Deal has ended, view more bank account bonuses by clicking here.
Update 10/12/22: Extended till 10/22/2022
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Nationwide
- Direct deposit required:Â Yes, $500+
- Additional requirements:Â None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Can fund up to $500 with a credit card
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date: Offer good until 10/13/2022
Contents
The Offer
- mph.bank is offering a $100 checking bonus when you open a new account and complete the following requirements:
- Set up a direct deposit totaling at least $500 per month within 60 days of account opening
The Fine Print
- Bonus paid 10 business days after, Direct Deposit(s): (i) totaling at least $500/month are set up; and (ii) are received within 60 days of account opening.
- Offer good until 10/13/2022.
- $25 minimum to open account.
- Additional Terms and Conditions may apply. All deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B. 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, but account can be closed if you don’t receive a direct deposit for 60 days.
Early Account Termination Fee
Unsure if there is any EATF.
Our Verdict
Annoying that you need to keep a direct deposit to keep the account open. Still worth doing for some people and we will add this to our list of the best checking bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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 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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
