Posted by sirtheta on July 6, 2017
Bank Account Bonuses Fulton 150 Checking Bonus

Published on July 6th, 2017 | by sirtheta

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[Expired] [DE, MD, NJ, PA, & VA Only] Fulton Bank $150 Checking Bonus

This bonus has expired and is no longer available. Click here for a list of the best banking bonuses.

Offer Details

  • Maximum bonus amount: $150
  • Availability: DE, MD, NJ, PA, & VA Only. (Possibly further restricted by county—see the fine print.)
  • Direct deposit required: Yes, $250.
  • Additional requirements: None.
  • Hard/soft pull: Soft.
  • ChexSystems: Yes.
  • Credit card funding: None.
  • Monthly fees: $0–$10, waivable.
  • Early account termination fee: None listed.
  • Household limit: One (1).
  • Expiration date: August 25, 2017

The Offer

Direct link to offer.

  • Receive a bonus of $150 when you open a new checking account (either via the “Apply Now” button on the offer page OR by choosing “Email me a Coupon” and presenting the coupon to a Fulton Bank branch representative), AND set up a monthly direct deposit of $250 or more within 60 days.

Fulton 150 Checking Bonus

The Fine Print

  • Promotion only available to visitors of the landing page that either apply online or generate a coupon utilizing the landing page’s links.
  • Existing checking account customers are not eligible for this offer.
  • Fulton Financial Corporation affiliate banks do not offer products and services to individuals that live outside of their service area, which you can view here.
    • It’s unclear as to whether the indicated counties are the only ones that are considered in Fulton’s service area, or whether adjacent counties are included, or whether they use a distance based formula from the indicated counties. If you have any experience or data points, please comment below!
    • Fulton Financial Corporation affiliate banks include FNB Bank, Fulton Bank, Fulton Bank of New Jersey, Lafayette Ambassador Bank, Swineford National Bank, and The Columbia Bank.
  • This offer is valid for new consumer checking accounts.
  • Promotion is limited to one $150 cash bonus per household/address.
  • Fulton Financial Corporation employees and immediate family members sharing a household are not eligible.
  • This offer is valid when you open a new checking account between July 5, 2017 and August 25, 2017, AND and you set up one (1) recurring monthly direct deposit in the single amount of $250 or more within 60 days of opening the checking account.
  • The direct deposit requirement is limited to Social Security, pension, payroll, or unemployment.
  • $150 cash bonus will be credited to your checking account four to six weeks after the conditions above have been met and as long as the account is in good standing.
  • The bonus is treated as interest income and as such you will need to pay taxes on it; Fulton will issue you a 1099-INT.
  • There is a $0 minimum balance to open any checking account in branch, but a $25 opening deposit is required if opening an account online.

Avoiding Fees

Avoiding monthly service fees couldn’t be easier. The Simply Checking, Student Checking (ages 16–22), and Prime Life Interest Checking (age 50+) accounts all have no monthly fee.

The Interest Checking account has two ways to waive the $10 monthly fee: have a minimum daily balance of $1,000, OR have an ACH direct deposit into the account each statement cycle (statement cycles are implied to be by calendar month, but don’t quote me on that!). As per usual, an ACH direct deposit does not include transfers and deposits made through various channels, including ATM, branch network, mail, mobile banking, online banking, or telephone banking.

The Relationship Banking (checking) account waives the $10 monthly fee with a minimum daily balance of $2,000.

Opening a Simply Checking account is definitely the way to go. (Relationship Banking could’ve been interesting, but Relationship Rewards points look weak. They’re worth 0.417¢ for $25 cash back, 0.455¢ for $50 cash back, and 0.476¢ for $100 cash back.)

Early Account Termination Fee

I can find no references to an early account termination fee on their website, nor other websites covering bank bonuses.

Mobile Deposit Fee

Since it’s unusual, I’ll mention that you only get two (2) mobile deposits per month fee-free; after that, they cost $0.50 each.

Our Verdict

With the presence of a checking account that does not charge a monthly service fee, a $150 bonus for a $250 direct deposit is an acceptable offer, with one catch: there are no DPs on what Fulton Bank will count as a direct deposit. (Previous promotions have only required debit card transactions, at least those that have made it online.) The direct deposit requirement is slightly larger than some comparable bonuses, such as the M&T Bank $150 offers, but – in my opinion – that’s partially offset by having to do nothing to keep the Simply Checking account fee-free. This offer is certainly worth going after, but I hesitate to recommend it too strongly without knowing for sure what counts as a direct deposit.

