[Expired] [NJ & NY only] Investors Bank $300 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

Maximum bonus amount: $300
Availability: All branches are in NJ & NY
Direct deposit required: Yes, $500+ within a statement period in the first two statement periods
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Yes. Not sensitive
Credit card funding: None
Monthly fees: $10, avoidable
Early account termination fee: None, After 12 months of inactivity, a $5 monthly fee is charged.
Household limit: None
Expiration date: 10/31/2022

Contents

The Offer

Investors Bank is offering a $300 bonus when you open a new YourStyle® Checking or YourStyle® Plus Checking and complete the following requirements:
- Receive direct deposits of $500+ during a statement period within the first two statement periods

To Earn Bonus: To earn a $300 Checking bonus, open your first new YourStyle Checking account or YourStyle Plus checking account between 9/1/2022 and 10/31/2022 and receive direct deposit(s) of $500 or more during a statement period, within the first two (2) statement periods after your account is opened.
Direct Deposit is recurring income electronically deposited into your Investors checking account and may include salary, pension, and other regular income.
Qualifications: Offer is not available to any account owner with an existing personal checking deposit account or conversion of an existing checking deposit account to one of these eligible checking deposit products.
Offer is limited to one offer per customer; and is not available to current or active employees of Investors Bank.
Payment of the $300 Reward to your account will be made at the end of the statement period during which the eligibility requirement has been satisfied.
Payments will expire after the earlier of payment of the full $300 Reward, or 2 consecutive monthly account cycles from the date you opened your account.
The new account must be open at the time of bonus payment to qualify for this offer.
The bonus is considered interest and will be reported on IRS Form 1099-INT. Consult your Tax Advisor. Offer may be withdrawn at any time without notice.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

This has a $10 monthly fee, but it can be waived if you do any of the following:

Maintain a minimum monthly average balance of $1,000 or more; OR
have ACH direct deposit(s) totaling $500 or more per statement cycle; OR
have Mobile Check Deposit(s) totaling $500 or more deposited during your statement cycle; OR
have 10 or more Point-of-Sale (POS) transactions per statement cycle using your Investors Bank YourStyle Visa Debit Card linked to this account.

I was unable to find any fee schedule so I’m unsure if there is any early account termination fee or not.

Previous bonuses didn’t require direct deposits. Advantage to this bonus is it can be opened online and the YourStyle account is $300 instead of $250. Probably worth doing for a lot of people, so will add it to our best bank bonus page.

Hat tip to reader Dave R

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