[IL, In Branch Only] Republic Bank $150 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update: Only for military veterans and service members. There is also a $150 checking bonus that isn’t for military vets.

Offer at a glance

• Maximum bonus amount: $250
• Availability: In branch only, all branches are in IL [Branch locations]
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: Maintain a balance of $2,500 for three consecutive months
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer (savings) | checking

• Republic Bank is offering a $250 savings bonus when you complete the following requirements:
  • Maintain a minimum balance of $2500 for three consecutive months
• Republic Bank is offering a $150 checking bonus when you complete the following requirements
  • Complete a direct deposit (no minimum mentioned)

The Fine Print

Savings bonus:

• Our procedure requires the customer to call or visit a banking center to talk with a personal banker/manager to obtain bonus.
• This is a one time bonus, limited to one person per household.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Checking bonus:

• Checking offer is not available to existing Republic Bank of Chicago checking customers.
• To receive the $150 checking bonus customers must complete the following requirements: open any new Republic Bank of Chicago personal checking account (subject to approval), deposit the minimum balance to open the account type, and setup and complete a direct deposit to the checking account within 60 days of account opening.
• The direct deposit must be an electronic deposit of your paycheck, pension, and/or government benefits (such as Social Security) from your employer or the government.
• Thirty business days after completing all of the above requirements, Republic Bank of Chicago will deposit the $150 bonus into your new checking account.
• Bonuses are considered interest and will be reported to the IRS. If the checking account is closed within six months after opening, Republic Bank of Chicago will deduct the bonus amount from the account balance before account closing.
• Bonus offer limited to one (1) offer per customer regardless of the number of accounts opened.
• Other activity restrictions and fees may apply.
• Ask a banker to see our Fee Schedule and Terms and Conditions. Offer expires December 31, 2021.

Avoiding Fees

Monthly Fees

Account has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF or not.

Our Verdict

Should be able to ask if it’s a hard or soft pull when you sign up in branch.

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• A Beginners Guide To Bank Account Bonuses
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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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