Update 10/12/25: Deal is back, no end date listed. Now has lifetime language ‘New Members who open a first-time Benefits Checking account… Limit one promotional offer per individual.’ Hat tip to reader Flguy
Update 1/14/24: Extended until 12/31/24
Offer at a glance
- Maximum bonus amount: $300
- Availability: be a primary resident of Florida
- Direct deposit required: Yes, $1,000-$2,000
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: Can fund up to $3,000 with a Visa or Mastercard
- Monthly fees: None
- Early account termination fee: 180 days, bonus forfeit
- Household limit: None listed
- Expiration date: December 31, 2023
Contents
The Offer
- Addition Financial is offering a bonus of $300 when you open a new checking account. Bonus tiers as follows:
- Get $100 with Free Checking with a $1,000 direct deposit
- Get $200 with Classic Checking with a $1,000 direct deposit
- Get $300 with Benefits Checking with a $2,000 direct deposit
The Fine Print
- Offer available as of October 1, 2025. Offer subject to change or end without notice. New Members who open a first-time Free Checking account and add direct deposit with a monthly cumulative deposit amount of $1,000.00 within the first 90 days of account opening, will earn $100.00. Eligible direct deposits are limited to verified regularly scheduled electronic direct deposits of payroll, pension, and government benefit payments. If requirements are met within 90 days of Free Checking account opening, incentive will be deposited within 30 business days following completion of promotional requirements. Limit one promotional offer per individual. May not be combined with any other promotional offers. Certain restrictions apply. Membership eligibility is required. Residence within eligible Georgia or Florida field of membership counties required.
- Offer available as of October 1, 2025. Offer subject to change or end without notice. New Members who open a first-time Classic Checking account and add direct deposit with a monthly cumulative deposit amount of $1,000.00 within the first 90 days of account opening, will earn $200.00. Eligible direct deposits are limited to verified regularly scheduled electronic direct deposits of payroll, pension, and government benefit payments. If requirements are met within 90 days of Classic Checking account opening, incentive will be deposited within 30 business days following completion of promotional requirements. $5 monthly service fee is waived on required minimum direct deposit(s). Limit one promotional offer per individual. May not be combined with any other promotional offers. Certain restrictions apply. Membership eligibility is required. Residence within eligible Georgia or Florida field of membership counties required.
- Offer available as of October 1, 2025. Offer subject to change or end without notice. New Members who open a first-time Benefits Checking account and add direct deposit with a monthly cumulative deposit amount of $2,000.00 within the first 90 days of account opening, will earn $300.00. Eligible direct deposits are limited to verified regularly scheduled electronic direct deposits of payroll, pension, and government benefit payments. If requirements are met within 90 days of Benefits Checking account opening, incentive will be deposited within 30 business days following completion of promotional requirements. There is no minimum balance required to open account. However, you must maintain a minimum daily balance of $1,000 in your account each day to obtain the disclosed annual percentage yield. $15 monthly service fee is waived on required minimum direct deposit(s) or debit card transaction per month. Limit one promotional offer per individual. May not be combined with any other promotional offers. Certain restrictions apply. Membership eligibility is required. Residence within eligible Georgia or Florida field of membership counties required.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Benefits checking has a $15 monthly fee, this is waived if you do any of the following:
- Fee waived if there is a $2,000 direct deposit or
- 20 debit card transactions per month ($10 minimum per transaction)
Early Account Termination Fee
I didn’t see any mention of any early account termination fee in the fee schedule. But you do forfeit the bonus if closed within 180 days.
Our Verdict
This has been as high as $300 in the past. I’m not sure if I’m an idiot or the bonus requirements just aren’t clear.
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
