Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability: Selected counties in FL
- Direct deposit required:Â Yes, $250+Â
- Additional requirements:Â See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â $5
- Early account termination fee:Â $10, six months
- Household limit:Â None
- Expiration date:Â
May 31, 2021 July 31, 2021. Valid until 9/30/2110/30/21
Contents
The Offer
- We Florida Financial is offering a bonus of up to $250 when you open a new checking account and complete the following requirements:
- Minimum of at least $250 direct deposited into the account each month.
- Enroll in e-statements.
- Make ten or more Visa Debit card pin-less transactions of at least $5 each every month.
The Fine Print
- The $250 bonus will be paid the 1st day of the month following the 90th day the account was opened and has the required direct deposit and is enrolled in e-statements.
- Only one bonus offer per membership.
- The bonus may be reported to the IRS as income.
- Bonus offer may be withdrawn or changed at any time.
- Valid for new checking accounts opened between 04/01/21 and 05/01/21.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $5 monthly fee. This is waived if you meet the bonus requirements listed above.
Early Account Termination Fee
According to the fee schedule there is a $10 fee if closed within six months of account opening.
Our Verdict
Meeting the requirements also means you earn 3% APY on balances up to $10,000. That’s actually an OK rate and nice maximum amount at the moment. Unfortunately it’s a hard pull, but still worth doing for people that don’t care about those. Will add to the best bank bonuses.
Hat tip to reader GLI
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
