Posted by William Charles on July 27, 2019
Deals

Published on July 27th, 2019 | by William Charles

48

[Expired] [MN, ND & AZ] Bell Bank $200 Checking Bonus – Direct Deposit Not Required

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

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: They have branches in ND & MN. This promo is supposed to be for the Woodbury branch in MN, but there is an online code that can be used
  • Direct deposit required: Yes, or an automatic payment
  • Additional requirements: Use promo code
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown, not sensitive
  • Credit card funding: Can fund up to $1,000 with a Visa or Mastercard
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: One
  • Expiration date: August 31st, 2019

The Offer

Direct link to offer

  • Bell Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements:
    • Use promo code NEWMKT200
    • Receive a direct deposit or automatic payment made within 60 days of account opening

The Fine Print

  • You will receive $200.00 after your new first-time personal checking account has been opened for 60 days and a direct deposit or an automatic payment has occurred.
  • After qualifications are met, bonus will be deposited into account within 5 business days.
  • Limit of one bonus per household and per account.
  • This is available to customers with a current new market promo code opening a new first-time personal checking account.
  • New customer must open the account at Bell Bank’s Woodbury location and will receive a 1099-INT form for the $200 deposited to the new account.
  • Expires August 31, 2019. Member FDIC
  • 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

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not

Our Verdict

Always nice to see bonuses with no direct deposit requirement. I’m not sure if you’ll need to live near the Woodbury branch to get approved or not . Will be added to the best checking account bonuses. Please share your experiences in the comments below.

Hat tip to reader Stevil

Useful posts regarding bank bonuses:



48
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
NewMunicipality
NewMunicipality

In addition to MN/ND, Bell Bank also has a branch in AZ in the greater Phoenix area that just opened.

Emporio
Emporio

Thanks Doc- this is easy money for ND and MN residents! I applied online using promo NEWMKT200 and chose the Woodbury location as my home branch. I have 25+ Chex inquiries in the last 12 months so I would not characterize this bank as Chex inquiry sensitive. You can fund the account with up to $1,000 on a Visa or Mastercard. I have credit monitoring and did not receive an alert of a hard pull so I assume it’s a soft pull only.

Matthew
Matthew

Is it coded as regular purchase or CA? Thanks

Emporio
Emporio

I used my Chase Ritz-Carlton Visa Infinite which I use regularly to fund CDs and bank accounts and it always codes as a purchase. YMMV depending on the card and issuer.

Joe
Joe

I used my discover with $0 CA limit so definitely a purchase

Burton

US Bank Radisson Rewards Visa card coded as purchase. I didn’t see many data points with this or it’s fka Club Carlson at other banks but it’s the only MSR I’m working on so I figured I’d give it a shot after the rep confirmed my CA limit was set at $0.

Mark
Mark

I went through the whole application looking for a place to put the promo code but I could not find it. Where did you find it?

Mark
Mark

Just to update, I submitted the question to the team via email and this is their response:

Thank you for your message! I will pass along your promo code to our online accounts team to get added to your new account.
Please note that this promotion requires your account to be open for 60 days, and a direct deposit or automatic electronic withdrawal to happen during that time.

Hiep
Hiep

I applied and was declined because they cannot verify my information! Is it the way they tell me I have too many chex inq?

edmund
edmund

Couldn’t verify my identity, even though I answered everything correctly… I was directed to a signature card and asked to provide documents to verify my identity so I uploaded my driver’s license. Application is now pending review, $1k funding on Discover went through.

Burton

There is a fee schedule in the application and I don’t see anything about early termination but there is an inactivity fee if you don’t touch it for 12+ months ($5/mo if balance <$100 and no customer initiated transactions). Other than that no surprises.

Additionally, on the off chance you have a mortgage with them there are offers ranging from $300-$525 at the end of the fee schedule. It also looks like the "normal" new checking bonus is $50 so this link gets you an extra $150.

Karsinogen
Karsinogen

Bell Bank also has a referral program, where you and the referee get $50. Details at the following link: https://www.bellbanks.com/Refer-a-Friend

arizonapv
arizonapv

When you sign up, you can either choose to enter a friend’s referral code for the $50 Karsinogen mentions or you can enter a promo code to receive a $200 bonus.

Karsinogen
Karsinogen

Oh damn, yeah, if it’s one or the other, forget the referral.

klg
klg

Tried to open with southeast AZ zip; not eligible.

Michael
Michael

FWIW, residents of Wisconsin look like they can apply. Woodbury is on the east side of the Twin Cities and very near WI, so I imagine residents of at least that immediate area could try to apply too.

Kimillionaire
Kimillionaire

The AZ branch is in Chandler. I opened a checking account with a Phoenix metro area zip code and was accepted.

You enter the promo code on the application page (second tab). The section is titled CHECKING ACCOUNT REFERRAL | PROMO CODE. I selected Online ad/social media from the drop-down menu to get the Promo Code field to appear.

JDee
JDee

Anyone have any idea what could qualify as a direct deposit? I’m going to try capital one, ally, and chase. Hopefully one of those works.

Karsinogen
Karsinogen

Serve or Bluebird would prolly be a safe bet.

Kimillionaire
Kimillionaire

DP: Deposited $500 with a Citi Premier card, and it coded as a purchase.

MikeTheCreator
MikeTheCreator

Anyone else receive 5$ for enrolling in estatements?

edmund
edmund

Yes, just this morning.

Burton

Any idea what an “automatic payment” is? Would this just be initiating a payment from Bell through my credit card website?

Has anyone figured out how to find your account number on their site? I have it printed at home but just wasted 5 minutes clicking aimlessly around their site without any luck. I tried a dummy order of checks which shows the routing number but most of my account number is xxxxx.

Also don’t forget to check estatements for your free $5.

PS – this bank doesn’t seem to get along with Personal Capital very well as i need to “fix” it nearly every login.

Jonathon
Jonathon

I was wondering the same thing. I did find this link: https://www.bellbanks.com/Easier/Making-the-Switch/Moving-Automatic-Payments

So I assume an automatic payment is either an autopay or a bill pay from them. I just sent in my electric bill through their Bill Pay, so we’ll see if that works.

Burton

Jonathon Thanks – did your bill pay work?

I’m trying the autopay from CC route. It says bonus will post w/in 5 days and the $5 bonus posted quickly so I should know if that worked with plenty of time to set up a bill pay or DD if needed.

I have been peppered with Bell Bank $200 ads on virtually every website I visit so clearly they are pushing this online to anyone who visited their site and not just the Woodbury branch.

Also, your account number is not visible online. They said to look at your checks if you have them or they can provide if you contact them. If it was shown when I applied for the account I missed it but no big deal.

Burton

Never mind – missed that 60 days is one of the requirements so there is no confirmation it worked until window to complete is closed. I hit it both ways just to make sure (bill pay from Bell, payment initiated at cc).

Michael
Michael

Soft pull. $1000 from CapitalOne Quicksilver posted as purchase.

BB
BB

CIP coded as purchase.

Back to Top ↑