Deal has ended, view more bank account bonuses by clicking here.
Update 1/31/26: Deal is back until February 27, 2026
Offer at a glance
- Maximum bonus amount: $250
- Availability: NY
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $10
- Household limit: None listed
- Expiration date: October 31, 2025
Contents
The Offer
- Arrow Bank is offering a $250 bonus when you open a new checking account and complete the following requirements
- Use promo code AB2025
- Make a single deposit of $1,000 into the new account
- make ten (10) qualifying debit card transactions within 60 days of account opening
The Fine Print
- Offer is available at any Arrow Bank office.
- New personal checking customers only.
- Existing checking customers and business checking accounts not eligible.
- One offer per person
- Offer expires on 10/31/25
- . Qualifying account types include Classic Checking, Elite Checking, Free Checking, Interest Checking and Premium Interest Checking.
- The minimum deposit to open a personal checking account is $5.
- To qualify for the $250 bonus, you must make a single deposit of $1,000 into the new account and make ten (10) qualifying debit card transactions within 60 days of account opening (ATM withdrawals, ATM deposits and debit card refunds do not qualify).
- Please allow an additional 60 days after expiration of the qualification period and upon completing requirements to receive the $250 deposit in your new Arrow Bank checking account (account must be open with a positive balance).
- The $250 deposit will be reported as interest income to the IRS in the form of a 1099-INT.
- This limited-time offer is subject to change or cancellation without notice at the bank’s discretion and cannot be combined with any other offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking has no monthly fees to worry about.
Early Account Termination Fee
There is a $10 fee if account is closed early, doesn’t say what early is according to the fee schedule.
Our Verdict
Always nice to see a bonus that doesn’t require a direct deposit. Share if it’s a hard or soft pull 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
