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Offer at a glance
- Maximum bonus amount: $220
- Availability: NJ, In Branch only [Branch Locator]
- 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: None
- Household limit: None
- Expiration date: June 30th, 2020
Contents
The Offer
- 1st Colonial Community Bank is offering a bonus of $220 when you open a new checking account and complete the following requirements:
- Receive direct deposits totaling $500 or more within the first 90 days
The Fine Print
- No minimum balance is required. Bonus is available to new checking account customers only.
- Customers with a current 1st Colonial Community Bank checking account or who had a checking account with us in the last 12 months are ineligible.
- Limit of one account receiving a bonus per customer.
- Requires direct deposits totaling $500 or more within the first 90 days.
- Eligible direct deposits include automatic electronic deposits of the customer’s paycheck or a government or retirement benefit.
- Direct deposits do not include on-line or mobile banking deposits, electronic transfers from other accounts, payments from an internet payment provider, or a merchant advancing payroll using a debit card.
- The account must be open for at least 90 days and in good standing until payment of bonus which will occur 30 days thereafter.
- Bonus is considered interest and will be reported to the IRS on Form 1099-INT. Offer subject to change at any time.
Avoiding Fees
Monthly Fees
There is no monthly fee to worry about.
Early Account Termination Fee
I didn’t see any early account termination fee in the fee schedule
Our Verdict
Seems like a relatively easy bonus to meet the requirements for, you should be able to ask if it’s a hard or soft pull before opening the account as well.
Hat tip to reader Dawn W
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- A Beginners Guide To Bank Account Bonuses
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- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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- 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?
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