Deal has expired, view more checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:
- Availability:Â IL, IN, KY, MO
- Direct deposit required:Â Yes, $250+
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems:Â UnknownÂ
- Credit card funding:Â Unknown
- Monthly fees:Â $10, avoidable
- Early account termination fee:Â Bonus forfeit, six months
- Household limit:Â None listed
- Expiration date:Â 4/30/20
Contents
The 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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- Introduction To ChexSystems
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