Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:
- Availability: PA, MD
- Direct deposit required: Yes, no minimum
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $25, 180 days
- Household limit: None listed
- Expiration date: 12/31/25
Contents
The Offer
- F&M Trust is offering a $400 bonus when you open a new checking account. Bonus is broken down as follows:
- Open any YourWay Checking account with $200 and earn $200.
- Set up Direct Deposit to your new account and earn up to $200
The Fine Print
- Offer available for new checking customers only who open a YourWay Premier, YourWay Plus, or YourWay personal checking account online or in person between 10/6/2025 and 12/31/2025.
- Get $200 cash incentive with a minimum $200 opening deposit. First cash incentive of $200 awarded within 30 days of account opening through an account credit.
- If the account is closed prior to incentive being credited, incentive is forfeited. Get another $200 cash incentive for completing a qualifying direct deposit within 60 days of account opening.
- A qualifying direct deposit is defined as a reoccurring electronic deposit of payroll, pension, or social security.
- Second cash incentive of $200 will be awarded through an account credit within 60 days of satisfying direct deposit requirement.
- Cash incentives limited to $400 per account.
- Limit one qualifying account per account holder.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
YourWay checking has no monthly fees to worry about.
Early Account Termination Fee
$25 Early Termination Fee – if account closed before 180 days
Our Verdict
There is also a $250 business checking bonus. This bonus is worth doing and we will add it to our best bank bonus page.
Hat tip to ShawntheShawn
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
