Posted by William Charles on September 13, 2019
Bank Account Bonuses

Published on September 13th, 2019 | by William Charles

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[IA, In Branch only] Citizens First Bank $100 Checking Bonus

Offer at a glance

The Offer

Direct link to offer

  • Citizens Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
    • Receive a deposit of your primary source of income
    • Complete two debits (ACH, check, electronic transaction, bill pay, POS)

The Fine Print

  • The bonus is available for new Ba$ic, Ca$h Rewards, Plu$ Rewards, and Intere$t Rewards checking accounts. Minimum deposit of $100.00 to open account.
    You will receive $100.00 Bonus credited to your account within 30 days after meeting the Bonus qualifications. Bonus qualifications include a deposit of your primary source of income
    (disability, retirement, social security, payroll) and 2 debits (ACH, check, electronic transaction, bill pay, POS) posted and cleared within the first 60 days of account opening.
  • ATM debits do
    not count toward 2 debit qualifications.
  • You may not have had a checking account at Citizens First Bank in the last 12 months.
  • Citizens First Bank reserves the right to end this promotion at any time at our discretion. Fees may reduce earnings.
  • Limit one Bonus per customer. $100.00
  • Bonus is reportable as interest on 1099- INT for tax reporting year which Bonus is received.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Ca$h Reward$ Checking has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

Small bonus and it needs to be opened in branch, I think they will probably manually verify the primary source of income requirement as well. Because of all that I don’t think this one is worth doing and I won’t be adding this to our list of the best checking bonuses.

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