Deal has ended, view more bank account bonuses by clicking here.
Update 12/1/24: Extended until December 31, 2024
Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes, not sensitive
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: November 29, 2024
Contents
The Offer
- Bask Bank is offering a $200 bonus when you open a new checking account. Bonus is broken down as follows:
- Conduct two (2) electronic Bill Center transactions of a combined minimum total of $50, posting each month through March 31, 2025 and receive $50 per month up to $200.
The Fine Print
- Must have a new or existing Bask Interest Checking Account by November 29, 2024.
- Perform qualifying activities between September 2024 and March 2025.
- Conduct two (2) electronic Bill Center transactions3 of a combined minimum total of $50, posting each month through March 31, 2025.
- Qualifying participants will receive a $50 cash reward each month1 from September 2024 through March 2025 with continued qualifying activity. The cash reward will be paid to your Bask Interest Checking Account at the close of each statement period after all qualifying activities are met.
- If one or more of the qualifying activities are not met within a statement period, the cash reward will not be paid for that statement period.
- 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
Unclear if there is any EATF.
Our Verdict
Seems like a nice bonus given no direct deposit is required. It’s possible that it’s ChexSystems sensitive, if it’s not I can see this bonus being pulled early due to the popularity of it.
Hat tip to Gz
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
View Comments (755)
I just received an email from Bask with the below offer. The offer itself is no big deal at all and I doubt that I will try for it (even though the requirements are fairly easy).
However, the reason why I'm pointing this out is because this confirms my earlier prediction that Bask would offer bonuses for existing customers and it was worth keeping the account open. Now I just have to hope that the next offer is a bit better. 😀
"Hello Eric,
From now until August 29, 2025, you can earn an additional 3.00% Annual Percentage Yield (APY)1 on top of your base rate of 1.00% APY2 – totaling 4.00% APY1 on your Bask® Interest Checking account."
I contacted via secure message to close my accounts. They said the accounts would be closed 1-2 days. Well it’s been over a week and the accounts are still showing in my login like they are active. I contacted them again and they said the accounts will still show in login but are closed. There isn’t anything I can see indicating they are closed, the account numbers are even still visible. How can I know for sure the accounts are really closed?
Probably when the monthly statements stop being generated... it means they are closed. I'm hoping there will be an actual note on the statement with a closing date, but wouldn't be the first time I have seen this.
They said the accounts were closed on Feb 18th. I just received a Feb statement, nothing on the statements say they are closed.
Any update on this? I too am having this same problem. They told me via secure message they'd be closed within 1-2 business days. Still not closed.
Even going by the "close automatically at 15 business days of zero balance and zero transactions" comments people have mentioned here... I'm still beyond 15 business days of zero balance and zero transactions and it's still open by all accounts.
*edit* actually they just wrote me back (weird because it certainly still "looks" open, appears to let me mock through a transfer, etc.). Some banks you can still login but it clearly shows the account as closed (First Horizon for example). Nonetheless this is what they said:
"Thank you for your message.
We do not show you have any open accounts. Any accounts viewable in online banking are closed accounts. Access to monthly statements and account details will be available in Online Banking for 60 calendar days following account closure.
Questions? We're here to help. Contact Customer Support at 833.260.4320 Monday through Friday from 7:00 a.m. to 7:00 p.m. and Saturday from 9:00 a.m. to 4:00 p.m. CT."
I tried to call in to close my account and the CSR said to just let the account go dormant and the system will auto close the account. Anyone else get that same response, or was Shaundre just lazy?
There is no inactivity fee listed on the fee schedule.
There is a DP already reported Bask Bank will automatically close the account with a zero balance after "15 or more consecutive business days".
https://www.doctorofcredit.com/bask-bank-200-checking-bonus-direct-deposit-not-required/#comment-1999078
If you don't trust it, try logging in next month and make sure the estatement says it was closed, or call the bank.
I zeroed balanced P1 & P2 accounts this month and will be in the same boat soon. @guest_2012842
Did it close?
That's a bad idea as some banks charge fees when an account goes dormant.
I was going to try the MyPoints Bask Bank 12000 point bonus after I got the bill pay bonus but I decided to try Quontic Bank instead to be a "new user". Hopefully it goes pending.
FYI, I received an email from Bask that they were closing my checking account due to a zero dollar balance and no transaction activity for 15 or more consecutive business days. I had already earned all of the $200 bonus and don't mind the closure as I had no other use for the account. If you are still working on this bonus, I'd advise you to leave atleast one dollar in there so they don't automatically close the account while you're in the middle of earning everything.
@guest_1914951 did the email say already closed or was there an option to depositing something now to still keep it open?
@guest_1943035 They said that the account has already been closed. No option to deposit anything to keep it open. I still see it in my online banking right now however I expect it to drop off soon.
@guest_1914951 sorry to hear that. When my account was dormant for a while, they were decent enough to let me know before doing anything. I guess it is all automated these days
That's good advice for any account you want to keep, and especially when waiting on a bonus. Some banks consider a zero-balance account to not be in good terms, and explicitly allow for bonus denial.
Their savings rate is now 4.35% APY.
It seems APY for their saving account is 4.5%, which is not bad.
Is there any monthly limit of withdraw that you can make for free?
(I'm asking since All America Bank/RedNeck Bank charges a fee if you exceed 6 withdrawal per month.)
A rep told me after I opened the account that there is no limit to free withdrawals.
Did anyone got a 2024 Form 1099 for the bonus? It says 1099s are now available in the Documents section in online banking but I don’t have one for my account, despite earning the $200 (50x4) in 2024.
Maybe Bask isn’t issuing 1099s for this bonus? Can anyone else confirm/deny?
I have not got one either, I called them, the CSR put me on hold for a long time then came back and told me that the 50$x4 bill center rewards are not regarded as interest, so no 1099-Int will be issued, I asked if it is because the amount is below the $600 reporting threshold for 1099-Misc, she is not sure but assured me that no any 1099 form will be issued for the rewards.
You won't be getting one. From all the data points I've seen, the only people who will receive one are those who have earned $10 or more of interest. And the bonus does not count towards that.
I don't think they will issue one. If I look at the YTD last 24months interest earned it doesn't count the $50x4 as interest.
Same for me. I’m assuming they aren’t sending one.
Confirming what others already know. No 5th bonus posted for P1. P2 was a month behind and got the 4th bonus at the end of January. Gonna zero out the accounts and close em up!
P1 & P2 = no 5th bonus. Looks like one person said they got a fifth $50, but they must be really lucky.
DP from Pennsylvania:
2024/09/19: Bask "Interest Checking" account opened.
2024/09/24: Transfer from Ally Checking posts ($300).
2024/10/21: Used Bask bill pay to pay Chase credit card ($50 and $50).
2024/10/31: "Bill Center Reward" 1/4 posts ($50).
2024/11/01: Used Bask bill pay to pay Chase credit card ($49 and $51).
2024/11/29: "Bill Center Reward" 2/4 posts ($50).
2024/12/02: Used Bask bill pay to pay Chase credit card ($48 and $52).
2024/12/31: "Bill Center Reward" 3/4 posts ($50).
2025/01/02: Used Bask bill pay to pay Chase credit card ($47 and $53).
2025/01/31: "Bill Center Reward" 4/4 posts ($50).
Thanks as always, Doc.