[MD only] Arundel Federal Savings Bank $300 Checking Bonus

Offer at a glance

• Maximum bonus amount: $300
• Availability: Must be Maryland resident
• Direct deposit required: Yes, $400+ at least three times within 90 days of account opening
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: None
• Early account termination fee: $15, 90 days
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Arundel Federal Savings Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
  • Use promo code FREEBEE19
  • Get a $50 bonus when you make 15 minimum debit card purchases
  • Get a $50 bonus when you enroll in bill pay, establish at least 3 qualified payees and make a minimum of 2 bill payments to each payee within 90 days of account opening
  • Get a $100 bonus when you receive a qualified direct deposit of at least $400 3 times within 90 days of account opening
  • Get a $100 bonus when you maintain a daily balance of $200 for 75 consecutive days within 90 days of account opening

The Fine Print

• In order to be eligible, you must be a Maryland resident and a new AFSB checking account customer and open a new Arundel Federal FreeBee Checking account online or in-branch using the promotional code “FREEBEE19”. Account application subject to approval. $50 minimum opening deposit required. You may open only one eligible account per Taxpayer ID Number. Offer only available to natural persons.
• You must not have had an AFSB FreeBee Checking account within the last 90 days, had one closed with a negative balance or received an AFSB bonus payment within the last 12 months.
• You must maintain the account in good standing (no non-sufficient funds/returned deposits) during the first 90 days.
• A $15 early close-out fee applies if the account is closed within 90 days of the date the account was opened.
• After 90 days, dependent on which requirements you completed, your bonus will be deposited into your new FreeBee Checking account within 14 business days (Monday-Friday, excluding holidays) as a 2019 FreeBee Bonus. Bonus will be reported on IRS form 1099.
• Offer/bonus is not available to Arundel Federal Savings Bank directors, officers, employees and their families. We reserve the right to withdraw this offer 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

This account has no monthly fees to worry about

Early Account Termination Fee

A $15 fee is charged if the account is closed within 90 days of account opening

Our Verdict

They had a $100 bonus with no direct deposit in the past. This is a bigger bonus but you need a direct deposit to get the full amount. I’m not sure if you can just skip the direct deposit requirement and still get a $200 bonus or if you need to have done the direct deposit bit to qualify for the last $100 as well (update: You don’t need to have done the first part to get the second part). Either way still a nice big bonus and we will be adding this to our list of the best bank account bonuses.

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