Offer at a glance
- Maximum bonus amount: $300
- Availability: In branch only? All branches are in LA [Branch locations]
- Direct deposit required: Yes, no minimum
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None listed
- Expiration date: 8/31/26
Contents
The Offer
- Home Federal Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Enroll in Online Bill Pay
- Set up at least one recurring Bill Pay payment
- Receive at least one qualifying payroll direct deposit within 30 days of account opening
- Maintain a minimum daily balance of $500
- Keep your account open and in good standing for at least six months
The Fine Print
- Offer available to new HFB account customers only.
- Customer must meet qualifying requirements within the promotional period to receive $300 bonus.
- Existing HFB customers are not eligible.
- Offer valid until 8/31/26 and may be modified at any time.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Cash back checking has no monthly fees to worry about.
Early Account Termination Fee
I didn’t see any mention of one in the fee schedule.
Our Verdict
Seems like a small bank so I think this will be a very manual process. Sometimes approval with these banks can be difficult as well. If you go for it then share your experiences in the comments below.
Hat tip to reader Bockrr
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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
