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

Published on July 3rd, 2017 | by William Charles

94

[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:



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

  1. kim. says:

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

  2. Ben O. says:

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

  3. Kelly says:

    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 says:

      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.

  4. Mark says:

    Just sent a contact us form and waiting for response

  5. Keep us updated everybody!

  6. Kaung says:

    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.

  7. D says:

    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.

  8. Kelly says:

    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.

  9. Dustin says:

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

    • Can you confirm hard/soft pull?

      • Vijay says:

        I went to Sandy Springs branch today and the banker was very friendly and she has confirmed that it will be a soft pull….She said any city from Atlanta will qualify as this is GA specific. No other questions asked….No CC funding allowed and she did said that the $1000 DD can be of 1 shot or a cumulative…No household limit as long as the applicant is 18 yrs old….no fees are so….free checking account…and the good part is they have unlimited nationwide ATM fees reimburse…only few other banks like Cornerstone and First Citizens offers this…I like this bank very much for the way they treated me…she provided very honest suggestions and I’ll continue to bank to with them even after bonus posts….YMMV!

    • Kelly says:

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

  10. T says:

    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 says:

      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.

  11. T2 says:

    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 says:

      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.

  12. Rab says:

    Is this available throughout georgia?

  13. Jenn says:

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

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

  14. Jenn says:

    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 says:

      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

  15. Rick says:

    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.

  16. Sekhar says:

    I just tried , I can’t see CC funding as option any more, is it dead ?

  17. Chris says:

    Is the general consensus that 1 DD of $1,000+ will fulfill the $200 bonus requirement, or does there need to be evidence of multiple recurring DDs in separate calendar months before it’s fulfilled?

    I’d like to post 1 DD and move on to another bank bonus, but the language strikes me as a little ambiguous: “Within 90 day period, have a recurring direct deposit post and settle monthly totaling a minimum of $1,000 in deposits”.

  18. Confused says:

    I live in Savannah GA. Am I eligible fir this bonus?

  19. Xerxes says:

    I just applied and talked to a rep; it seems that there does not need to be evidence of multiple recurring DD’s and $1000+ cumulative will trigger the $200.

    I was prompted to print out a paper, sign and email along with copy of drivers license to a provided address.

  20. Vijay says:

    Now, I see so many restrictions imposed like ‘household limit’, metro atlanta residents only etc…

  21. Peter says:

    Don’t see a place to enter promo code online, nor credit card funding option

    • Rick says:

      It’s called reward ID or something like that when you choose which kind of account you’d like to open.

      • Howard says:

        If you apply through the “Apply Online” link at the top of the Offer page at the link DOC provides at the beginning of this post, the Newcomers offer is automatically coded in and there is no credit card funding option. If, instead, you go in through “Personal Banking” tab on that page and then select “Personal Checking Account” and then “Open Now,” credit card funding will be an option and you will need to enter newcomer or newcomers in the voucher code box when you select Signature Personal Checking as your account type.

  22. victor says:

    I see its only for Atlanta Resident but can someone clarify if I can open account as an AZ resident just to be able to fund this account using credit card and do some MS and not bother about bonus?

  23. Mr. T says:

    Applied online (‘newcomer’ code and approximately $5.5 k) on Wednesday evening. Got a call from a fantastic rep to introduce the bank and various features. Account opened within few minutes of sending the needed documents (DL to validate address) on Friday. Funding of $5.5k transaction is pending on CS(R).

    This bank may become my primary. Very impressed with customer service, and my workplace is just around the corner from these guys.

  24. Davezilla says:

    Soo does every new account require manual review or something? Submitted an app and it said a banker would contact me in 24 hours. There’s no online approval or anything?

  25. Davezilla says:

    Got an email that says they can’t open an account due to residing outside of their area.

  26. John S. says:

    I’m about to apply, but can’t decide if i should load account with my new Merril + card or use Chase Unlimited for the UR points. Would be nice to get the spend done with on the Merril but it’s hard to pass up UR points…

  27. LFu says:

    Is there a promotion code that needs to be filled in?

  28. Jimbo says:

    $2k+ funding on Citi Hilton posted as purchase this week.

  29. VJ says:

    Any data point for DD like paypal etc

  30. John S. says:

    Funded $5000 with Merril+. Bonus points are already showing in BOA account. Got a call from Signature Bank today. Described themself as a boutique bank that wants to work with their customers. Went over the benefits of the account and the details/timeline of bonus money. I think I’ll keep this account open.

