[Expired] [Northeastern PA only] Fidelity Bank $200 Checking

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

Update 7/30/19: Bonus has been increased to $400, but requirements have also been increased.

Update 2/10/19: Bonus has been increased to $200 for checking. Hat tip to reader YAR

Update 11/3/18: Bonus was previously $100 checking & $100 savings, now it’s $150 checking for 2018.

Offer at a glance

• Maximum bonus amount: $400
• Availability:  Northeastern PA only
• Direct deposit required: Yes or recurring credit, must total $400+
• Additional requirements: EZ Statements & 5 point of sale transactions
• Hard/soft pull: Soft
• ChexSystems: Yes
• Credit card funding: Up to $500, all credit card payment networks are accepted (e.g Visa, Mastercard, American Express & Discover)
• Monthly fees: $2-$7, waivable
• Early account termination fee: 180 days, unknown
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Fidelity Bank is offering a bonus of $400 when opening a checking account and $100 for opening a savings account. Broken down as follows:
  • $150 for opening checking account and completing the following requirements within 60 days of account opening :
    • Receive direct deposits totaling $400
    • Enroll in Web Bill Pay and complete two bill pays within the same calendar month
    • Enroll in EZ Statements
    • Complete five point of sale transactions with your debit card
  • $50 bonus when you make three mobile deposits within 60 days of account opening (no minimum amount listed)
  • $100 for opening a savings account within 30 days of opening new checking account and deposit $10,000 of money not currently on deposit with Fidelity Bank. Bonus forfeit if deposit is not kept for 60 calendar days.

 

 

The Fine Print

• Offer valid for new personal checking account customers only. A $100.00 deposit will be made into your Fidelity Bank checking account when a direct deposit or recurring credits totaling $400.00 are received, when Web Bill Pay enrollment is completed and at least two (2) bills have been paid within the same calendar month from the same new checking account, when enrollment in EZ Statements is completed, and when a Fidelity Bank Visa® Check Card is activated and five (5) point-of-sale transactions are processed.
• All requirements must be satisfied within sixty (60) calendar days of account opening; deposit will be made on the first (1st) business day after sixty (60) calendar days from account opening.
• Minimum deposit to open a checking account may range between $25.00 and $100.00, minimum balance requirements and monthly service charges depend on which checking account is chosen.
•  The offer cannot be combined with any other offer.
• Limit of one checking bonus per customer.
• Offer valid within thirty (30) calendar days of opening a new personal checking account. If customer opens a savings account and deposits $10,000.00 of money not currently on deposit with Fidelity Bank, a $100.00 deposit will be made on the first (1st) business day after sixty (60) calendar days from checking account opening. Bonus will be forfeited if savings deposit of $10,000.00 is withdrawn anytime within sixty (60) calendar days from account opening.
• Deposit of savings bonus will be made into the checking account on the first (1st) business day after sixty (60) calendar days from account opening if all requirements are met.
• Bonus will be reported on IRS Form 1099-Misc. Offer and rate is valid beginning June 5, 2017 and may be rescinded or changed at any time.
• Customers may only receive one new checking account and savings account opening-related bonus per calendar year.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Reliance Checking $7 Monthly Fee

This account is the easiest to keep fee free, the $7 monthly charged is waived if you do any of the following:

• $1500 average daily balance OR
• $400 aggregated monthly direct deposit
• or ten (10) signature based Fidelity Visa® Check Card transactions

Statement Savings $2 Monthly Fee

This is waived if you have a balance over $100

Early Account Termination Fee

There is a fee if closed within 180 days, but I’m unsure what this fee is.

Our Verdict

In the past they have offered bonuses of $200 for checking & $100 for savings. Obviously this bonus is significantly worse due to only being $150 for checking. It’s probably still worth doing as it seems like they offer one personal bonus every year and the bonuses can be churned. Because of this I’ll be adding it to our list of the best bank account bonuses.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

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