Posted by William Charles on July 3, 2017
Bank Account Bonuses

Published on July 3rd, 2017 | by William Charles

96

[Expired] [GA only] Signature Bank of Georgia $300 Personal Checking Account Bonus

This offer has now expired and is no longer available. Click here to view the best current checking bonuses.

They have updated the terms and now it’s only available for Metro Atlanta Resident as defined by the 29 County Metropolitan Statistical Area (MSA) and one bonus per household. This was added on/around July 6th. 

Offer at a glance

The Offer

Direct link to offer

  • Receive a $300 bonus when you open a new Signature Personal Checking checking account with Signature Bank of Georgia and complete the following requirements:
    • Receive $100 for keeping the account open for 30 days
    • Receive 200 for having a recurring direct deposit of $1,000+ that posts and settles once a month and complete 10 debit card transactions within 90 days of account opening

The Fine Print

  • Must be a Metro Atlanta Resident as defined by the 29 County Metropolitan Statistical Area (MSA):
  • Bonus awarded for this offer is not available to existing checking clients and is not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • Type of account opened is the Signature Personal Checking and a $100 minimum deposit is required. Bonuses will be awarded within 30 days after the stipulations are met. $100 Bonus: 1) Open a Signature Personal Checking account, which is subject to approval; 2) Account must be open for 30 Days and debit card must be used once. $200 Bonus: 1) Within 90 day period, have a recurring direct deposit post and settle monthly totaling a minimum of $1,000 in deposits and conduct a minimum of 10 debit card transactions. Direct Deposit must be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. 2) Maintain your account satisfactorily with no overdrafts for 90 days. Bonus offer allowance is one per household once in a calendar year. Household as defined by common address.
  • Bonuses are considered interest and may be reported on IRS Form 1099-INT.
  • Account Closing: If the checking account is closed within six months after opening, the bonus amount will be deducted from the balance at account closing. Check order includes one box ordered at account opening of Style Code W-IP or WDIP. The Bank reserves the right to discontinue or change this bonus offer at any time.

Avoiding Fees

I don’t see the personal signature checking account, so no idea what the monthly fee for this account is. You do need to keep the account open for six months to keep this bonus.

Our Verdict

$300 is a nice large bonus that we like to see. Easily one of the best checking bonuses currently available. Would be nice to know how much can be funded with a credit card as well.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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kim.
kim.

There are no fees for the Personal Checking account. Gonna look into this offer.

Ben O.
Ben O.

I submitted the online “contact us” form. We’ll see what happens. Hopefully Ally or Paypal will trigger the DDs.

Kelly
Kelly

I spoke to a rep and was informed that this is for residents of sandy springs area. The rep said I could fill out an app and they could see if they could make an exception. The rep also wasn’t too clear on if this was a soft pull or hard pull.

Vijay
Vijay

You’re right. This is just for Sandy Springs Residents but they confirmed me that it will be just soft pull. I am going for this and will let all know how it went.

Mark
Mark

Just sent a contact us form and waiting for response

Kaung
Kaung

I called them this afternoon. Wasn’t the most informative rep, but I made an appointment to go see them later this week to try to open in person.

– Said no monetary amount required on DD. So I suppose $1/month could work.
– Told me I could fund the $100 “any way” I’d like. Going to bring a CC and try, but will have cash as backup.
– Said it’s a soft inquiry.
– She repeated a few times that the account is truly fee free, as an attempt to reach out to community and establish relationship.
– Stated they will reimburse ATM fees nationwide. No details how quickly.

D
D

Submitted the “Contact Us” form. Rep confirmed that the bonus was available to me in Augusta, so I don’t think it’s a localized offer.

I won’t be able to have a legit DD until end of July, so I will be applying July 1 if the offer is still available.

Kelly
Kelly

Applied on June 19th and received welcome package in the mail today. Bonus confirmation letter was included in the package. It states for GA residents only. Will follow up once bonuses post.

Kelly
Kelly

I just received the first part of the bonus ($100) today.

Dustin
Dustin

Applied in branch today. Bonus terms have been updated to require $1000 DD and 10 debit card transactions within the first 90 days.

Kelly
Kelly

Glad I signed up before the terms were changed. Still doable though.

T
T

So I got a call from them last week after submitting the contact form. The banker said that she would send me a link in email to apply but this was never sent. Anyone apply directly online and receive confirmation of bonus offer?

Kelly
Kelly

I applied directly online and received a welcome package in the mail with confirmation letter on bonus. I still had to sign the hard copy of application and signature card and send it back.

T2
T2

Banker today told me they just started accepting CC funding and did not have a limit on it. She made it sound as if it could be done online, but there was no option when I went through the application.

Chris
Chris

I just submitted an app online (using code ‘newcomer’) and there was an option for CC funding. Visa/MC/Discover only. Tried funding $5k on my CSR, the system didn’t seem to automatically validate this or anything – so we’ll see what happens. Submitted my app, will update later once I have a DP to share.

Sam
Sam

Hi Chris,

Did the funding of $5K (from your CSR) go through ? I’m thinking of doing the same thing (online app using CSR, and ‘newcomer’ code).

Thanks for your input.

Chris
Chris

Yes, $5k funding just went through without issue. Kinda wish I’d tried for more!

Can also add another DP to the chorus to confirm no hard pull. What a great offer.

LFu
LFu

Was the transaction coded as purchase?

Chris
Chris

@LFu: Can’t respond to you directly for some reason, but yes, this coded as purchase.

Rab
Rab

Is this available throughout georgia?

Jenn
Jenn

Soft pull. (Nothing has shown up on my CK account)

No monthly fee for Personal Checking account, only thing required is $100 to open.

Jenn
Jenn

Also when I selected CC to fund the website wouldn’t allow me to enter my CC number so I just chose bank account.

Rag
Rag

I was able to enter the CC this morning, took a while for the form to load up, was thinking the same. Entered 5K on CSR.. got a message that they will contact me in 24 hours.. we’ll see

zach
zach

Waiting for follow up. would be awesome if 5k goes through.

Rick
Rick

Applied online directly with code ‘newcomer’ and 2k initial fund on CSR. The account was opened today and the fund was charged as MW *SIGNATURE BA on CSR, not sure if it’s cash advance or not. No notifications from CK and ProtectMyID.

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