  31. Vijay says:

    Starting 7/12, CC funding limited to $5k

  32. rab says:

    anyone funded with chase sapphire preferred and did it code as a purchase?
    Please let me know. Thank you.

    • Vijay says:

      I can confirm that my $5k funding posted as purchase at Chase Saphire preferred..but on safer side set your CA to minimum i.e. $100

    • Sam says:

      Not a direct answer to your question… but I used Chase Sapphire Reserve, and it coded as a purchase. I’d suggest changing your cash advance limit to the lowest amount possible on your Preferred.

      Good luck.

  33. Albrecht says:

    Tried Fidelity Visa for $5000 initial deposit and the request came as “cash advance”.
    Fortunately my limit was 3500 and US Bank declined it.

    Another data point: once a credit card issuer declines the transaction, Signature bank forces you to go through the application process again and cannot use the same card.

  34. Daniel Clark says:

    $5000 Chase Freedom posted as a purchase. I had set my cash advance limit to $100 just in case. I had tried for a larger amount on my Chase Freedom but Signature Bank denied and required that I re-apply.

  35. Josh says:

    Love this bank! I live in Smyrna and work really close to the Sandy Springs branch.

    +7/19 – I opened an account and CC funded with Chase Freedom Unlimited ($5,000)
    —CSR (Makisha – extremely pleasant over phone/email) reached out shortly after via email to let me know she would be contacting me and asked for a photo of my license (everything is super easy over email and they’ve been virtually immediate in responding to me)
    —Chase denied the CC funding because they texted and suspected fraud; I confirmed it was me; they said the transaction would need to be re-run.
    +7/20 – Had correspondence with Makisha to determine whether I needed to re-apply online and whether the “newcomer” promo code would still be applicable (attaching a screenshot of correspondence with Chase letting them know it was me who made transaction so she knew it was denied because they suspected fraud).
    —Makisha let me know that they were able to re-run since I provided the detail, and it went through successfully the second time ($75 cashback and tax-free! Woohoo!).
    7/21 – Makisha called me at a time convenient for me and we talked about how to set up the account, the various features provided, and how to enroll in eStatements to avoid a $5 printed statement fee.
    —She’s mailing me a welcome package and requesting I scan/email some paperwork upon receipt and then she will mail a debit card.

    I’ve churned quite a few accounts this year, but this bank will probably become my primary. No ATM fees (100% reimbursable anywhere within the U.S.); free Pop Money transactions; easy contact with a personal banker; crazy excellent customer service. Forgot what service like this was like…

    • Josh says:

      +7/22 – CC funding posted as purchase/sale.

      Will update once account has been active for 30 days, company DD posts (7/31), 10 debit transactions are completed, and lastly once both bonuses post.

      Thanks, DofC! This is my favorite post thus far!

  36. chris a says:

    I agree with all the comments in this thread. Opened the account with $5k on Chase Freedom Unlimited (7,500 points…woo-hoo!!!). Before opening i called Chase that i will be doing a 5k transaction and as a result everything went smooth. They opened my account and went over all the benefits like free ATMs all over US. Excellent customer service in general.

    This will be my go to bank going forward. No body talk this nice to anymore in banking. Really happy to have found this bank through Doc!! Thanks DoC!!

  37. Travis $ says:

    I funded a little under $10k with my CSR

  38. H XU says:

    the offer is expired

    my friend applied online using the newcomer code, and got a Email later saying the promotion is through 7/31

  39. InGeorgia says:

    Opened account on 6/29, ACH transfer $1001 from my CU on 7/12. Have performed 12 debit transactions. Rec’d first $100 (and a congratulatory email) on 7/31. Wondering when the $200 will show and if I should do another $1000 ACH to satisfy the “recurring” terminology in the details.

    Has anyone received the $200 bonus yet?

    • Jenn says:

      Looks like it will take at least 90 days for the $200 to post

      “2) Maintain your account satisfactorily with no overdrafts for 90 days”

  40. Rab says:

    I am going to do 10 amazon transactions of less than $1. Is that good enough to satisfy the requirement for 10 debit card transactions?

    • Travis $ says:

      Should work. I made the mistake of talking to a representative on the phone who saw that I did that and she said that was not the point of the offer/debit card. I’ve since made several legit charges just in case.

  41. T says:

    Anyone receive the second part of the bonus yet?

  42. Kaung says:

    Opened June 20
    Received $100 on July 24
    Received remaining $200 on Sep 25

    I signed up early on, so the only requirement for the second part was to have one DD per month. I used my work DD.

    Also used their no-fee ATM service this weekend. They automatically took away the fee within 48 hours. Super convenient!

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