[CA only] Fremont Bank $150 Checking Promotion

Offer at a glance

• Maximum bonus amount: $200
• Availability: Must be a Californian resident
• Direct deposit required: Yes, $500+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, ChexSystems sensitive
• Credit card funding: $100
• Monthly fees: $18, avoidable
• Early account termination fee: $50, six months
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• Fremont Bank is offering a $150 bonus when you open a new checking account and complete the following requirements:
  • Direct Deposit – Earn $50 when you establish a recurring direct deposit of $500 or more.
  • Online Bill Pay – Earn $50 when you complete two or more online bill payments through Fremont Bank online or mobile banking.³
  • Debit Card – Earn $50 when you make 25 or more qualifying debit card purchases of $5 or more.
• Get a $10 monthly credit when you do the following:
  • Receive account e-Statements.
  • Receive a recurring direct deposit of $500 or more.
  • Complete at least one online bill payment.
  • Make five or more qualifying debit card purchases of $5 or more.

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

$15 Monthly Service Charge or
waived with established Automatic Loan Payment to your Fremont Bank first mortgage or HELOC

Early Account Termination Fee

Our Verdict

Not really worth considering due to the $15 monthly fee that can’t be waived.

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• 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?
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