[Expired] [OH, In Branch only] Dollar Bank $300 Checking Bonus

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

Offer at a glance

• Maximum bonus amount: $300
• Availability: Only available to residents residing in Ohio
• Direct deposit required: Yes, $1,000+
• Additional requirements: Keep account open for one year
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $5, waivable
• Early account termination fee: None
• Household limit: One
• Expiration date: August 31st, 2019

The Offer

No direct link to offer, being offered in branch

• Dollar Bank is offering a $300 checking bonus.Bonus is broken down as follows:
  • Receive cumulative direct deposits of $1,000 or more within first 60 days of account opening to receive $200 Rebate on Mastercard debit card
  • $100 credit will be applied to account within two months of the 1 year anniversary, account must have qualified for $100 rebate and be in good standing

The Fine Print

• Offer is for new checking customers only.
• Up to $300 is available in one $200 rebate and one $100 credit. To receive the $200 debit card rebate, the account must receive cumulative direct deposits of $500 or more within 90 days of account opening, and the account must be in good standing. $100 debit card rebate will be added to the new checking account within 14 days of the qualifying cumulative direct deposits; the rebate will be credited for Dollar Bank Debit Mastercard purchases made via signature (not PIN).
• The $100 credit will be applied within 2 months of the 1-year anniversary of account opening providing the account qualified for the debit card rebate, is active, in good standing and is in a qualifying plan.
• Maximum amount is $200 per account and one per household.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Everything Checking Account $5 Monthly

The Everything checking account has a $5 monthly fee, it’s waived if either of the following conditions is met:

• Six transactions post to the account (ACH debits count, so you could pull money from this account to another bank)
• You have an average checking balance of $2,500 or more

No Overdraft Checking Account $5 Monthly

Can be reduced to $2 per month with a qualifying checking relationship

Referral Bonus

For every friend you refer you can earn a $25 bonus, person being referred also receives $25. According to this comment a similar offer was stackable.

Our Verdict

This is better than the $200 checking bonus normally offered. Downside to this one is that it needs to be opened in branch. I’ll be adding this to our best checking bonus.

Hat tip to reader Donald B

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