems: Unknown
- Credit card funding: UnknownÂ
- Monthly fees: None
- Early account termination fee: 120 days, bonus forfeit
- Expiration date: December 30th, 2016
The Offer
- Open a new Star Bank checking account at any branch with a coupon (see page to get coupon) and receive a bonus of $200 when you complete the following requirements:
- Receive a monthly direct deposit of at least $500
- Enroll in eStatements
- Make at least five debit card transactions
The Fine Print
- New checking customers only.
- $50 minimum deposit to open a checking account.
- Account must remain open and in good standing for 120 days.
- Bonus will be deposited to the account at the end of 120 days if the following conditions are met: monthly direct deposit of at  least $500, e-statements, and at least five (5) debit card transactions.
- Consumer accounts only. Employees of STAR Financial Bank are not eligible.
- Only one offer per household. Offer is non-transferable.
- Expires 12/30/2016.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Best account to open would be the E-Checking account as it has no monthly fee to worry about. You need to keep the account open for 120 days to avoid the early account termination fee and get the bonus
Our Verdict
As always, it’s too early to say if this is a good or bad deal. The upside of it being in branch is that you can ask if it’s a soft or hard pull before opening the account. Please share your experiences in the comments below. A list of the top checking bonuses are found here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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