Offer at a glance
- Maximum bonus amount:
- Availability: Looks like you need to open in branch, locations are in Omaha, Lincoln (Nebrasaka) or Salina (Kansas)
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: Unknown
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Exchange Bank is offering a bonus of $100 when you open a new Platinum checking account and complete the following requirements:
- Receive a direct deposit (no minimum mentioned)
The Fine Print
- Must have a Direct Deposit (Payroll or Social Social Security)
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Can’t tell if this account has a monthly fee and the regular website doesn’t mention the platinum checking account
Early Account Termination Fee
Wasn’t able to find a fee schedule so unsure if an early account termination fee is charged or not
Our Verdict
We don’t really know enough about this bank/the bonus to pass judgement, the upside is that the account needs to be opened in branch anyway so you should be able to find out the answer to relevant questions (e.g hard/soft pull and if there is a monthly fee) before you open the account. If anybody goes for this bonus then please share your experiences in the comments below.
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
