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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: September 30th, 2019
- Fremont Bank is offering a bonus of $200 when you open a Freedom checking account and complete the following requirements:
- Use promo code Freedom200
- Deposit a minimum of $100 to open the account
- Make $500 or more in qualifying direct deposits within 60 days of account opening
The Fine Print
- Offer valid for new Fremont Bank personal checking clients only.
- Clients who already have a personal checking account with Fremont Bank as a primary or secondary account holder are not eligible for this promotion.
- The client must not have closed a personal checking account within 180 days of the promotion start date (on or after August 15, 2019).
- The primary account holder must be 18 years or older at the time of account opening.
- Offer available only to legal U.S. residents with a U.S address in California.
- Account bonus is limited to one per household.
- The offer is non-transferable and may not be combined with any other offers.
- Offer subject to change and may be discontinued at any time.
- Offer available to accounts opened online only and does not apply to account opened in a branch.
- The account bonus will be credited to the new Freedom Checking account within 30 days from the end of the month after the qualifying direct deposit is made.
- “Freedom 200 Bonus Offer” will appear on the checking account statement when the bonus is credited to the account.
- The new account must be open and in good standing at the time the bonus is credited to the account.
- The account bonus will be forfeited if the account is closed before the bonus is posted to the account.
- If the account is closed within six months of opening an account closure fee may be charged, see Deposit Account Agreement Book for more information.
- Bonus is considered interest and will be reported to the IRS on Form 1099-INT as required by applicable law. Client is responsible for any taxes.
- A qualifying Direct Deposit is your salary, pension, Social Security, or other regular monthly income totaling $500 or more electronically deposited to your account during the statement period by your employer or an outside agency. Transfers from one account to another, or deposits made at a branch or ATM, do not qualify as a Direct Deposit.
This account has a $18 monthly fee (plus $2 paper statement fee). This is waived if you do any of the following:
- Recurring $500 direct deposit to your checking account or
- $2,500 minimum daily balance or $5,000 with Combined Balance Option or
- Automatic Loan Payment to an existing Fremont Bank personal mortgage loan or Home Equity Line of Credit.
Early Account Termination Fee
According to the fee schedule there is an early account termination of $50 if closed within six months of account opening.
Last year they offered a bonus of up to $500, but that required a deposit of $50,000. Most people would have done the smaller easier Freedom checking bonus and that was only for $150 but didn’t require a direct deposit. This bonus is slightly higher but does require a direct deposit this time. Still worth doing if you live in the area, from memory last year the bonus was pulled early so I’d recommend signing up now if you’re interested.
Hat tip to Sean K
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