Posted by William Charles on July 13, 2019
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Published on July 13th, 2019 | by William Charles

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[Expired] [IL In Branch Only] Byron Bank $200 Checking Bonus

Deal has expired, view more checking bonuses by clicking here

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: In branch only, all branches are in IL [Branch locator]
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: eStatements & online banking
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Bonus forfeit, six months
  • Household limit: None listed
  • Expiration date: September 30th, 2019

The Offer

Direct link to offer

  • Bryon Bank is offering a bonus of $200 when you open a new checking account.
    • Get $100 when you set up a direct deposit within 45 days of account opening
    • Get $200 when you set up direct deposit, online banking and eStatements within 45 days

The Fine Print

  • Get $100 for opening a qualified checking account with direct deposit from July 1, 2019 – September 30, 2019.
  • Get $200 for opening a qualified checking account with direct deposit and enrollment of online banking and E-Statements from July 1, 2019 – September 30, 2019.
  • Examples of direct deposit include payroll, pension, Social Security, or other government benefits. Deposits from existing Byron Bank accounts do not qualify.
  • Limit one bonus per customer.
  • Primary account holder must be 18 years of age or 16/17 years of age with a parent or guardian on the account with them. Annual Percentage Yield (APY) is accurate as of July 1, 2019.
  • $100 bonus will be paid 90 days after the account is opened and direct deposit is set up within 45 days of account opening.
  • $200 bonus will be paid 90 days after the account is opened, direct deposit is set up and enrollment of online banking and E-Statements has occurred within 45 days of account opening.
  • If the account is closed by the customer or bank within six months of opening, all bonuses earned and received by the closing date will be deducted from the final account balance.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT.

Avoiding Fees

Monthly Fees

Pennywise seems to be the easiest account to keep fee free, it has no monthly fee to worry about.

Early Account Termination Fee

Account needs to be kept open for six months, otherwise the bonus will be forfeit.

Our Verdict

Need to know if it’s a hard or soft pull, if it’s a soft pull then it should be worth doing for most people if they live near a branch. Because it’s in branch only it should be possible to ask before opening the account. We won’t add it to the best bank bonus page until we know more.

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Adam d
Adam d

Typo: Byron Bank.

Charles Mann
Charles Mann

All of their branches appear to be in the Rockford, IL area only.

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