[OH, MI, IN and PA] Premier Bank $250 Checking Bonus

Update 10/9/21: Deal is back again. Hat tip to reader Gadget.

Update 5/6/21: Deal is back and valid through 6/30/21. Hat tip to Hoops

Offer at a glance

• Maximum bonus amount: $250
• Availability:OH, MI, IN and PA
• Direct deposit required: Yes, $100+
• Additional requirements: See below
• Hard/soft pull: Soft pull, make sure to opt out of overdraft protection
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: None
• Early account termination fee: 180 days, unsure on fee
• Household limit: One (not enforced)
• Expiration date: March 31, 2021 June 30, 2021

The Offer

Direct link to offer

• Premier Bank is offering a bonus of $250 when you a new checking account. Promo code is Smile (must use the proper capitalization). Bonus is broken down as follows:
  • Receive $50.00 for the completion of 10 debit card Point-of-Sale transactions ($10.00 minimum)
  • Receive $50.00 for the completion of a People Pay transaction ($10.00 minimum)
  • Receive $50.00 for the completion of a Mobile Deposit transaction ($10.00 minimum)
  • Receive $50.00 for the completion of a Bill Pay transaction ($10.00 minimum)
  • Receive $50.00 for the completion of Direct Deposits ($100 total minimum)

The Fine Print

• Your use of Premier Bank Mobile Banking services are governed by the Terms and Conditions document given during enrollment.
• Offer valid for new customers opening a checking account, does not include Access Banking account.
• Receive $50.00 for the completion of 10 debit card Point-of-Sale transactions ($10.00 minimum) within 45 days of account opening.
• Receive $50.00 for the completion of a people pay transaction ($10.00 minimum) in 45 days account of account opening.
• Receive $50.00 for the completion of a mobile deposit transaction ($10.00minimum) in 45 days account of account opening.
• Receive $50.00 for the completion of a bill pay transaction ($10.00minimum) in 45 days account of account opening.
• Receive $50.00 with a minimum direct deposits equaling $100 for the first 45 days of account opening.
• Incentives will be deposited into your new checking account 90 days after account opening and after the completion of the corresponding requirements.
• Offer not available to existing Premier Bank checking account customers, those with a Premier Bank checking account closed within the past twelve (12) months, and employees of Premier Financial Corp. and their immediate family members living in the same household.
• May not be combined with any other offer, and only one offer valid per person per calendar year.
• Subject to change without notification.
• One offer per household.
• Minimum $50.00 deposit to open.
• Offer valid from 2/01/21 – 3/31/21.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Simple checking account has no monthly fees to worry about.

Early Account Termination Fee

A fee is charged if account is closed within 180 days.

Our Verdict

This is a different bank to the Premier Bank in Iowa. A lot of requirements for the full bonus, if anybody goes this bonus then share your experiences in the comments below.

Hat tip to reader Scott S

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
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• 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?
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