Posted by William Charles on August 13, 2019
Bank Account Bonuses

Published on August 13th, 2019 | by William Charles

48

[Expired] [NY only] Republic Bank $100 Bonus – No Requirements For Bonus (TD Bank Debit Card Or Dog Required Though)

Update 8/13/19: Promotion is being pulled today.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Offer only valid for accounts opened in the state of New York.
  • Direct deposit required: None
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: None listed

The Offer

No direct link, being advertised in branch

  • Republic Bank is offering a bonus of $100 when you open a new checking account. To be eligible you either need to bring in a TD bank debit card or your dog (lol?). To be eligible for the bonus you need to meet the following requirements:
    • Have a minimum opening deposit of $250

The Fine Print

  • Bonus will be directly deposited into your account within 30 days of account opening
  • Limit 1 per customer
  • 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

Early Account Termination Fee

I wasn’t able to find a fee schedule, so I’m unsure if there is any early account termination fee or not.

Our Verdict

Requirements for opening are weird, but there are no requirements for the bonus so that’s a nice plus. Because it’s a soft pull we will be adding this to our list of the best bank account bonuses.

Hat tip to reader Firefly and Natalie K

Useful posts regarding bank bonuses:



48
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
SeanK
SeanK

Very interesting requirement for sure. Firefly mentioned in the best bank bonuses page that the bonus posted the following morning so it seems like a great bonus to do if you are in NY, as long as it’s not a hard pull.

Ricky
Ricky

I see you already have a dog.
I am not in NY and don’t have a dog so I am out of luck.

Firefly
Firefly

Not a hard pull.

Brian Tessler
Brian Tessler

Looks like only 1 location in nyc…

bax
bax

Which one? Never mind, found it: 14th St & 5th Ave

Brian
Brian

Let us know about that one – will probably head there this week…

Firefly
Firefly

Yes, the branch opened in July. Otherwise, their only branches are in Pennsylvania and South NJ.

Gerald
Gerald

I’m waiting for some enterprising person to stand outside the bank offering a dog for rent.

Creditian
Creditian

It means TD=dog.
That’s the way to trash somebody in some areas or countries.
When a sign says xxx or dog, it exactly says xxx=dog.
Not sure what happened between Republic and TD, but definitely personal.

Sa
Sa

Thanks for the explaining. Now I want to read more on their beef.

Jack - NJ
Jack - NJ
SeanK
SeanK

Huh, interesting. I took it as they wanted to approach people with a dog/pet friendly bank image.

Firefly
Firefly

TD Bank offers dog treats. I assumed Republic Bank is trying to compete with them. They also beat them on the longest hours.

ay
ay

Vernon Hill, the chairman of Republic and founder of Commerce bank (which was bought by TD), is a huge pet lover having even started a pet insurance company. He’s been well known for this in the region.

The dog = TD is completely wrong, but it was definitely a jab at TD.

Theorem Ox
Theorem Ox

Not surprised at this jab at all. I thought it was rather amusing that they occupied the very same location (which ironically was a former Commerce Bank location) that TD recently vacated in favor of a storefront next door.

TD bought Commerce Bancorp in 2007 shortly after the founder of Commerce resigned (he was embroiled in a business scandal, which basically earned him the ire of regulators and some of the bank’s board of directors).

Many of the executives behind Republic Bank are the same people behind Commerce Bancorp. The corporate colors, branch designs, account offerings, etc. are pretty much nods to Commerce.

bax
bax

Can non-NY resident passing through apply in branch?

ssss
ssss

I bank with the First Republic, and the bank is terrific. Worldwide ATM fees are free if I maintain $3,500. The interest rate is low, but it is a private banking service, unlike any other brick and mortar bank without high minimums.

L678_32
L678_32

Over a decade ago Republic Bank had no minimum requirement at all to get ATM rebates. Made it worth thet rip into NYC for me! Then they estblashed a minimum like all the rest. Great if you’v got extra cash laying around, which I didn’t at the time. What a rip.

Firefly
Firefly

No ATM fees. The banker said so and it’s listed in the personal banking pamphlet.

Firefly
Firefly

No ATM fees, regardless of balance. Foreign ATM fees are reimbursed. But there is a footnote about potential international ATM fees. Maybe NYC branch has its own rules.

Gerald
Gerald

First Republic is a different bank. This is just Republic.

Flea
Flea

Well, this is one major reason not to shred the old debit cards, lol!

Anduhsun
Anduhsun

Punching the air bc I shredded after I got the $300 churn from TD

Brian
Brian

So true!

Firefly
Firefly

You also get a safe deposit box free for 1 year.

Jack - NJ
Jack - NJ

Same as TD

Firefly
Firefly

Good to know. Any other banks offering free safe deposit boxes? My mom’s paying for it at hsbc. And she signed up for their checking without a bonus. Darn

Gerald
Gerald

The New York Times ran an article recently that exposed safe deposit boxes as not being safe.

J
J

So TD also offers safe deposit box free for first year? All branches do this?

Planning on signing up for a checking account and getting a safe deposit box. So if it’s free for the first year at TD, that’s great!

Tommy
Tommy

I think they offering 1st year free but very few branches still have safe deposit boxes these days.

Doggo
Doggo

Chuck William Charles
DP – went in just now with an old TD debit card and they did not allow people with out of state mailing addresses (CT) from opening up the account. I called ahead and customer service told me out of state DL would be fine though, so it might be YMMV.

IS250
IS250

I wonder if that means out of state where they have no branches or out of state completely.

They have NJ branches so wondering if NJ residents can apply in this NY branch for the bonus.

Doggo
Doggo

I asked if I could use my PA address (I have an old address there with forwarding) since they have branches in PA and they said has to be NY mailing address.

Firefly
Firefly

Did you tell them you work in the city?

J
J

Opened the free checking on 8/11 (Sunday) using old TD debit card with $250 cash deposit at time of opening. Two days has passed (now Tuesday as of this post) and still have not received the $100 bonus. Not as fast as the OP seems to have experienced with their bonus posting the next day. Did something change?

Any other DPs on when the bonus is received?

J
J

Update on my case: bonus wasn’t seen this morning but can be seen this afternoon!
Recap: applied 8/11, bonus received 8/13.

K
K

Do they take your debit card or do you just have to show it? I lost my old TD card and had to get a new one on Saturday so it will be annoying if I have to get another TD card again.

V
V

Just opened account with promo at Manhattan location. I was told that today is the last day for this promo at this branch due to high demand and they were removing the branch advertising while I was there. Possible though other branches are continuing the promo.

Firefly
Firefly

I think it’s only at the NYC branch due to them opening it a few weeks ago. They’ll probably bring back the bonus, if the branch turns into a ghost town again.

Munchy
Munchy

Anyone have a dog I could borrow?

Ethan
Ethan

Found out the promo was ending today, so I went into the Manhattan branch and opened an account. By the time I arrived, the promo advertising materials were nowhere to be seen. But I confirmed the promo was still in effect and showed my TD Bank debit card.

What’s interesting is that the banker who set up much account told me that I’d receive the $100 bonus for the promo PLUS $75 for simply opening a new account (a standard bonus offer?), for a total of $175. I’d like to say “Funding secured,” but I guess we’ll see!

Ethan
Ethan

who set up my account*

Firefly
Firefly

That’s great! I only got the $100 bonus. Maybe they’ll make that $75 bonus standard, given that the $100 bonus is ending.

Ethan
Ethan

Update: I’ve got the $175!

Grand Funk
Grand Funk

Can I borrow a dog?

Back to Top ↑