Offer at a glance
- Maximum bonus amount: $100 to both parties
- Availability: In branch only. All branches are in OK [Branch locator]
- Direct deposit required: None
- Additional requirements: Bring in completed referral card
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- The First State Bank (TFSB) is offering a bonus of $100 to both the referrer and referee when a new customer is referred and they complete the following requirements:
- Bring completed referral card in when opening account
- Open new checking account
- Keep account in good standing for 60 days
The Fine Print
- Referred person must be a new customer to The First State Bank (TFSB).
- A new customer is defined as someone who has not been an owner or signer on any TFSB account within the past three months.
- Incentives will be deposited into referring customer and referred customer’s DDA accounts after the referred customer’s account has been open and in good standing for at least 60 days.
- Good standing means the account has no NSF charges within the 60-day period.
- In order for either party to receive the bonus, Refer-A-Friend must be mentioned at the time of account opening.
- You may receive a 1099 MISC. Offer may not be used in combination with any other offers.
- TFSB employees and members of their immediate households are not eligible to receive referral incentives.
- Program subject to change without notice. Other restrictions may apply.
- 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 totally free checking account with no monthly fees
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in the fee schedule.
Our Verdict
Assuming it’s a soft pull this seems like a pretty awesome deal. You get $100 just for opening the account and there are no bonus requirements (apart from keeping it in good standing) or monthly fees to worry about. Then you can refer friends and family members and get $100 each time one of them opens an account. Feel free to share your referral details in the comments below, also mention if it’s a hard or soft pull to open. I’ll add this to the best checking accounts when we know more.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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
