Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â In branch only, all branches are in IA[Branch locator]
- Direct deposit required:Â Yes, no minimum mentioned but must be primary source of income
- Additional requirements:Â Complete two debits
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The 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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