[MO & KS] North American Savings Bank (NASB) $300 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: MO & KS?
  • Direct deposit required: Yes, no minimum
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $8, avoidable
  • Early account termination fee: $30, 90 days
  • Household limit: None
  • Expiration date: None listed

The Offer

Direct link to offer

  • North American Savings Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
    • Open a new Prosper checking account with a total deposit of $1,500 or more in new money
    • Set up ongoing direct deposits and deposit a total of $3,000 or more into this account within the first 90 days of account opening to qualify

The Fine Print

  • $300 offer is valid for a new Prosper Checking account.
  • It is not available to existing NASB personal checking customers (including trustees and signers on joint accounts) or those who have closed a NASB personal checking account within the past 12 months or had accounts closed with a negative balance within the last three years. This offer is limited to one per customer and account (including trustees and signers on joint accounts).
  • This offer can be changed or canceled without notice and cannot be combined with any other offer. To receive the $300 Bonus: 1) Open a new NASB Prosper Checking account with a total deposit of $3,000 or more in new money. The minimum deposit required to open Prosper Checking is $1,500, but the minimum balance to earn a bonus is $3,000.
  • An $8.00 monthly service fee will be applied to your account every month your balance drops below the minimum $1,500.
  • 2) Account(s) subject to approval. The interest rate and annual percentage yield may change after opening the account. 3) Set up ongoing direct deposits and deposit a total of $3,000 or more into this account within the first 90 days of account opening to qualify.
  • Your direct deposits must be electronic deposits of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government.
  • Deposits processed as a debit card credit or via Account to Account or Peer to Peer (e.g., Zelle ®, Venmo) transfers do not qualify. Micro-deposits (small deposits, typically less than $1, that are sent to your account to verify it is the correct account) do not qualify as a direct deposit for the bonus.
  • 4) At the completion of 90 days from account opening, after you have completed the above requirements, if your account is open and in good standing and has a balance greater than zero, NASB WILL DEPOSIT THE $300 BONUS IN YOUR NEW ACCOUNT WITHIN 90 BUSINESS DAYS. THE $300 BONUS OFFER IS CONSIDERED INTEREST AND WILL BE REPORTED ON IRS FORM 1099-INT (OR FORM 1042-S, IF APPLICABLE).
  • The enrolled account must not be closed or restricted during payout to receive this bonus. We may close your account without prior notice if your balance is zero. If you close the account within 90 days of opening, a $30 Account Closure Fee will be applied to your account. The bonus offer is effective as of 9/27/2024.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

An $8.00 monthly service fee will be applied to your account every month your balance drops below the minimum $1,500

Early Account Termination Fee

If you close the account within 90 days of opening, a $30 Account Closure Fee will be applied to your account.

Our Verdict

Terms are a little confusing, says you need to deposit $3,000 at opening and then deposit $3,000 within 90 days. Not sure if the initial deposit counts or not.

Hat tip to Lefty

Useful posts regarding bank bonuses:
    William Charles
  • On January 5, 2025, 18:51
Tags: direct deposit requiredks bank bonusesmo bank bonuses

View Comments (35)

  • 2/7/25 Opened checking account with initial deposit of $1600 from Ally.
    2/10/25 NASB credited deposit from Ally.
    4/3/25 DD from S.S. of $2300+
    5/2/25 DD from S.S. of $2300+
    5/21/25 $300 Promotional Deposit

    I kept $1600 balance from account opening through today.

  • Finally received my bonus so I figured I would post in case there are useful data points

    1/29 Opened account $1500 deposit- ACH Pull from my normal checking account
    2/6 ACH Push from Chase checking $500 (DD total $500)
    2/11 ACH Push from Chase checking $500 (DD total $1K)
    2/13 Withdraw $500 *ACH Pull from my normal checking account
    2/18 ACH Push from Chase checking $500 (DD total 1.5K)
    2/18 Debit Withdrawal $500
    2/19 Real DD from payroll $1693.01 (DD total 3193)
    2/20 Withdrawal 2K *ACH Pull from normal checking
    2/25 ACH Push from Chase checking $500 (DD total 3693.01)
    2/27 Withdraw $500 debit card
    3/4 ACH Push from Chase $500 (DD total 4193)
    3/5 Real DD from Payroll 1486.02 (DD total 5679)
    3/5 Debit Card withdraw 1K
    3/5 ATM withdraw $480
    3/6 Withdraw $500 *ACH Pull from normal checking account
    3/11 Chase Push $500 (DD total 6179)
    3/12 Debit withdraw $500
    3/18 Chase Push $500 (DD total 6679)
    3/19 ATM withdraw $500
    4/30 Day 90!
    5/6 $300 Bonus in account! - (Day 96)

