Posted by William Charles on June 1, 2019
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Published on June 1st, 2019 | by William Charles

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[Expired] [KY, Students only] Forcht Bank $100 Student Checking Account (Must Be 13-24 Years Old)

Deal has expired, view more bank account bonuses by clicking here

Offer at a glance

The Offer

Direct link to offer

  • Forcht Bank is offering a bonus of $100 when you open an iSTUDENT checking account and complete the following requirements:
    • Complete 10 debit card transactions within 60 days
    • Enroll in online banking within 60 days

The Fine Print

  • Offer is not available to existing Forcht Bank checking customers or customers whose accounts have been closed within the last 12 months. Forcht Bank employees and their immediate family are not eligible for this promotion.
  • Promotional period begins on 4/15/19 and ends on 8/31/19.
  • To receive $100 bonus: (1) Open a Forcht Bank iStudent checking account, subject to approval; (2) Deposit $50 or more at account opening; (3) All account holders must enroll in online banking; and (4) Complete at least 10 debit card transactions.
  • All requirements must be met within 60 days of account opening. If all requirements have been met, the bonus will be deposited into your account 65 days after account opening.
  • No minimum balance is required to earn the bonus.
  • The bonus is considered interest and will be reported on IRS Form 1099-INT.
  • If checking account is closed within 180 days after account opening, an early account closure fee will apply.
  • 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 no monthly fees to worry about

Early Account Termination Fee

Bonus is forfeit if closed within 180 days of account opening

Our Verdict

We have seen a bonus of up to $300 from Forcht Bank before, so this $100 bonus is not nearly as attractive. That bonus was only available at one branch though so if you’re a student it might make sense to do this deal.

Useful posts regarding bank bonuses:



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Fish
Fish

Pei just sent out an email.. referral bonus is now $15 for each person you refer.

“We’re celebrating with Give & Get $15 for you and a friend! Once a purchase at a Pei merchant has been posted, bonuses will be credited.”

Fish
Fish

Also I confirmed that the requirements are differnet for this ref bonus to credit.

The $15 will only credit once the referral earns their first cash back at a retailer. I’m not sure if this means once the cash back goes pending or once it is confirmed. Previously the ref bonus would confirm 1-2 days after they signed up and linked their card. Now I’m guessing it’ll be 1-2 days after they sign up, link a card, and earn cash back.

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