Offer at a glance
- Maximum bonus amount: $150
- Availability: PA: Lehigh and Northampton
- Direct deposit required: Yes, no minimum
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None
Contents
The Offer
- Embassy Bank is offering a $150 bonus when you open a new checking account and complete the following requirements:
- Use promo code FREECASH
- Open a new Free Checking for Life account either online or in-person, with a minimum opening deposit of at least $500 and get a $100 bonus
- Complete the requirements for the $100 bonus and make recurring direct deposits totaling $2,000 or more within 90 days
The Fine Print
- To qualify for a $100 bonus, open a new Free Checking for Life account either online or in-person, with a minimum opening deposit of at least $500.
- To qualify for a $150 bonus, satisfy the requirements for the $100 bonus and make a recurring direct deposit (s) totaling $2,000 or more within 90 days of account opening.
- A qualifying recurring direct deposit is an automated clearing house (ACH) credit for payroll, pension, or government payments, such as Social Security.
- Accounts must be open and funded within 90 days of account opening.
- Eligible customers who meet the requirements of both offers will receive the higher bonus amount, not both, which will be posted to the account after the 90-day qualifying period has concluded
- . Offer is not valid to individuals with an existing Embassy Bank checking account, or those who have previously received a new account bonus as a part of this or a previous promotion.
- Use Promo Code FREECASH for opening an account online.
- Limited time offer.
- Limit of one bonus per household.
- Bonus may be subject to 1099 reporting.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF or not.
Our Verdict
Very good that you can get $100 of the bonus without a direct deposit. If anybody signs up share if it’s a hard or soft pull in the comments below.
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
