Posted by William Charles on August 19, 2019
Bank Account Bonuses

Published on August 19th, 2019 | by William Charles

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[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

Useful posts regarding bank bonuses:



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Dan - Legal Bank Robber
Dan - Legal Bank Robber

“New checking customers only” lame

Gadget 🕵️

S.O. still has an account.. they are finally going to update their online banking sometime soon. Probably going from 1950’s to 1990’s interface.

William Charles There is a mistake in the Fine Print about the debit card rebate – Says $200, then says $100 later on. Actually, now I see there is another reference to $100 in The Offer section too.

Referral cash is YMMV. I referred S.O. I got the referral – she got nothing. Had her contact the bank after a couple months and they said offers do not stack.

Gadget

If anyone wants to give the referral a try to stack, here is a current link, good until Feb 2020. Waiting on the final bonus payout in month 13 on this account.

You will have to enter your info, submit, then print the coupon to take into the branch. https://tinyurl.com/y4c9289d Good luck!

Mali
Mali

Wish I have stayed in OH for longer time! Opened wesbanco, BB&T and huntington in branch as out of state resident last week.

Sarah D
Sarah D

I thought wesbanco was in branch only?

Mali
Mali

Yes. I was there for the tennis tournament and there is a branch close to where I stayed in Mason. The bankers are nice.

Kyle
Kyle

Ha, I was just in Mason 2 days ago (live not far from there). Wesbanco is a bit chex sensitive. Did they question you at all? Dollar Bank only has locations around Cleveland. That really sucks.

CK9
CK9

Anyone has the pdf of the promotion? I called one branch and they said I need the flyer for sign-up (I did not get/have a flyer)

Don B
Don B

How do you want me to send you the PDF?

mark
mark

I got the same reply by calling a branch. There is no way I can get a flyer for that. Sounds to me this is targeted.

Ted
Ted

Went in to branch today. She said I needed flyer and it’s very specifically targeted.
Not that it matters now but I wouldn’t put this in Best Bonuses.

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