This offer has expired, click here for the best new checking bonuses.
Reposting because the bonus is working again (disappeared for awhile there).
There are actually four banks offering this bonus, all of them are divisions of BOKF. The offers are:
- Bank of Albuquerque
- Bank of Oklahoma
- Bank of Texas
- Colorado State Bank and Trust
Only Bank of Texas has the coupon code on their site. But this can be used at all of the above banks branches.
Offer at a glance
- Maximum bonus amount: $150
- Availability: In branch only. Location tracker:
- Direct deposit required: Optional
- Additional requirements: Direct deposit or 10 debit card transactions of $10+
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5.95, avoidable
- Early account termination fee: Unknown
- Household limit: One
- Expiration date: December 30th, 2017
The Offer
- Open a new checking account and receive a bonus of $150 when you complete the following requirements:
- Print the coupon or show it on your mobile device
- Complete one of the following within 60 days of opening:
- Active a direct deposit of at least $250
- Make 10 debit card purchases ($10 minimum per purchase)
The Fine Print
- $150 offer is valid for personal checking accounts opened at a banking center on 5/1/17 through 12/30/17. Offer is not available for account opened online, on account conversions, is not applicable to Student or Employee Checking accounts, and is limited to households that do not currently maintain a personal checking account.
- Accounts are subject to our standard eligibility and documentation requirements.
- $50 minimum opening deposit balance required.
- Bonus will not be considered part of the minimum opening deposit. Bonus cash is considered interest and is reportable on IRS Form 1099-INT.
- Limit one (1) per household.
- The $150 will be deposited ten (10) days after the conditions noted below have been met, if the account is open, active and in good standing.
- Requirements: Checking account must remain open for a minimum of six (6) months or the $150 will be debited from account during closing transaction. One of the following must be completed within sixty (60) days of account opening date: a. Set up a $250 recurring direct deposit such as Social Security, Pension or Payroll. Each recurring direct deposit must be a minimum of $250. b. Complete 10 eligible Debit Card transactions of at least $10.00 per transaction. ATM transactions are not eligible.
- We reserve the right to disqualify Debit Card transactions in circumstances where we reasonably believe they were not made in good faith.Banker Instructions: To process offer, select Notice Code “Online Checking Bonus” Notice Code in TPSS. Once qualifying conditions have been met, bonus will automatically be credited to the new checking account within ten (10) business days. Does not apply to Student or Employee Checking accounts.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Access checking seems to be the easiest account to waive the monthly fee on. It has a $5.95 monthly fee and this is waived with eStatements and by using self service channels. I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee charged or not.
Our Verdict
Good bonus if you live in the area as it looks to be a soft pull and direct deposit isn’t a requirement. Also isn’t difficult to keep the account fee free. I will be adding this to our best checking promotions page, click here to view that.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
Just pulled up the schedule of fees – $10 for accounts closed within 1 year of opening. Seems pretty minimal.
DD and bonus timing DP (Bank of Texas):
$150 bonus posted exactly one week after a $300 ACH push from my Schwab brokerage account posted.
Edit: I opened this account via mentioning this offer over the phone.
Opened over the phone in Colorado. CSR rep was super nice, made me read the coupon to her so she knew how to enter the promotion. She wouldn’t let me fund over the phone no matter how much I pleaded. She said if I didn’t have $50 in the account within 48 hours, the account would be closed. I ACH’d $50 from Ally which arrived the next day.
She also helped me set up online banking and said she turned off paper statements, but when I logged in later, paper statements were still showing. Glad I double-checked.
Will DD $250 from work and see how it goes.
DD on 1/5, $150 bonus applied on 1/17
Opened over the phone, very easy, very pleasant. $50 CC funding limit. CIP – have my CA limit set, so shouldn’t be an issue there.
CSR also stated the bonus may be retracted if the account is closed within 6 months.
Went with Access checking – as noted, self-serve and no fee with eStatements. Fees incurred if you have to go into the branch.
Thanks, DoC!
did 1 ach push of $300 from cap1 a month ago, but still no bonus
did an actual DD of $275 in early Jan but still no bonus; sent a sm yday and a $150 bonus is issued today; mine was opened in mid Nov.
Does anyone have info about the fine print that says “recurring direct deposit of at least $250”
So it can’t be cancelled after the first dd? It has to be recurring? I’m confused….
I’m wondering about this, as well. As a business owner I’ve setup many direct deposits but I haven’t a clue how they know if it’s recurring or not. Just one direct deposit of $250+ will satisfy this?
opened over phone, took 15 min. first rep said there was problem with system so i couldn’t fund over phone. would have to drive >100 miles to branch to fund and get debit card and sign signature sheet. she did give me my account number though! so.. i called back and had 2nd rep order me a debit card (as this is necessary for online banking) takeaway is: no absolute minimum to open over phone (in Texas).
thanks to Thom above for the help & DPs. he encouraged me to get this opened up.
my DP is similar:
– 11/22 successfully able to open up BofTX Access Checking acct over the phone
– funded $50 via BofA TR CC, expect it to post by Fri or Mon at the latest per Thom’s DP
– expect to get debit card by Tue next wk so that I can setup my online access & DDs
some CSRs are clueless. first one was too thickheaded to even enter my address in properly. HUCA, 2nd one was alright. but they’re used to basic folks opening up accts w/debit cards etc. lol rep was like $50 is the min & the max for funding over the phone lol which makes no sense… I told him he was wrong 😛 but he didnt budge & didnt try a diff amount. tho he was willing to try a CC (initially he said ACH or debit only)
also thanks Minh & Tom for the additional DPs that made me finally apply!
Did it code as purchase or cash advance? Is 50$ the max you can fund with cc?
Sorry You said they didn’t tell you the max.
coded as purchase fwiw.
Additional DP: Yes, BOKF pulls a Chex inquiry. (I got my Chex report).
They don’t seem to be Chex sensitive, though. This was my 8th or 9th new bank account this year.
Does Chexsystem show all the bank accounts you have even banks who don’t pull chexsystem inquiry?
The fine print say it must be opened in the branch – you are able to open over the phone and still receive the bonus?
where does the fine print say must be open in branch? the coupon shows the following instead:
Let’s talk! Call ExpressBank at (800) 346-5312 and reference this offer, or find your nearest banking center to open your new account!
Yes, I also have same question!
Hope this can be opened over phone, correct?
Let’s talk! Call ExpressBank at (800) 346-5312 and reference this offer, OR find your nearest banking center to open your new account!