    I definitely didn't keep much more than the $1500 min for too long. I wanted to skip the real DD but since we really didn't have any data points I didn't want to risk it and not get the bonus

  • Any idea when bonus will hit? We should be getting close right? @guest_1981677 @guest_1993349

  • On 3/31 I got hit with the $8 maintenance fee that @H.P. mentioned below. However, my initial funding hit the same day that I opened the account. I called and they credited it back.

  • Applied and approved over the weekend but could not set up online banking. I called, and somehow my email did not get saved to my account profile. (Even though they sent me approval email?) I had to go in branch with my ID to add my email and then got a online temp password. All set now.

  • This is a sneaky bank. I opened my account on Feb 8 (Sat) with an initial deposit of $1525. They withdrew the money from my external bank on Feb 10 and credited it to my NASB account on Feb 11. I didn't add/withdraw any money after that. I was notified today March 1 that my account was charged $8 service fee for Feb. I called them and asked why. They said because my balance was $0 on Feb 10 and "If your balance on any one day of the monthly statement falls below $1,500, you will be charged a fee of $8 for that cycle". So unless you manage to deposit at least $1500 somehow so that it gets credited on the opening day, they will nail you $8 service fee for the first month.

  • So am I the only one confused here? You don't have to hold any funds in this account technically? Just get $3k in DD every month and you'll hit it? The opening deposit was just an initial deposit and can be pulled out? @guest_1981677 @guest_1993349 @gadget

    • No, you aren’t required to hold the funds but I don’t like fees and the min balance is $1500 or there is an $8 fee and who wants to pay $8 x 7 months

    • That’s not how I interpreted the terms. I signed up with the $3000 requirement and P2 signed up when the terms required $1500 to be maintained. To be safe, we’re leaving those amounts as a minimum balance at all times until the bonuses pay.

      • @guest_1981677 Lefty, the other guy SG keeps thinking that its 7 months to get the bonus. Do you think the 90 day mark starts when you open the account like every other bonus we've seen or after the initial 90 days?

        #2: You two are thinking differently about the maintenance funds and fees. I may play it safe and keep it in there but I'd have to hold up $6k since I signed up both players at $3k.

        • I opened the account this evening. Speedy process. I am keeping the $1500 until bonus payout simply to prevent paying any fees. But the 3K in total DD will go in and will also be coming back out as needed.

  • Has anyone done a bonus with NASB before?

    Based on the offer terms the bonus payout says they wait the initial 90 days then if you meet the requirements then they will deposit the bonus within 90 business days. If it truly takes that long - 90 business days is over 4 months so we are talking about 7 months.
    I am in KS and willing to try it, but I am not sure I have the patience to wait 7 months!

  • I think this offer has changed. When I first saw it earlier this month it said $1500 min to open but $3K if you want the 300 bonus but now it's just 1500 min to open. So that was a nice change!

    • Directly from NASB website offer terms
      "To receive the $300 Bonus: 1) Open a new NASB Prosper Checking account with a total deposit of $1,500 or more. 2) Account(s) subject to approval. 3) Set up and complete direct deposits totaling $3,000 or more into this account within the first 90 days of account opening. Your direct deposits must be electronic deposits of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. Deposits processed as a debit card credit or via Account to Account or Peer to Peer (e.g., Zelle ®, Venmo) transfers do not qualify. Micro-deposits (small deposits, typically less than $1, that are sent to your account to verify it is the correct account) do not qualify as a direct deposit for the bonus. 4) At the completion of 90 days from account opening, if you have completed the above requirements and your account is open and in good standing with a balance greater than zero, NASB WILL DEPOSIT THE $300 BONUS IN YOUR NEW ACCOUNT WITHIN 90 BUSINESS DAYS."

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