Offer at a glance
- Maximum bonus amount: $250
- Availability: CA branches only
- Direct deposit required: Yes, $3,000+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $3, avoidable
- Household limit: One
- Expiration date: None listed
Contents
The Offer
- Columbia Bank is offering a $250 bonus when you open a new personal checking account at participating branches and complete the following requirements:
- Enroll in online banking.
- Maintain at least a $3,000 average deposit balance for 90 days.2
- Direct Deposit a total of $3,000 or more within the first  90 days from your account open date.
The Fine Print
- Limited time offer.
- Existing customers with a checking account or customers who had a deposit account in the last 12 months do not qualify.
- You must open a new deposit checking account in person at a participating branch to qualify.
- Only Pinnacle, Embark and Foundation checking accounts are eligible.
- Your promotional offer must be activated by your banker at account opening.
- You must enroll in online banking within 90 calendar days of account opening to qualify.
- Once all requirements have been met, the bonus will be paid within 45 calendar days, deposited directly into the qualifying account.
- Account must be open without a negative balance to receive bonus.
- The bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes.
- Limit one $250 bonus per qualifying account. Limit one $250 bonus per household per address. Fiduciary accounts and nonprofit organizations do not qualify for this offer. Employees of Columbia Bank, its affiliates and subsidiaries are not eligible for this offer. Offer may not be combined with any other checking account offers.
- We reserve the right to restrict or change this offer at any time.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Embark has a $3 monthly fee, this is waived with eStatements
Early Account Termination Fee
Account must be open at time of bonus posting. Other than that I don’t think there is any early account termination fee.
Our Verdict
Shame it’s only CA branches, there has been a business bonus in the past as well. Will add this to our best checking bonus page.
Hat tip to reader snailrock
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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
