This bonus has expired and is no longer valid. Click here to view the best checking bonuses still available.
Offer at a glance
- Maximum bonus amount: $200 Amazon gift card
- Availability: Highland Mills office only. (556 State Route 32
Highland Mills, NY 10930) - Direct deposit required: Yes, $700+
- Additional requirements: Use promo code AMAZON
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $6 avoidable
- Early account termination fee: Six months otherwise $200 fee
- Household limit: One
- Expiration date: September 30th, 2017
The Offer
- Open a new checking account at Lakeland’s Highland Mills office and receive a bonus of $200 in the form of an Amazon gift card when you complete the following requirements:
- Use promo code AMAZON
- Receive qualifying direct deposits totaling $700 or more within 45 days of account opening
- They are also offering a 1.25% APY rate on their Platinum Plus Money Market Account. You can get better rates than that year round, more info here.
The Fine Print
- Offer valid on new consumer checking accounts opened at the Highland Mills office through September 30, 2017.
- Excludes Renewal Checking.
- Not available to existing Lakeland Bank checking account customers or those whose accounts have been closed in good standing within 12 months, or closed with a negative balance at any time.
- Offer not available for account conversions.
- Offer limited to one gift card per account, per household;
- requires qualifying direct deposit(s) totaling $700.00 or more into account within 45 days of account opening.
- A qualifying direct deposit is a recurring direct deposit of a paycheck, pension or other regular monthly income (including Social Security) electronically deposited into account per statement cycle.
- Personal transfers or deposits made at a branch, online or ATM do not qualify. Lakeland Bank will fulfill gift card requirement within 45 days of qualification.
- The value of the gift will be reported to the IRS on form 1099-INT.
- If the account is closed within six (6) months of account opening and the gift card was received, the value of the gift card will be deducted from the account.
- Offer may be withdrawn or changed at any time without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Classic checking is the easiest account to keep fee free. There is a $6 monthly fee that is waived with an average daily balance of $250. You need to keep the account open for six months otherwise they will deduct $200 from your account.
Our Verdict
Not a huge fan of in branch only bonuses, but this would be worth doing if you live near the eligible branch and it’s a soft pull. If anybody decides to sign up then please share your experiences in the comments below. We will add it to our best location restricted checking bonuses if it turns out to be a soft pull.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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