Be aware that when reader Gadget opened an account, the end of the application notes: “we cannot open your online account until your signed signature card and opening deposit are received. If you choose to open your new account with funds from another bank, we will initiate the transfer when we receive your signed signature card.”.

(Do note that, if you click “Apply Now” on the offer page, the proffered accounts for opening include a Health Savings Account, which is not eligible for the offer, by my reading – so don’t choose that one!)

If you do go for this bonus, let us know what counts (or doesn’t count) for direct deposit in the comments, so that we can add it to our list of methods banks count as direct deposits. And as always, you can view our collection of the best bank account bonuses at this link.

Useful posts regarding bank bonuses:



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Kevin
Kevin

Cool. I’m in one of the counties so I may apply for this tomorrow. I’d likely do real DD though.

Gadget
Gadget

I was in one of the map counties, so I jumped in.

No CC funding. You can enter ACH account information RTN and Account number for a checking or savings account, or you can also opt to mail a check. $25 was min. opening deposit.

Of note, their online interface for signup appears about 10 years behind the times. At the end of the application, you have to print the PDF signature card, and states: “we cannot open your online account until your signed signature card and opening deposit are received. If you choose to open your new account with funds from another bank, we will initiate the transfer when we receive your signed signature card.”

Expect 3 or 4 knowledge based questions – I had to pull up CreditKarma to make sure I had the right answers.

I will update if they are Chex sensitive, get a HP, and/or encounter issues. I also did not see an early termination fee for a checking account (but was a termination fee for an IRA or MoneyMarket.)

William Charles

Thanks as always Gadget!

MarcoPolo
MarcoPolo

I recommend Gadget for the “Star of the DoC” award or something similar 🙂

William Charles

Haha, maybe we need a hall of fame for comments?

MarcoPolo
MarcoPolo

That’s a great idea @William and actually doable.

William Charles

Working on this now!

MarcoPolo
MarcoPolo

Thanks @Gadget for providing such excellent DPs in virtually very bank account bonus thread. Very useful.

Gadget
Gadget

LOL. We must be neighbors. (SE VA) I certainly haven’t done every one. I have excellent credit and the liquidity to move funds to get these done. And a rather large spreadsheet.

I probably will use a real DD, so sorry to those who want a DD DP. Based on the web interface, it seems like a bank that any external ACH would work, but I don’t like to rely on hoping for the best.

Gadget
Gadget

Received call this morning from Fulton Bank – Rep said my account is approved and he confirmed I am signed up for the promotion. Said as soon as they get my signature card, they will call again and ask more questions of me. I asked why they do this if I am approved, and he stated something of the effect that they will need to ask some fraud related questions. Joys of dealing with a small-time bank. Now that I have approval, I will drop the Signature card in the mail and see what happens next.

Thanks for the praise below – just trying to help others. No trophy necessary. 🙂

Deb
Deb

HA! I was interested in seeing what comments were here. This bank is one that has been well known in my area since I was a child. Very old school, stodgy, old money kind of place. I was shocked they waived fees for any type of checking account. 😀 I had an account there as a teen and the whole relationship was brutal, and expensive.
I’m not bothering with this one, because I know this bank. Wishing much luck to those who give it a go.

Chef Curry
Chef Curry

“Thank you for your interest in opening an account with Fulton Bank, N.A..
Unfortunately, your responses do not match our records. Please feel free to
contact us at 1.800.385.8664 or visit any of our local branches.”

Gibunono
Gibunono

Same thing for me.

Chef Curry, do you live within their service area?

Al
Al

Opened no problem, doubt they are chex sensitive.
Need to mail the signature card… wish they let you fax it.
Make sure you read the part about whether to opt in/out for overdraft on debits and/or ACH. The choice to opt out of everything “I do not want” for both parts was in the center option.

It seems once you put a check in some boxes, you can never uncheck it, so just read carefully what you are ticking off.

Dave
Dave

Does anyone know and Direct Deposits aside from payroll?

Frank
Frank

I live 2 miles from the closest branch and yet that’s in the next county.

Hope to see some more DPs before jumping in, thanks

Odd little set up they have, perhaps banks have to register by county, not just state?

