[PA only] Mars Bank $200 Checking Bonus

Offer at a glance

• Maximum bonus amount:
• Availability: Seems to be in branch only, all branches are in PA [Branch locator]
• Direct deposit required: Yes, $800+
• Additional requirements: Three bill payments or debit card transactions
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: Unknown
• Early account termination fee: $20, 90 days
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Mars Bank is offering a $200 checking bonus when you complete the following requirements:
  • Receive a qualifying monthly $800 minimum direct deposit within the first 60 days of account opening
  • Makes at least three bill payments or three debit card transactions within the first 60 days of account opening

The Fine Print

• A qualifying account is a Basic, Regular or Interest Bearing Checking account opened by an individual who is not currently a Mars Bank checking or savings account customer.
• The $200 bonus is paid to a new customer who opens an account with a minimum balance of $25, a qualifying monthly $800 minimum direct deposit is established within 60 days and makes at least three online bill payments initiated or three debit card purchases during the 60 day period from opening the account.
• The bonus will be paid out within thirty days of meeting these requirements.
• Mars Bank first checking account is not included in the promotion.
• The bonus is subject to IRS 1099 reporting in the tax year in which it is received.
• Offer is valid as of publication date and may be modified or discontinued at any time.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

I wasn’t able to find the fee schedule so I don’t know what if any early account termination fee is, according to this comment it’s $20 if closed within 90 days. I also wasn’t able to work out if there was a monthly fee or not for their accounts.

Our Verdict

Way too many unknowns with this bonus for me to really pass judgement. I’d say if you live in the area it’s worth trying to find out more, just remember to report back your findings in the comments below.

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