Link no longer works, if anybody finds one let me know in the comments.
Offer at a glance
- Maximum bonus amount: $250
- Availability:Â IL, IN, MI, NV and OH Only
- Direct deposit required: Yes, $150+
- Additional requirements: None
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: $5.95, waiveable
- Early account termination fee: $25, 180 days
- Expiration date:Â None listed
The Offer
- Receive a sign up bonus of $250 when you open an eClassic checking account with Talmer Bank & Trust and setting up a qualifying direct deposit of $150 or more within 60 days of account opening.
The Fine Print
- The direct deposit needs to be an electronic deposit such as a paycheck or pension from your employer, or government benefits such as Social Security
- The initial direct deposit must be credited to your account within 60 days of the account opening date
- Within 120 days after receiving your first direct deposit, we will deposit $250 into the personal account. If the account is closed prior to the crediting date, the bonus will not be paid
- Offer is available to new Talmer Bank and Trust personal checking account customers only, and new accounts are subject to approval
- A new customer is defined as not having a personal checking account with Talmer Bank within the last 12 months
- Minimum opening deposit of $50. Limit one promotional payout per account
Avoiding Fees
Account needs to be open at the time of the bonus posting, otherwise you will not receive the bonus. You’ll also need to keep the account open for 180 days to avoid any early account termination fee. The eClassic account has a monthly fee of $5.95 is waived if you do any of the following:
- Have a minimum average daily balance of $500+ OR
- Have a combined minimum average daily balance of $5,000+ OR
- Enroll in eStatements OR
- Have a qualifying direct deposit
Our Verdict
This seems like a pretty easy bonus to meet and also keep the account fee free. Here is what I’d do if I was completing this bonus:
- Open an eChecking account
- Enroll in eStatements to avoid the monthly fee
- Change my payroll (or use an ACH transfer if not possible to try) and trigger the direct deposit
- Wait for the bonus to post and 180 days to be up (to avoid early account termination fee), close account
Shame you can’t fund with a credit card and you have to apply for the bonus in branch. Still we’ve added this bonus to our best of list, you can view that here.
Hat tip to Maximizing Money
