Offer at a glance
- Maximum bonus amount:
- Availability: NC, VA In branch only
- Direct deposit required: Yes, $1,000+
- Additional requirements: $500 average balance
- Hard/soft pull: Unknown
- ChexSystems: Yes, sensitive
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $15, 90 days
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Carter Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements within 90 days of account opening:
- direct deposits totaling $1000
- maintaining an average daily balance of $500
The Fine Print
- Offer available for a limited time and only on new Lifetime Free, Lifetime Plus, and 50+ Interest Checking Accounts.
- Terms are subject to change without notice.
- Qualifying 90 days starts on the day the account is opened.
- Over these 90 days, qualification requirements include setting up and direct deposits totaling $1000; and maintaining an average daily balance of $500. All deposits and average daily balance must be in place by 8PM eastern standard time on the 90th day.
- The $300 cash incentive will be deposited into the same account within 30 days after the 90th day and only if all qualifications are met.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Lifetime free has no monthly fee to worry about.
Early Account Termination Fee
$15 if closed within 90 days according to this fee schedule, need to keep account open longer than that anyway.
Our Verdict
Need to know if this is a hard or soft pull, but you should be able to find that out before opening the account in branch.
Hat tip to reader Gadget
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
