Deal has ended, view more bank account bonuses by clicking here.
Update 9/17/23: Deal is back and valid until Nov. 1, 2023
Bonus has now expired but there is a bigger bonus for $300 currently available.
Reposting as deal is back for 2017.
Offer at a glance
- Maximum bonus amount: $100 for both parties
- Availability: Seems to be in branch only. All branches are in IA [Branch locations]
- Direct deposit required: No, automatic transfer required
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: August 31st, 2017
The Offer
- Community Bank is offering a bonus of $100 when you refer a friend and they open any new checking account and an automatic transfer occurs. The person being referred will also receive a $100 bonus.
The Fine Print
- $100 gift will be credited to the new customer’s active checking account after an automatic transfer occurs.
- The current customer will receive a $100 credit into their CB&T checking or savings account only after the new customer has met this requirement.
- Gift for new customers will be reported as interest income to the IRS on 1099-INT and as miscellaneous income to the IRS on a 1099-MISC for current customers.
- Offer expires 8/31/17.
Avoiding Fees
They offer a free checking account with no monthly fees. I’m unsure if there is any early account termination fee as I was unable to find the fee schedule.
Our Verdict
If you have an account, feel free to share your referral information in the comments. Please also share if opening an account is a soft/hard pull or not as well. For now I won’t be adding it to the best checking bonus page as we don’t have anybody who can provide referrals and we don’t know if it’s a soft or hard pull.
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
View Comments (6)
$300 offer: https://communitybt.bank/personal/banking/checking-accounts/maxx-checking
Promotion ends November 30, 2024.
@2
I'd like to extend my appreciation to Community Bank & Trust for offering a $100 referral bonus exclusively for the residents of Iowa (IA). This initiative not only rewards existing customers for their loyalty but also benefits new customers who join through referrals. It's a win-win situation for both parties, fostering a sense of community and trust. Such programs demonstrate the bank's commitment to its customers and their financial well-being. Kudos to Community Bank & Trust for their customer-centric approach!
This is back until Nov 1. Terms say Iowa only https://communitybt.bank/refer-a-friend @will @chucksithe
Ironically, I have two of theses branches in my area. Does anyone have a referral for the singup?
I can send you one, send me an email at Treysc1999@gmail.com, as I don’t want to provide my name on this thread.
I called the bank to find out how to get a referral. According to the person I spoke to, a banker/teller can provide the referral if you can't find an existing account-holder. The account can only be opened in-branch (Waterloo/Cedar Falls, or at Cedar Rapids Bank & Trust in CR).