Mark
Mark

They serve Fairfax County in VA but not Arlington. That is annoying. Oh well! Plenty of other banks to choose from.

Daniel
Daniel

I was feeling extra adventurous this morning and signed up despite being outside of the mapped counties (although in a serviced state). Everything has gone through so far.

This section gave me pause: “By clicking Continue, you hereby authorize us to investigate all references and customary credit information and obtain a credit report to help verify the information you have provided in this application, for periodic review for the purpose of maintaining the credit relationship, for consideration of other accounts and services, and for any other lawful purpose.”

I’ll update if a hard pull pops up on my report.

The ID verification questions were the sneaky ones I am used to that seem to cause so many rejections for commenters/other foreign members. The questions are relevant, but no provided answers are correct. Remember this is normal and it is ok to unanimously answer with “None of the Above” or equivalent.

Upon completion of the application, I received this message: “Your application has been conditionally approved for processing, and it will be processed within one business day. You will receive an email shortly confirming the receipt of your application”

I’ll update as to the final outcome and hopefully be able to provide additional info if my account is opened.

MarcoPolo
MarcoPolo

They only check your credit report if you don’t opt out of the overdraft protection.
Overdraft by definition is credit.

Did anyone found them to be sneakingly make you sign up for overdraft protection ?
@Gadget

Gadget
Gadget

In ref. to overdraft protection, no more sneaky than Santander, et al. None of my multiple credit monitoring services has gone off yet, so I think I am in the clear. But, like I said, they have more “processing” to do when they get my signature card.

Seemed like the application was more worried about foreign address, funds, citizenship… And, you should have your CK pulled up, because the multiple choice questions were trickier than normal, having ranges of dollar amounts for original loan amount/payments. Some did not match, but were close enough that “None of the above” didn’t feel right but was correct.

Daniel
Daniel

Exactly! For example a question was along the lines of “You opened a car loan with [correct institution] in [correct month], [correct year]. What is the monthly payment amount on this loan?”

Then a few answers were close with “none of the above” as the only correct option, exactly as you described.

Also, I would like to point out that in my original comment, I stated “other foreign members” when I meant “other FORUM members”. I wanted to be clear for anyone else reading this and to apologize to anyone if my typo caused confusion!

Daniel
Daniel

I understand that is the standard rule, but I received that message after opting out of overdraft.

It looks as if the standard rule holds true as I have no hard pull to report so far!

Daniel
Daniel

“/other foreign members” should read “/other FORUM members”. I apologized for not proofreading my post and can only pull one of the “pre-coffee” type excuses.

A few days I received a voicemail that I was approved and that a signature card would be mailed soon. Received that a few days later, signed and sent it back in the self addressed, pre-paid envelope that they provided.

Next up on my DP report will be if I receive a bonus despite my residence not being in a listed county.

Harv
Harv

Fulton Financial Corporation is headquartered in Lancaster PA.

Harv
Harv

Found this page which lists the counties that Fulton Bank serves in DE, PA, and VA https://www.fultonbank.com/viewpage.asp?n=3

JimBobJoe
JimBobJoe

The map looks like it doesn’t include Alexandria VA (separate county, inside Arlington county which is not blue on the map) but I was able to get through the app successfully with an address in Alexandria. It said I was conditionally approved pending final review. Received a similar message previously mentioned about needing to mail in the signature card. Will update when/if final approval happens.

Yet Another Redditor

Non-Citizen, Northern VA, Signed up online last night.
I am lol/24 in terms of bank accounts
Got the message “Your application has been conditionally approved for processing, and it will be processed within one business day. You will receive an email shortly confirming the receipt of your application.”

Still waiting for a call / confirmation email.

Will probably drop the Signature card in one of their bank branches.

Yet Another Redditor

Got the call the day after the account opening.
Printed out the signature card and completed account opening in branch.
Used an MO for initial funding/deposit and got an account # and routing #.
Will push from Citi, WF and Discover to see what works as DD.

Yet Another Redditor

Push from Citi was credited yesterday.
Have initiated a push from Discover too.
Will report back once the bonus hits.

