[Expired] [IL, IN, KY, MO] Banterra Bank $250 Checking Bonus

Deal has expired, view more checking bonuses by clicking here.

Offer at a glance

• Maximum bonus amount:
• Availability: IL, IN, KY, MO
• Direct deposit required: Yes, $250+
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown 
• Credit card funding: Unknown
• Monthly fees: $10, avoidable
• Early account termination fee: Bonus forfeit, six months
• Household limit: None listed
• Expiration date: 4/30/20

The Offer

Direct link to offer

• Banterra Bank is offering a bonus of $250 when you open a new Saluki interest checking account and complete the following requirements:
  • Receive at least one direct deposit of $250+ within 60 days of account opening

The Fine Print

• $250 Cash Bonus With Saluki Interest Checking: To receive $250 bonus, one direct deposit must post to your account within 60 days of account opening; direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government and must be $250 or higher.
• Bonus will be credited to your account within your statement cycle following your first direct deposit and will be reported as income on Form 1099-INT.
• Limit one bonus per customer.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

To avoid monthly fee of $10, one of the following is required each statement period: 1) $2,500 minimum daily balance or 2) $5,000 combined average balance in checking, savings, money markets or CDs. 3) A monthly direct deposit of at least $200 or higher is deposited to this account.

Early Account Termination Fee

Bonus forfeit if closed within six months

Our Verdict

Need to know if it’s a hard or soft pull, but worth doing if it’s a soft pull. Will add it to our best checking bonus post if it is a soft pull.

Hat tip to reader @mothman69

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