[IA only] First National Bank $200 Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: IA only
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown 
• Monthly fees: None
• Early account termination fee: $100, 90 days
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• First National Bank (IA) is offering a bonus when you open a new checking account and complete the following requirements:
  • Fund with an initial deposit of $500+
  • Meet with a First National Bank Personal Banker Select 4 new products or services:
    • Refer-a-Friend
    • Set-up Two Electronic, Automatic Payments (ACH)
    • Set-up Direct Deposit
    • Open a Savings Account/CD
    • Apply for Home Equity Line of Credit
    • “Like Us Twice” (Facebook, LinkedIn, Twitter, Instagram)
    • Enroll in Credit Sense
    • Apply for a First National Bank Credit Card
    • Enroll in Zelle®
    • Apply for a Consumer Loan
    • Set-up a meeting with Greg Driskell at Raymond James Investment Center
    • Enroll in eStatements

The Fine Print

• A one-time $200 bonus is available for consumers who open a new First National Bank personal checking account with an initial deposit of $500 or more and consumer must also meet with a First National Bank Personal Banker and select 4 new products or services from the available list.
• First National Bank checking account is required.
• Bonus will be deposited into your First National Bank personal checking account within 30 business days of account opening.
• If you received the $200 bonus as a result of opening a new checking account, your new checking account is subject to an early account closing fee of $100 (if you close your new account within 90 days of account opening). 0.00% APY effective 6/21/2022.
• One bonus per qualifying account.
• Accounts must be opened on or before 7/29/2022.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

ECOMPASS and COMPASS have no monthly fees to worry about.

Early Account Termination Fee

$100 if closed within 90 days

Our Verdict

Easiest four requirements seem to be:

• Enroll in eStatements
• Enroll in Zelle®
• “Like Us Twice” (Facebook, LinkedIn, Twitter, Instagram)
• Set-up Two Electronic, Automatic Payments (ACH)

Credit sense might be a good option as well but unsure if that has any fee involved. Requirements seem easy but it does look like you’ll need to open in branch, should be able to ask if it’s a hard or soft pull when opening the branch.

Hat tip to reader Bockrr

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