Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â All locations are in FL
- Direct deposit required: No
- Additional requirements:Â Use referral link
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â $3, avoidable
- Early account termination fee: Six months, bonus forfeit
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- First Citrus Bank is offering a referral bonus of $100 when you open a new checking account (person who refers you also receives $100)
The Fine Print
- Your account will be credited a $100 cash bonus within 60 days from when your referred client’s new checking account is opened at First Citrus Bank.
Offer valid for personal or business checking account.
Duration: This program may be discontinued or changed at any time without notice.
Bonus Income: Bonuses are considered miscellaneous income, and may be reported to you and the IRS on form 1099-MISC (or Form 1042-S).
Account Closing: If the new client’s checking account is closed by the client or First Citrus Bank within six months after opening, we will deduct the bonus amount from the new client’s account at closing. - All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
eChecking account has a $3 monthly fee waived if one of the following has been completed:
- $200 in debit card transaction(s)
- $350 in direct deposit(s)
Early Account Termination Fee
Bonus is forfeit if the account is closed within six months
Our Verdict
Seems like a relatively easy bonus to meet the requirements for considering there are none. We just need to know if it’s a soft pull. Please share your referrals in the comments below if you have one.
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