Yet Another Redditor

So far I have done 2 ACHs from each source and included are their “Description” and “Memo” fields

Huntington Firstname Lastname P2P Firstname Lastname ACH CREDIT
Discover Firstname Lastname P2P Firstname Lastname ACH CREDIT
Citi Firstname Lastname P2P Firstname Lastname ACH CREDIT
Cap One 360 CAPITAL ONE N.A. CAPITALONE Lastname,Firstname ############ ACH CREDIT
Wells Fargo WELLS FARGO IFI DDA TO DDA Firstname Lastname ############ ACH CREDIT

No bonus so far.

I could try Robinhood and Wealthfront too but this is already more effort and work than the M&T Bank QC and QD codes.
I am going to wait 60 days, SM casually to check for bonus and then close if it is not forthcoming.

Kevin
Kevin

Received call this morning from Fulton Bank after getting the same results as Gadget (see above). Said they could only approve me for an “Alternative” checking account and that I would have to go into the branch in order for it to be opened. My credit score is great, but I’m sure my Chex is lit up. Any one else get this result?

Gadget
Gadget

Not sure it’s a contest, but I doubt anyone has a more full Chex inquiry list than me. Just got my Chex report dated June 27th – at least 14 inquires dated Jan 2017 or newer. (Not counting First Tenn on June 30th, and this one yesterday, or the one’s that state “on behalf of” at the end of the 1st section)

Maybe I just caught the lenient reviewer and you got the jerk that hasn’t had a vacation in awhile…

Eric
Eric

Have you done any M&T bonuses? If so, your 14 seems a little light since M&T does 2 Chex inquiries for each account.

Have you been rejected yet for any accounts?

Gadget
Gadget

True… but you don’t always get two per M&T account. I didn’t mention the one’s that say “On Behalf Of” at the end of the 1st section. In my opinion, those shouldn’t be included in the count, as they are not really on the applicant’s request. M&T, and Discover, likes to do those “On Behalf Of” entries… Rejected for Chex: Sandy Spring Bank (also said it was mostly due to my location), Quorum CU. A couple other banks rejected me because of location: Westfield bank (OH), First Bank (N. VA). First Merchants Bank (IN). I won’t bother with Elements CU and the Christian CU because I am sure they would reject me due to Chex. Discover kicked me out after over three years of being a valued customer, based on a “business decision”. They were my primary hub account, and without notice, their fraud dept. decided to do a Chex pull on me because one of my ACH accounts did not work to collect back their trial deposits. The external account I was trying to add was ACH IN only. They gave me a 30 day notice on the Checking and Savings account, but then didn’t actually close the accounts until about 3 months after their deadline. They even shut down my credit card, even though I never abused any of their policies or rewards. Now they sent me a letter saying I owe them $150 for my savings account, which by the statements, show I ended in a zero balance. I have placed two calls in to them and cannot get an answer on why I owe them anything, and waiting on their “team” to contact me with the reason. Beware of Discover! So, my advice is to always keep a couple banks as hubs – ones that never charge fees unless you screw up… I have one brick & mortar, and one credit union that does the shared branching that both offer free ACH in & out. I also have Mountain America CU and Capital One (former ING) on standby if I ever need to switch it up. I use them all intermittently. I use an account aggregator like Mint to keep tabs on my accounts. Life goes on – Within the last month I have opened a Regions, Fifth Third, First Tenn, another M&T, and now Fulton… without issue.

NBG
NBG

Weird thing happened. Applied yday and conditional approval. Got a call today morning and they left a voicemail saying ‘Approved’ and asked to send the signature card. Few hours later got a call again – i picked up and the same agent said, the earlier approval was a mistake and asked me to go to brnach with a form of id to have the account opened. WTF – can’t they get it right first time?.
Now i am wondering if i should even pursue this bank promo.

Gadget
Gadget

As promised, I recv. my second call from Fulton when they recv. my signature card today. The rep went over the “fraud questions”. They wanted to know if I expected to used the account for, and the approx amount/month:
– ATM & Cash Transactions In & Out
– Wires
– ACH In & Out (And wanted to know purpose)
– Money orders or Cashier’s Checks

I said yes to cash, and ACH, less than $1000/mo, and purpose of ACH was to shift money. They should incorporate these questions into the application.

He said I should expect my welcome package, Debit card and PIN in 3-5 business days. Once I have that, I will be able to setup online access.

So far, so good, other than taking longer to get setup. I plan to use a real DD, maybe with an ACH ASAP to get the ball rolling.

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