Update 4/20/26: Deal is back, no end date listed. Requires $1,000 direct deposit now and bonus isn’t split anymore, need to complete all of the requirements to get any bonus.
Offer at a glance
- Maximum bonus amount: $250
- Availability: AL
- Direct deposit required: Yes, $1,000+
- Additional requirements: 30 transactions
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None with eStatements
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: December 31, 2025
Contents
The Offer
- Local Bank is offering a $250 bonus when you open a new checking account and complete the following requirements:
- Use promo code CAP2026
- Receive $1,000 in qualifying direct deposits within 30 days
- at least 30 qualifying transactions within 90 calendar days
- Minimum $100 account balance when bonus posts
The Fine Print
- $250 bonus available when opening a new qualifying checking account and meeting promotion requirements.
- Requires $1,000 in qualifying direct deposits within 30 calendar days of account opening, at least 30 qualifying transactions within 90 calendar days, and a minimum account balance of $100 at the time the bonus is credited. Account must remain open and in good standing. Bonus will be deposited within 30 calendar days after the qualification period is met. Use promo code CAP2026 when opening your account. Bonus may be considered taxable income and reported to tax authorities. Offer available only to the primary account owner. Offer subject to change or discontinuation without notice. Member FDIC.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is a $5 monthly fee, this is avoided with eStatements
Early Account Termination Fee
I was unable to find a fee schedule so unsure
Our Verdict
Terms are a bit confusing, looks like you need to open in branch but there is a promo code and can open online? Not entirely sure what’s going on.
Hat tip to ShawntheShawn
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
