Offer at a glance
- Maximum bonus amount: $200
- Availability: MI, 16-17 years old only
- Direct deposit required: None
- Additional requirements: Open debit card
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: No
- Expiration date: None listed
The Offer
- For TEENS aged 16-17 you can receive a sign up bonus of $200 when you open a free checking account and complete the following requirements:
- Open a checking account & receive $150
- Get your first debit card and receive $50
The Fine Print
- Parents and/or legal guardians must be joint on all services. Dormant fee may apply after one year of no activity
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is no monthly fee on this account, I couldn’t find a fee schedule so I’m unsure if there are any early account termination fee.
Our Verdict
Not many readers will be eligible for this one considering the age and location requirements. If it’s a soft pull then it’s a great deal and one to ease your kids into the world of bank account bonuses. We haven’t added it to our best bank bonus page because of the unknowns and also the age requirements.
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
