Offer at a glance
- Maximum bonus amount: $300
- Availability: NY
- Direct deposit required: Yes, $500+
- Additional requirements: 12 debit card transactions
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: Unknown, unlikely due to in branch requirement
- Monthly fees: None
- Early account termination fee: $30, six months
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Lyons National Bank is offering a bonus of up to $300 when you open a new checking account with a direct deposit within 60 days of account opening
The Fine Print
- Receive $300 when you open a qualifying personal checking account with direct deposit of your paycheck from your employer, pension, or government benefits during the promotion period.
- New account must be opened in person at an LNB office location.
- Direct deposit must be established within 60 days from the account opening.
- Bonus will be credited to the checking account within 30 days after qualification is met as long as the account is in good standing.
- Those who have closed an LNB checking account within the past 12 months, or those who have an outstanding negative balance on a previously closed account are not eligible.
- This offer applies to retail checking accounts, see account disclosures for product details.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees to worry about.
Early Account Termination Fee
$30 early termination fee if less than 6 months. Have to go in branch to close.
Our Verdict
Previously there was a $500 bonus but that had to be opened in branch.
Hat tip to ShawntheShawn
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
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