Update 3/1/25: There is now a $100 checking & $100 savings bonus. Hat tip to reader Avi
Update 7/6/24: Deal is back and valid until 11/22/2024. Hat tip to Smurfit
Update 7/8/23: Deal is back and this time it’s a $100 savings bonus. Back until 09/29/2023
Offer at a glance
- Maximum bonus amount: $250
- Availability:KS, MO, NE, IA
- Direct deposit required: Yes, $2,500+
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
Up to $500 across checking & savings - Monthly fees: None
- Early account termination fee: $25, 180 days
- Household limit: None listed
- Expiration date:
September 30th, 2020December 31, 2020
Contents
The Offer
- Union Bank & Trust is offering a bonus of up to $200. Earn a bonus of $100 when you open a new Simply Free Plus, Simply Free Platinum, or Premium Interest Advantage and make $2,500 in direct deposits within 60 days and enroll in online statements. Earn a $100 bonus when you open a new Union Savings account and maintain a $2,500 balance for 90 calendar days from account opening
The Fine Print
- Checking offer not valid for primary accountholder on existing UBT personal checking account(s).
- Savings offer not valid for primary accountholder on existing Union Savings or MyStyle Savings account(s).
- Offer not valid if existing checking or savings accounts closed 120 days prior to 06/01/2020.
- Receive $50 when you open a Simply Free Checking account and have $500 in electronic direct deposits posted within 90 calendar days of account opening.
- Receive $150 when you open an interest-earning checking account (Bonus, Journey, Premier, or Premium Interest Advantage) and have $2,500 in electronic direct deposits posted within 90 calendar days of account opening.
- Receive $50 when you open a Union Savings account and maintain a $2,500 balance for 90 calendar days from account opening.
- Bonus is credited to your active account within 100 days of account opening if you meet requirements.
- $50 opening deposit required on Checking accounts (Bonus Checking requires $1,000 opening deposit).
- Union Savings requires $2,500 opening deposit in new money.
- Promotion offers limited to one new checking account and one new savings account per person and cannot be combined with other offers.
- Journey Checking accounts are designed for people age 50 and over.
- Premier Checking limited to Private Banking clients.
- Premium Interest Advantage is limited to residents of Douglas, Sarpy, and Washington counties in Nebraska.
- Promotions available 06/01/2020 to 09/30/2020.
Avoiding Fees
Monthly Fees
Bonus checking and savings account has no monthly fees to worry about.
Early Account Termination Fee
According to the fee schedule you’ll be charged an early account termination fee of $25 if the account is closed within 180 days of opening.
Our Verdict
Checking bonus isn’t new, but the $50 savings bonus is. Relatively easy to meet the requirements for this bonus so it’s worth doing. Will add this to our best account bank 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
Post history:
- Update 8/26/22: Deal is back and valid until 9/30/22. Now available in KS, MO, NE, IA
- Update 10/11/20: Extended until December 31, 2020.
Offer is expired. Link says page not found. Please update.
“Receive $100 when you open a Simply Savings account and complete the following within 90 days of account opening: (1) maintain a $2,000 balance; and (2) enroll in paperless statements via online or mobile banking.”
Does this mean a minimum daily balance? Average daily balance?
It’s not clear so if it was me, I would assume that you need to initially fund the Savings account with $2K+ and then keep that amount for the entire 90 days to earn the $100.
Applied from Illinois, the application went smoothly and was immediately approved.
.36 simply savings int rate. Not inspiring.
It seems $1000 opening deposit only required fro Simple Free Plus. Simply Free you can open with any amount if I am not wrong based on T&C.
I had an account with them before. Gotta be years. Fine print says not eligible. Nothing about a time frame (1 or 2 years) for getting a bonus.
I think you’d be eligible as long as you meet this requirement.
“Offer not valid if existing checking or savings accounts closed within the last 120 days”
I don’t see any lifetime language, (unless I missed it.) I closed my accounts in Jan 24 and plan on doing this one again.
I have churned this account 3x in the last 2 years
Checking terms now state $2000 in DD instead of $2500. Savings now state $2000 balance instead of $2500.
“Receive $100 when you open a Simply Free, Simply Free Plus, Simply Free Platinum, or University checking account and complete the following within 90 calendar days of account opening: (1) have $2,000 in electronic direct deposits posted; and (2) enroll in paperless statements via online or mobile banking. Receive $100 when you open a Simply Savings account and complete the following within 90 days of account opening: (1) maintain a $2,000 balance; and (2) enroll in paperless statements via online or mobile banking.”
P1 received $250 ($100 + $150) today on day 90
P2 received $250 ($100 + $150) on day 90
New link: https://info.ubt.com/online-only-offer
You have “Maximum bonus amount: $200″ in the post but it’s actually a maximum of $250 if someone does both offers.
Fixed