[AL, CA, IL, NJ, NY, TX, VA, WA, In Branch] Bank Of Hope $100 + $10 Student Checking, No Direct Deposit Required

Offer at a glance

• Maximum bonus amount: $100 + $10
• Availability: AL, CA, IL, NJ, NY, TX, VA, WA.  [Branch locations]
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, sensitive no longer sensitive (one person approved with lots of inquiries)
• Credit card funding: None
• Monthly fees: None 
• Early account termination fee: Six months, bonus forfeit
• Household limit: None
• Expiration date: September 30, 2025

The Offer

Direct link to offer

• Bank of Hope is offering a $100 bonus + $10 Starbucks giftcard when you open a new Bank Simply Checking account and enroll in College Banking benefits and complete 10 debit card purchases

The Fine Print

• Eligible to students ages 17-24 enrolled in college or a vocational, technical or trade school
• Limit one bonus per account per customer.
• The cash bonus will be credited to your checking account within 30 days after the 60-day qualification period.
• Eligible account must remain open and in good standing from the account opening date of your eligible account until the Bonus is paid
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about. 

Early Account Termination Fee

Wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not. Bonus is forfeit if closed within six months.

Our Verdict

Was a $388 bonus in the past or even $500. This one is geared to students and no direct deposit is required. Some might prefer to just wait for a bigger bonus to return and try to spoof any direct deposit requirement instead. 

Hat tip to reader Bockrr

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