[IA, IL] Quad City Bank & Trust $300 Checking Bonus

Offer at a glance

• Maximum bonus amount: $300
• Availability: Must be an Iowa or Illinois resident.
• Direct deposit required: Yes, $1,000+
• Additional requirements:
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: 8/15/2025

The Offer

Direct link to offer

• Quad City Bank is offering a $300 bonus (or Yeti Cooler or Ninja Espresso in branch) when you open a new checking account and complete the following requirements:
  • Open a qualifying consumer checking account;
  • Set up reoccurring direct deposit totaling at least $1,000 within 90 days of opening the account;
  • The debit card has been used at least once during the statement cycle

The Fine Print

• This bonus is offered as a choice of a gift or a cash credit to the new account. New client can choose one of the following: Yeti Cooler (retail value $300), Ninja Espresso & Coffee Barista System (retail value $250) & QCBT Tumbler (retail value $20) or a $300 credit to the account.
• Bonus will be awarded within 30 calendar days after all the following requirements occur provided the account has been open a minimum of 30 days: a) Open a qualifying consumer checking account; b) Set up reoccurring direct deposit totaling at least $1,000 within 90 days of opening the account; c) The debit card has been used at least once during the statement cycle. Direct deposit examples are an electronic deposit of your paycheck, pension or government benefits from your employer or the government. In person deposits at the ATM or a bank branch and person to person payments (such as Zelle, Venmo or CashApp) are not considered a direct deposit. Additional terms of the bonus offer include: Customer will be notified by the bank when they have met the bonus requirements and are eligible to pick up their gift. If you do not pick up your gift within 30 days of being notified, your gift will default to the $300 credit to the account. Accounts opened online will automatically default to the $300 credit. If choosing the gift option, gift must be picked up at our QCBT Bettendorf branch (2118 Middle Road, Bettendorf, IA 52722). Gifts will not be shipped. If the $300 credit is selected, it will be applied as a credit to the client’s account within 30 calendar days of meeting the bonus requirements. Account must be opened a minimum of 30 calendar days, be active and have a positive balance at the time bonus is paid. Only new consumer checking account clients are eligible. Business accounts are not eligible for this promotion. New client cannot have closed a QCBT checking account within the previous 12-month period. Requirements must be met within the first six months. Business accounts are not eligible for this promotion.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Free checking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Previous best bonus was a $100 referral bonus.

Hat tip to reader Bockrr

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