Deal has ended, view more bank account bonuses by clicking here.
Update 5/1/23: Extended until June 30 2023.
Update 2/27/23: Also available in NY, OH, IN
Update 2/6/23: Deal has been extended until 4/30/2023.
Offer at a glance
- Maximum bonus amount: $160
- Availability: NY, OH, IN, PA
- Direct deposit required: Yes, $500+
- Additional requirements: eStatements
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $25, 180 days
- Household limit: None listed
- Expiration date: 1/31/2023
Contents
The Offer
- Northwest Bank is offering a $160 bonus when you open a new Affinity checking account and complete the following requirements:
- Make direct deposits totaling $500 or more within a single statement cycle within the first 3 statement cycles from account opening to earn a $150 bonus
- Enroll all your Northwest accounts in eStatements to earn an additional $10 bonus
The Fine Print
- Offer redeemable online-only. To qualify for the $150 checking bonus, open a Northwest Affinity Checking, Affinity Plus Checking, or Affinity Premier Checking account online by 1/31/2023 and make direct deposits totaling $500 or more within a single statement cycle within the first 3 statement cycles from account opening.
- A qualifying Direct Deposit is an Automated Clearing House (ACH) credit, which may include payroll, pension or government payments (such as Social Security). The bonus will be deposited into your new account within 90 days of completing qualifying activity requirements.
- In order to receive the bonus, your checking account must be open and in good standing. Offer is not available to existing Northwest checking account customers or to those with a Northwest checking account that has been closed within the last 12 months. Northwest Bank reserves the right to limit each customer to one new account-related bonus per calendar year. Eligibility may be limited based on your account type and ownership role. Bonus is subject to IRS 1099-INT reporting. Employees of Northwest Bank, its affiliates, and subsidiaries are not eligible for this offer. Offer subject to change, including cancellation, at any time without notice.
- To qualify for the additional $10 bonus, you must enroll all Northwest accounts in eStatements. The bonus will be paid to an eligible checking or savings account where you’re listed as a primary owner. Bonus is subject to IRS 1099-MISC reporting and will be credited to your account within 30 days of satisfying requirements. Not eligible on business accounts. Additional restrictions may apply. See branch for details. Offer subject to change, including cancellation, at any time without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Affinity Checking has no monthly fees to worry about.
Early Account Termination Fee
$25 fee according to the fee schedule, 180 days.
Our Verdict
Need to know if this is a hard or soft pull to open.
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
