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Offer at a glance
- Maximum bonus amount: $213
- Availability: Offer available only to U.S. residents with a Durham, NC. mailing address
- Direct deposit required: Yes, $500+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: 180 days, bonus forfeit
- Household limit:
- Expiration date: March 31st, 2020
Contents
The Offer
- M&F Bank is offering a bonus of $213 when you open a new Dash checking account with promo code PARRISH and complete the following requirements
- Complete at least $500 in direct deposits per statement cycle for three consecutive cycles
The Fine Print
- Earn $213 when you open a new M&F Bank Dash Checking account and take advantage of a higher rate of interest*.
- Then, within the first three full months after opening the account, complete at least $500 in Direct Deposits**, per statement cycle***, for three consecutive cycles.
- Offer valid for new personal M&F Bank Dash Checking accounts opened with an M&F Bank representative at 116 W. Parrish St., Durham, NC 27701 or online via mfbonline.com from February 27, 2020 through March 31, 2020. You will be required to enter a promotional code to open the account. Other M&F Bank deposit products are not eligible for this promotion. Dash Checking accounts linked to another personal checking account are not eligible to participate in the offer.
- You must be a new M&F Bank personal checking account client. Clients with an existing personal checking account with M&F Bank (either as the primary or joint account holder) are not eligible. You must not have closed a personal checking account within 180 days of the promotion start date (on or after August 31, 2019). The primary account holder of the participating checking account must be 18 years old or older at the time of account opening. M&F Bank employee- designated accounts (either as the primary or joint account holder) are not eligible for this promotion. Offer available only to U.S. residents with a Durham, NC. mailing address and a valid U.S. taxpayer identification number. The qualifying checking account must have a mailing address in Durham, NC.
- The reward will be credited to the new checking account up to 8 weeks after the Direct Deposit and Dash Checking qualification requirements have been verified. “M&F Bank Dash Checking $213 Reward” will appear on the monthly checking account statement when the reward is credited to the account holder’s checking account. If the M&F Bank Dash Checking account opened in response to a Promotional Offer is converted to another account type or product, it may no longer be eligible to receive the M&F Bank Dash Checking $213 Reward promotional offer. M&F Bank will report the value of any reward received through any offer to the Internal Revenue Service as required by law. Any applicable taxes are the responsibility of the recipient. For any tax related questions, you should consult your tax advisor.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
As far as I can see the Dash checking account has no monthly fee to worry about.
Early Account Termination Fee
Account needs to be kept open for 180 days otherwise the bonus is forfeit.
Our Verdict
Location restrictive and we don’t really know anything about this bank. If you decide to go for this bonus then please share your experiences in the comments below.
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