Deal has ended, view more bank account bonuses by clicking here.
Update 1/12/23: Bonus has been increased to $250 on both accounts + bonus points. Spend requirement is now $200 instead of $100. Valid until 2/15/23 now.
Offer at a glance
- Maximum bonus amount: $250
- Availability: Must be a resident of DE, MD, NJ, PA
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Can fund at least $500 with a credit card
- Monthly fees: Yes, $10 or $25 monthly fee (avoidable)
- Early account termination fee: $25, 1 year
- Household limit: One
- Expiration date: December 31, 2020
Contents
The Offer
- Firstrust Bank is offering a bonus of $250 + 5,000 points when you open a FirstPaySM account or $250 + 10,000 points FirstPaySM Premier Eagles Checking and complete the following requirements:
- Make a purchase of $200 or more
The Fine Print
- Bonus points will be paid to all new FirstPaySM and FirstPaySM Premier Eagles Checking accounts opened from 10/16/2020 to 12/31/2020. FirstPaySM Eagles checking customers will receive 15,000 bonus points. FirstPaySM Premier Eagles checking will receive 20,000 bonus points.
- Limit 1 per household.
- Bonus points may be redeemed for advertised gift card value. I.e. every 5,000 bonus points can be redeemed for $50 gift card.
- New customers will be eligible after first Visa® purchase of $100 or more is made within 60 days of new account opening. Bonus will be paid within 60 days of purchase.
- Points can be redeemed through scorecardrewards.com. Points will be eligible to be redeemed for gift cards 60 days after new account opening. Card must be registered to redeem.
- Offer can be withdrawn at any time without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
FirstPay Checking Account
To avoid monthly maintenance fee ($10), account is required to have one of the following each month: $500 minimum daily balance, monthly direct deposit, 10 debit card purchases or 5 online bill payments.
FirstPay Premier Checking
To avoid monthly maintenance fee ($25), account is required to have one of the following maintain $5,000 combined balance in deposits accounts or have $50,000 in consumer loans and lines of credit balances.
Early Account Termination Fee
There is an early account termination fee of $25 if closed within a year.
Our Verdict
We’ve previously seen a $276 checking bonus, that required a direct deposit but was easier to keep fee free (same requirements as the current $150 bonus). This offer might be worth considering for those that don’t like to worry about meeting the direct deposit requirement, otherwise it could make sense to wait for a bigger offer to return. We will add this to our best bank account bonus page.
Hat tip to Novacat05
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
Post history:
- Update 7/15/22: Deal is back to $150/$200 and valid until 03/31/2023.
- Update 5/12/21: Deal has been reduced to $50/$100.
- Update 1/31/21: Deal has been extended until May 31, 2021. Hat tip to reader Vlad
This was a LONG walk
1/14/2023 Opened with $500 from Chase Hyatt
1/21/2023 Added $208 through ACH
1/22/2023 Tried to pay utility bill for $202, debit failed
1/22-2/26 Called multiple times to get the debit card unlocked, each time rep said fraud team would look into it and get back to me, they never did.
3/16/2023 Got a call that the debit was unlocked – yep three days after the promotional period to spend $200 expired.
3/16/2023 Made utility payment of $202. Sent secure message explaining the situation and asking for bonus. Never got a response.
4/2/2023 Filed CFPA complaint, the only Firstrust they had was Firstrust Mortgage. CFPA said I had the wrong company and closed the case.
4/12/2023 Filed BBB complaint.
5/9/2023 $250 bonus posted.
Did not get the points. I will close the account, and pay the $25 early closure fee.
Rec’d cash portion of bonus today – opened late Jan/early Feb.
Just got bonus today
Acct opened Jan 23
Same.
Still no bonus. Anyone else from February got theirs?
Update: $250 came through on 3/28
i don’t see in the terms and conditions where Firstrust Bank is offering a bonus of $250. I only see bonus points of 5000 and 10000. am i looking at this right ?
Cash + points was old bonus, expired now. Current bonus is just points
Any DP on the cash portion paying out? I completed my $200 transaction on Feb 2nd, and still nothing (points were immediate)
did you try contacting them?
I asked, and here’s what they said: “Cash bonuses are paid out within 60 days of meeting the spend requirement.” So if you still haven’t been paid by then, message them — that’s my plan. 🙂
Nice, did you look at what to spend the reward points on yet? I looked quickly but wasn’t sure if one thing was considered best bang for your buck
I spent 200 for bjs gift card in Central Jersey. Its almost a week now. Didnt see 250 bonus yet. Is it valid purchase or i am missing something.
Opened account with 250 bonus offer.
“I spent 200 for bjs” 🤐
Lol. Rofl
I got the 5000 Rewards Points immediately after I spent $200+ a week ago, while I haven’t got the $250 bonus yet either.
same. i read in some comments as it gets credited in couple of days though .m still awaiting
Cash + points was old bonus, expired now. Current bonus is just points
Cash + points was old bonus, expired now. Current bonus is just points
Cash + points was old bonus, expired now. Current bonus is just points
Got 250 bonus today
Gave this a go but denied due to Chex:
“Firstrust Bank is unable to approve your request at this time…We obtained your Qualifile Score [from Chex] and used it in making our credit decision…
Qualifile Score: 572
Key Factors that Aversely affected your Qualifile Score:
– Recent unique FI DDA inquiry history.
– Time at current address.
– Non-derogatory public record history.
– No evidence of property ownership.
– Asset ownership history.”
To be fair, my chex numbers ARE pretty high lol (8/3 & 14/6)
Also, does anyone know what “Non-derogatory public record history” means? I’m confused as to why a non-negative record would adversely impact my chex score?
Did you end up calling them by any chance?
Jesus christ I dint realize DOC would fuck my formatting this bad, apologies but I have no idea how to fix it. So I signed up when they were only offering the bonus points. Walmart MO triggered the bonus which posted the next day. Points are redeemed through a 3rd party service called scorecard rewards. I was not able to sign up for this service until my points posted, so if your getting errors you might just have to wait until you have some points. Heres the cost of some of the items we all might be interested in. Apologies for formatting, im not sure if DOC Supports excel tables. Item Cost CPP $25 ACH Cash Back 3600 0.69 $50 ACH Cash Back 6500 0.77 $75 ACH Cash Back 9500 0.79 $100 ACH Cash Back 12400 0.81 $25 Stockpile GC 3000 0.83 Most $50 GC’s 5500 0.91 Most $100 GC’s 10800 0.93 There is also a “$50 Live event code” reward for only 800 points, almost certainly a pricing error. The website kinda sucks and Im not sure how much markup they charge, so YMMV on what your able to get out of that. Terms also state redemptions are limited to 1 code per purchase. The code is redeemed on another 3rd party website.
Thanks, I think I will take the extra $25 ACH and be done with it.
Of course I signed up mere days before the cash offer went live. Heres to hoping they will match
Update: CSR was not able to match new bonus