[Expired] [IL, WI only] First National Bank and Trust Company $150 Checking Bonus – No Direct Deposit Required

This promo has now ended, you can view the best current checking bonuses by clicking here

Update 10/20/19: Deal is back and valid through December 31st, 2019.

Offer at a glance

The Offer

Direct link to offer

  • First National Bank and Trust Company is offering a bonus of $150 when you open a new checking account. Bonus is broken down as follows:
    • Earn $50 per paid bill ($150 maximum)

The Fine Print

  • To qualify for the full $150 incentive, a new consumer checking account must be opened between 08/01/19 and 09/30/19 and customer must pay 3 bills using FNBT’s online bill pay by 10/31/19.
  • New checking account will not be eligible for offer if customer has an existing consumer checking account or has closed an account within the past 90 days.
  • Customer will receive $50 for each bill paid online up to a maximum of 3 bills ($150).
  • Amount will be credited to the eligible account by 11/15/19.
  • Accounts closed for any reason prior to 11/15/19 will not receive the bill pay offer.
  • Limited time offer.
  • All incentives will be identified as “Bill Pay Incentive” on your monthly statement.
  • The value of the incentives may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Standard checking account has no monthly fees as long as you opt for eStatements

Early Account Termination Fee

According to this page there is a $30 closure fee if closed within 90 days

Our Verdict

Easy bonus and no monthly fees to worry about. Because it’s a soft pull I’ll be adding this to our list of the best checking bonuses.

Useful posts regarding bank bonuses:
    William Charles
  • On October 20, 2019, 17:39

View Comments (28)

  • Cancel via SM with zero balance. Spoke with a rep to cancel today and she said you can zero out and send a secure message or call to cancel, fyi

  • Got an email alert today!
    2019-10-26 opened
    2019-10-30 met bill pay requirements
    2020-02-03 did another bill pay to keep the activity going
    2020-04-23 $150 bonus payout

  • Well, it's been 90 days and I haven't seen the bonuses post (and I did make sure the account wasn't dormant within the last 90 days). Anyone have another successful DP? I'll try contacting the bank later this week.

  • PSA: I complete the requirements (so easy) and just reached out to them to ensure I was on track to receive bonus (since all actions were legit) and I found out an important detail: they have 90 days to pay after the promotional period ends on 1/31/2020. AND as you'll see in the pasted response below, the account must not be dormant, must have at least one transaction within the 90 day leadup to payment or else bonus is forfeited. Here are the exact requirements as noted by the online rep today:

    "*To qualify for the full $150 incentive, a new consumer checking account must be opened between 10/01/19 and 12/31/19 and customer must pay 3 bills using FNBT’s online bill pay by 01/31/20. New checking account will not be eligible for offer if customer has an existing consumer checking account or has closed an account within the past 90 days. Customer will receive $50 for each bill paid online up to a maximum of 3 bills ($150). Amount will be credited to the eligible account within 90 days after the promotional period has ended. To remain eligible for the offer, account must remain open and active. Accounts with zero transactions within the 90 days leading up to bonus payment, will forfeit the bonus. Limited time offer. All incentives will be identified as “Bill Pay Incentive” on your monthly statement. The value of the incentives may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation."

  • How long does this take to pay out? Will it not be until beginning of the new year since it ends at the end of december?

    • The fine print on the current offer:

      "To qualify for the full $150 incentive, a new consumer checking account must be opened between 10/01/19 and 12/31/19 and customer must pay 3 bills using FNBT’s online bill pay by 01/31/2020. New checking account will not be eligible for offer if customer has an existing consumer checking account or has closed an account within the past 90 days. Customer will receive $50 for each bill paid online up to a maximum of 3 bills ($150). Amount will be credited to the eligible account within 90 days after the promotional period has ended. To remain eligible for the offer, account must remain open and active. Accounts with zero transactions within the 90 days leading up to bonus payment, will forfeit the bonus...."

      I opened an account during the first promo period and the bonus is supposed to pay out no later than today but I haven't seen anything yet.

  • datapoint: not chex sensitive at all. system gave me member number (Is this a credit union?), account, and routing number all at opening of account. took 10 minutes and was auto-approved.

    • They must have recently limited it to $100. I funded with my Amex Everyday card for $5000 a couple weeks ago as no limit was listed then.

      • dang. coulda used that. they had a javascript form validator enabled when I went through it last night. I suppose you could try disabling that with a noscript-style browser extension, but YMMreallyV on that one.

  • I applied using a Chicago zip code and was denied due to being out of their eligible area.

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