Offer at a glance
- Maximum bonus amount: $100
- Availability: Missouri
- Direct deposit required: Yes, $500+
- Additional requirements: 12 debit cards, eStatements, receive an ACH/direct deposit of $500+
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
The Offer
- Sterling Bank is offering a $100 bonus when you open a new checking account and complete the following requirements:
- Use debit card 12 times
- Enroll in eStatements
- Receive an ACH/Direct Deposit(s) of $500 or more in the first 45 days of the account being opened
The Fine Print
- You can earn a $100 reward when the following three items are met within the first 45 days of Account Opening: $500 or more is credited via ACH/Direct Deposit(s) to your personal checking Account, AND with your initial enrollment in eStatements online for any personal checking Account AND when you have 12 or more debit card transactions posted to your personal checking Account.
- The $100 reward will be credited to your personal checking Account the next business day following the 46th day of Account Opening.
- The reward is available for a limited time. Bank rules and regulations apply.
- 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 unsure if there is any EATF.
Our Verdict
Seems like any ACH transfer should work so relatively easy bonus. If you decide to do it then share your experiences in the comments below.
Hat tip to reader JM8523
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?
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