[Expired] [AZ, TX, IA, IL, WI, CO, NM, MT, CA, MN, KS, MO] Bank & Trust $300-$600 Checking Bonus (HTLF)

Deal has ended, view more bank account bonuses by clicking here.

Update: There are multiple different offers. Discussion here.

Update: Deal is back until  September 22, 2023. Now requires a deposit of $50,000+ for the full bonus . Hat tip to 14lopeza

Offer at a glance

• Maximum bonus amount: $600
• Availability: AZ, TX, IA, IL, WI, CO, NM, MT, CA, MN, KS, MO
• Direct deposit required: Yes, two direct deposits of $1,000+
• Additional requirements: eStatements
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $2,000. No American Express
• Monthly fees: None
• Early account termination fee: $25 + bonus forfeit, 90 days
• Household limit: None listed
• Expiration date: August 31, 2021

The Offer

For direct link to offer, see links under ‘eligibility’

• Bank & Trust is offering a bonus of up to $600 when you open a Signature Checking Account account and complete the following requirements:
  • To receive a $300.00 bonus, you must have a balance of at least $50,000.00 or more in your new checking account 60 calendar days after the account open date.
  • To receive a $300.00 bonus, you must have two direct deposits made into this account. Each direct deposit must be at least $1,000.00 or more posted to this account within 60 calendar days of account opening

Eligibility

• Arizona Bank & Trust (AZ). ($600 bonus)
• First Bank & Trust (TX) ($300)
• Dubuque Bank & Trust (IA) ($600 bonus)
• Illinois Bank & Trust (IL) ($600 bonus)
• Wisconsin Bank & Trust (WI) ($600 bonus)
• Citywide Banks (CO) ($600 bonus)
• New Mexico Bank & Trust (NM) ($300 bonus)
• Rocky Mountain Bank (MT) ($600 bonus)
• Premier Valley Bank (CA) ($600 bonus)
• Minnesota Bank & Trust (MN) (600 bonus)
• Bank of Blue Valley (KS & MO) ($600 bonus)

The Fine Print

• $600 bonus offer is not available to existing Arizona Bank & Trust consumer checking customers or those who have been paid a new account opening bonus since January 1, 2018.
• Bonuses only apply when opening a new consumer Platinum Checking or Signature Series Checking account at Arizona Bank & Trust or ArizBank.com during the promotional bonus period.
• The promotional bonus period is 6/8/2021-8/31/2021.
• If the account is closed by the customer or bank within 90 business days after opening, we may deduct bonuses earned and received at closing and a $25 account closing fee may be assessed.
• Closing the account will negate any unearned bonuses.
• All bonus dollars will be paid to the newly opened checking account.
• If multiple checking accounts are opened during the promotional bonus period under the same primary owner name, the bonuses will be paid to the account that was opened first.
• Limit one bonus per new consumer account relationship.
• To receive a $200 bonus, four minimum direct deposits of $1000 or more must be posted to your new checking account within 120 calendar days of account opening.
• Direct Deposit examples include payroll, pension, Social Security or other government benefits.
• A $200 bonus will be paid if the account has at least a $20,000 balance 90 calendar days after account opening.
• If 90th calendar day falls on a weekend or holiday, balance on the following business day will be used to qualify for the promotion.
• A $200 bonus will be paid if the account has at least a $20,000 balance on 1/14/2022. Bonuses will be paid by April 14, 2022.
• An IRS 1099 form may be issued. Only Platinum Checking and Signature Series Checking accounts are eligible for this promotion.
• No other checking accounts are eligible for the promotion.

Avoiding Fees

• Platinum checking has a $12 monthly fee, this is waived with a $7,500 average daily balance
• Signature series has a $9 monthly fee, this is waived with a $50,000 Average Daily Balance or $100,000 in total relationship balance

Our Verdict

Previously bonus only required having $20,000 rather than $50,000. Account needs to have 50,000 on day 180 as well, so not worth doing.  It doesn’t look like you actually need to hold the funds in the account for any period of time but not everybody has a liquid $50,000.

Hat tip to reader XenaWP