Deal has ended, view more bank account bonuses by clicking here.
Update 7/4/22: Extended until 12/31/2022.
Update: No longer possible to do both this and Central.
This is the same bonus as Central Bank, but according to this comment you can do both. Terms say Offer may only be redeemed by the intended recipient and are nontransferable, but the promo code is public.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â All locations are in MO, but should be available in OK, IL, KS as well
- Direct deposit required:Â Yes, two direct deposits
- Additional requirements:Â See below
- Hard/soft pull:Â Soft
- ChexSystems:Â Unknown
- Credit card funding:Â Can fund up to $1,000 with a credit card. Mastercard & Visa are accepted
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â One
- Expiration date:Â June 30, 2022
Contents
The Offer
- Jefferson Bank is offering a bonus of $300. Requirements are as follows:
- Use promo code Easy300
- Deposit $50 or more at account opening
- Have at least two qualifying direct deposits within the first 90 days of account opening
The Fine Print
- To receive the $300 checking bonus open a new eligible personal checking account. Eligible accounts include MyChoice Checking, MaxMoney Checking, Free Checking, Preferred Interest Checking, and World Checking. Deposit $50 or more at account opening; and have at least two or more direct deposits within 90 days of account opening.
- No minimum balance required for Bonus.
- Qualifying types of Direct Deposits include Payroll, Pension or Government Benefit. Bonus is reported to the IRS as interest.
- Bonus will be deposited into the checking account within 15 business days after account 1) meets all requirements AND 2) has been open for 90 days.
- Available to new checking account customers only.
- The new checking account must be open and in good standing up to and including the date any earned bonus is paid in order to receive the bonus.
- Customer must bring in mailer or use offer code to receive incentive.
- Offer may only be redeemed by the intended recipient and are nontransferable.
- Eligibility for this offer will be verified prior to providing the bonus.
- One offer per household.
- We reserve the right to not open accounts for customers outside our market area.
- Please contact us for further details. Promotion ends 6/30/2022.
- 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 to worry about.
Early Account Termination Fee
Wasn’t able to find a fee schedule so unsure if there is any EATF, but given there is no monthly fee might as well keep the account open.
Our Verdict
Great deal if you can do this and Central Bank. Requirements are easy to meet making this bonus worth doing.
Hat tip to 2 Good 2B
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times
