Posted by William Charles on February 24, 2019
Checking Accounts

Published on February 24th, 2019 | by William Charles

7

[IL, In Branch] North Shore Community Bank $300 Checking Bonus

This is a WinTrust Community Bank, so I think the details for hard/soft pull will be the same as this similar deal from another WinTrust Bank (Town Bank) but it’s possible they could be different. Another person also reporting receiving a mailer from Clarendon Hills Bank, also located in IL [Branch locator]. Another person reports it being available at Hanover Park Community Bank as well.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Illinois branches only [Branch locator]
  • Direct deposit required: Yes, $500+ required
  • Additional requirements: Online banking and eStatements
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $15, avoidable
  • Early account termination fee: Unknown
  • Household limit: None
  • Expiration date: March 29th, 2019

The Offer

No direct link, see mailer below. This is a WinTrust bank, in a similar WinTrust Bank deal the mailer wasn’t required and the promotion was available to everybody.  Fine print also just says you need to say your aware of the promotion when opening the account

  • Open a new Premier Checking account and receive a bonus of $300 when you complete the following requirements:
    • Enroll in online banking
    • Active eStatements
    • Complete a monthly direct deposit totaling $500 or more within the qualifying period

The Fine Print

  • Bonus will post within 30 days following the end of the qualification period if the requirements are met.
  • The qualification period is two consecutive calendar months following the calendar month the account is opened
  • “Direct deposit” means any payment made by a government agency, employer or other third-party organization which is made via an electronic deposit.
  • Direct deposits do not include teller/ATM/mobile or remote deposits, wire transfers, online banking/telephone transfers between accounts at the bank, external transfers from other accounts at other financial institutions and/or ATM/debit card transfers and dpeosit
  • Bank instructions: enter code WFC00DMPC300
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Account has a $15 monthly fee. To avoid this you need a daily balance of at least $10,000 or an average combined balance of $75,000+

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

If this turns out to be the same as the Town Bank deal then this is definitely worth doing, that remains to be seen though. That being said it should be at least possible to find out if it’s a soft or hard pull to open the account before opening it as you need to open in branch. We will likely add this to our list of the best bank account bonuses. One thing to note is this account is more difficult to keep fee free than the Town Bank deal unfortunately.

Big thanks to reader, Marvin M who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Tim
Tim

I just have a Wintrust Commercial Bank near me. So, I would have to drive a good hour to the Chicago burbs. Tempting..

AlertTip
AlertTip

There are several Wintrust Banks in the city, where you can open a North Shore Community Bank account https://www.nscbank.com/about-your-bank/connect-with-us/findus.html

DaBrain13
DaBrain13

Did this a few months ago with “Evanston Community Bank,” also a Wintrust community bank. Bonus came through no problem (although a little slowly) after 3DDs from employer. No hard pull. Haven’t gotten a Chex report since but when I do I’ll update.

blah blah
blah blah

Will any other DD count i.e. Capital one 360?

Matthew
Matthew

I will add that Premier Checking comes with waived fees on money orders, cashier’s checks, incoming wire transfers, and the smallest size Safe Deposit box (or equivalent discount on a larger box).

AllwaysLearning22
AllwaysLearning22

The eligibility language is kind of murky: ‘This bonus offer is not available to existing or closed checking account customers of Wintrust Financial Corporation and its subsidiaries (“WTFC”) or its active employees’

Does this mean you are not eligible if you ever had a checking account with NSCB? I did have one some 3-4 years ago.

Art
Art

I see the same looking mailer in informed delivery, except for ‘Village Bank & Trust’, which is in Prospect Heights.

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