Posted by William Charles on August 17, 2019
Bank Account Bonuses

Published on August 17th, 2019 | by William Charles

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[MN only] Flagship Bank $100 Checking Bonus

Offer at a glance

The Offer

Direct link to offer

  • Flagship Bank is offering a bonus of $100 (and they will make a $100 donation to the Randy Shaver cancer research & community fund) when you complete the following requirements within 90 days of account opening:
    • Set up direct deposit
    • Make at least 3 online bill payments

The Fine Print

  • Qualifying activity includes three online bill payments using Flagship’s online bill payment system, and one direct deposit.
  • $50 minimum balance required to open account.
  • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
  • All requirements must be met and qualifying activity must be initiated and post to the account within 90 days of account opening to obtain $100 bonus.
  • Bonus will be deposited to the account within 6 weeks of completing requirements.
  • Bonus may be taxable as income and reported on IRS Form 1099-MISC.
  • Fees may apply. Contact a personal banker for details.
  • Not valid with any other offer. 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

There is no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule

Our Verdict

Relatively small bonus, probably not worth it for most people but it’s nice that they also donate $100 to charity. That being said considering it’s a soft pull and there’s a small amount of credit card funding we will be adding this to our list of the best checking bonuses.

Useful posts regarding bank bonuses:



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Emporio
Emporio

I’d pursue this bonus if credit card funding was an option. I’ll report back if I go through with an application.

Mike
Mike

$100 CC funding max

Mike
Mike

$100 in credit card funding max. Pretty easy approval, took less than 5 minutes.

Karsinogen
Karsinogen

This bank has CC funding, but a limit of $100. Visa and MC only, no AmEx. CFU coded as a purchase. No hard pull when I opened the account and doesn’t seem to be Chex sensitive.

Karsinogen
Karsinogen

07/01 – Opened account
07/08 – x3 bill pays
07/11 – $250 employer DD
08/20 – $100 payout

Just under six weeks, per the terms. Fast and easy.

Midn02
Midn02

“Account Closing (if open less than 6 months) $25.00”

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