[Expired] [GA only] American Pride Bank $300 Checking Bonus

Deal has expired, view more bank account bonuses by clicking here.

Offer at a glance

Maximum bonus amount: $300
Availability: GA only
Direct deposit required: Yes, no minimum specified
Additional requirements: None
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: None
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: None listed

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

American Pride Bank is offering a bonus of up to $300 when you open a new checking account. Bonus is broken down as follows:
- $150 bonus will bonus on the six month anniversary provided the following requirements are met:
  - Account has been open the entire six months
  - Account has received at least five qualifying direct deposits
- An additional $150 bonus will post to the account on the one year anniversary, provided the following requirements are met:
  - Account has been open the entire year
  - Account has received at least 11 qualifying direct deposits
Account also earns 3% on balances up to $3,000 with a direct deposit (or ACH), eStatements and 12 debit card transactions

The Fine Print

The new personal checking account bonus offer is not available to existing American Pride Bank personal checking customers, to those whose personal checking accounts have closed for any reason after January 1st, 2019, or to any customer whose account with American Pride Bank closed with a negative balance.
Only one personal checking account may be eligible for the new account bonus per social security number.
The Bank will deposit into this account a bonus of $150.00 on the six (6) month anniversary of the account being opened (or on the next business day, should the anniversary date fall on a non-banking day), provided the following qualifications are met: 1. The account must remain open for the entire six (6) month period. 2. The account must receive at least five (5) Direct Deposits before the six (6) month anniversary date.
A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security, or other regular monthly income electronically deposited by an employer or outside agency into the account.
The Bank will deposit into this account a second bonus of $150.00 on the one (1) year anniversary of the account being opened (or on the next business day, should the anniversary date fall on a non-banking day), provided the following qualifications are met: 1. The account must remain open for the entire one (1) year period. 2. The account must receive at least eleven (11) Direct Deposits before the one (1) year anniversary date.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There are no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a full fee schedule so I’m unsure if there is any early account termination fee or not. According to this comment it’s $10 if closed within 90 days.

Our Verdict

Not a bad bonus if you can easily change your direct deposit, not sure I’d be wanting to bother with this one if that wasn’t possible as the direct deposit is needed for such a long time to get the full bonus. The 3% APY account might also be worth keeping long term considering it only really needs an ACH transfer and eStatements to keep that rate (update: requires 12 debit card transactions as well, making it less useful). I’ll still add it to the best checking bonuses, just keep in mind that direct deposit requirement.

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