Deal has now ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $100
- Availability: KY only
- Direct deposit required: No
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $4, avoidable
- Early account termination fee: $25, 90 days
- Household limit: None listed
- Expiration date: October 14, 2020
Contents
The Offer
- Kentucky Bank is offering a bonus of $100 when you open a new smart checking account
The Fine Print
- Offer only valid when opening one of our Smart eAccounts online.
- You must open your new account by 10/14/2020.
- After opening your Kentucky Bank checking account, we will deposit the bonus in your new account within 90 business days.
- Only valid for new Kentucky Bank checking customers.
- Limited time offer—may be discontinued without notice.
- The offer is not available to those whose accounts have been closed within 90 days of opening or closed with a negative balance. $25 minimum deposit required to open account.
- Bonus may be taxable as interest income and reported on IRS Form 1099-INT. Consult a tax advisor.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $4 monthly fee. You can reduce it by the following amounts:
- Direct deposit refund – ($2.00)
- eStatement refund – ($2.00)
- Military refund (active & veteran) – ($4.00)
- Student refund (under age 23) – ($2.00)
Early Account Termination Fee
There is a $25 fee if closed within 90 days
Our Verdict
No requirements for the bonus, but a bit annoying to keep the account fully fee free. Although with just eStatements it’s only $2 a month so not that bad depending on how long the account needs to be opened/how long it takes for the bonus to post. Worth doing if it’s a soft pull.
Hat tip to reader Jordan
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
