Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â IA & IL
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Up to $2,000
- Monthly fees:Â None
- Early account termination fee:
- Household limit:Â One
- Expiration date:Â None listed
Contents
The Offer
- American Bank & Trust is offering a $100 checking bonus when you complete the following requirements:
- Make one deposit within 30 days
- Make 5 debit card purchases within 30 days
- Maintain a balance of $0.01+ for 30 days
The Fine Print
- The $100 bonus is available to only new customers and limited to one per household.
- Account Fees: You will be charged $2.00 for each non-American Bank ATM withdrawal in excess of 6 per month.
- A monthly fee of $5.00 will be charged for customers under 55 years of age and over 25 years of age if electing to receive paper statements.
- You will receive $100 as a bonus after 1 deposit and 5 debits are made within the first 30 days.
- To obtain the bonus, you must maintain $0.01 for 30 days.
- $100 Bonus will appear as an account credit on the first business day after 30 days and all qualifications are satisfactorily met.
- Fees may reduce the earnings on the account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $5 monthly fee, this is waived with paperless statements
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any early account termination fee.
Our Verdict
Seems like a great bonus, especially if you can take advantage of the credit card funding and it’s a soft pull.
Hat tip to JesC
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
- Bank Bonus Posting Times
