Offer at a glance
- Maximum bonus amount: $200
- Availability: Doesn’t seem to be anyway to open online and all branches are in NC [Branch locator]
- Direct deposit required: Yes, no minimum specified
- Additional requirements: 50 transactions
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $20, avoidable
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Open a new Performance Checking 2.0 account with North State Bank and receive a bonus of $200 when you complete the following between 90 to 180 days following the account opening date:
- Have 20 or more debit card transactions within a statement cycle
- Have at least one direct deposit within a statement cycle
The Fine Print
- Bonus is paid after the following requirements are met during one of the statement cycles between 90 to 180 days of the account opening date: 1) 20 or more paid debit card transactions; 2) at least one direct deposit within a statement cycle.
- Bonus is not available for accounts that received a previous account opening bonus related to a personal checking account
- A converted account may be eligible if the current account was opened within the last six months.
- Only available to residents of NC.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
I wasn’t able to find a fee schedule, so I’m unsure if there is any early account termination fee or not.
Performance Checking 2.0 – $20 Monthly Fee
This is waived if you do either of the following:
- $2,500 minimum monthly balance in a North State Bank checking or savings account
- Combined balance of $10,000 or more in checking, savings, money market, CD or IRA at North State Bank
Our Verdict
Keep in mind the weird qualification requirements, you need to complete them within one statement cycle and it needs to be a statement cycle that is between 90 and 180 days of account opening (e.g doing it within the first 90 days will not work). There is also a business checking bonus for $450 worth considering. If anybody goes for this bonus then please share your experiences in the comments below.
Big thanks to reader, Yet Another Redditor who let us know. Learn how to find bonuses and contribute to the site here.
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
