Deal has ended, view more bank account bonuses by clicking here.
Update 6/6/23: Deal is back and valid until 6/30/23
Offer at a glance
- Maximum bonus amount:Â $400
- Availability:Â Must be a resident of Pennsylvania or Ohio. Need to live close to a branch (possibly within 25 miles)
- Direct deposit required:Â Yes, $500+
- Additional requirements:Â eStatements & $1,000 debit card purchases
- Hard/soft pull:Â Soft
- ChexSystems:Â Unknown
- Credit card funding:Â Â Up to $100
- Monthly fees:Â None
- Early account termination fee:Â Six months
- Household limit:Â None
- Expiration date:Â
March 31st, 2020 June 30th, 2020September 30th, 2020December 31, 2020March 31, 2021June 30, 2021September 30, 2021
Contents
The Offer
Direct links to offer: East PA | West PA | OH |
- S&T Bank is offering a bonus of up to $300 when you open a checking account and complete the following requirements:
- Use promo code STWPA2Q22
- Open with a minimum of $50 and maintain that until the bonus posts
- Make at least two direct deposits of $500+ =
The Fine Print
- This offer is not available to current S&T Bank checking customers or those who have closed an S&T Bank checking in the past 12 months.
- Offer applies to new consumer checking accounts (Preferred Banking, Select Banking, and Four Star Banking (also interest bearing for Preferred Banking and Four Star Banking)) opened from 3/2/20 – 3/31/20.
- New accounts will not be eligible for offer if any signer has signing authority on an existing S&T Bank consumer checking account.
- Signing authority will be defined by the customer name(s) and social security number(s) registered on the account.
- Offer cannot be combined with any other checking offer and is subject to change or termination without notice.
- One incentive payout per household.
- To qualify for the first $100 offer, the initial deposit of $50 must be made within 10 days of account opening and the following conditions also must be met by 4/24/20:
- (a) at least ten $10 S&T Bank Visa Debit card purchases (posted and cleared) must be made and
- (b) enroll in online statements.
- A $100 will be credited to the eligible account 5/8/20 for completing the 3 tasks listed above.
- If checking account is opened online, you will receive an additional $50 bonus to your S&T Bank checking account on 5/8/20.
- The additional $200 will be credited to the S&T account on or before 10/16/20 to signify the 6-month anniversary date of the account opening provided the account qualified for the debit card and online statement incentive.
- The max incentive you can receive during this time is $350.
- The account must not be overdrawn during the promotional period to receive any of incentives.
- 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
Select checking account has no monthly fees to worry about. People are being charged a $3 fee if no bill pay is used (you can remove bill pay from your account and the fee is not charged).
Early Account Termination Fee
Account needs to be kept open for six months
Our Verdict
Previously the bonus was $200. This $350 bonus seems incredible, no direct deposit or monthly fee to worry about. It’s annoying that you don’t get the full bonus for six months, but still hard to complain. This will be added to our best bank account bonus page.
Hat tip to JL
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
Post history:
- Update 1/12/23: Extended until March 31, 2023. Direct deposit is now required. I’d recommend waiting for the no direct deposit requirement to return.
- Update 10/12/22: Extended until December 31, 2022.
- Update 7/30/22: Extended until September 30, 2022. There is a $400 offer if in Eastern PA
- Update 4/7/22: Extended until 6/30/22. There is a $400 offer if in Eastern PA
- Update 1/5/22: Extended until 3/31/22, bonus now $300.
- Update 10/13/21: Deal has been extended until 12/31/21.
- Update 8/5/21: Bonus has been increased to $400 (previously was $300/$350). Hat tip to MoneyChaser
- Update 5/17/21: Household limit has been removed. Hat tip to reader JP
- Update 2/20/21: Deal is back, but now $300 instead of $350.
i checked for data points for direct deposit but none listed. would anyone know what banks they would qualify
as a direct deposit from ? https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#ST_Bank
Curious if they are still very chex sensitive. This is one of only a couple banks that I was not able to churn. I was last told, “Unfortunately, our Financial Intelligence Group declines applicants with 10 or more inquiries.” Not sure if I want to risk burning another chex inquiry.
Non-US citizens aren’t able to open an account online. Need to go in-person to open account.
I completed this legitimately by spending over $1,000 on my debit card. According to T&C, I should have received the bonus by end of day on April 13th. As of today, no bonus. I will call tomorrow.
Update:
CS Rep I talked to told me that my account didn’t have a promo code attached. I take lots of screen shots when doing bank bonuses (for situations such as this) and I told the rep I had documents showing that I added the promo code. Rep asked me to email them over for review.
Rep was also confused about what sort of document I might have as proof because- and I quote- “During account opening we don’t provide anything to the customer about the promotion.” (lol?)
Anyways, Rep said she’d have to reach out for an exception and I could expect some sort of response in a day or so. Next day I got an email saying she was successful in getting me an exception and I’d see the money in my account on 4/20.
Good reminder to always take screen shots. I’d have been SOL without mine.
These guys are like if ur drunk uncle ran a bank. I legit wanted to use them bc there was one right next to my gym and it would have been super convenient, and would keep my banking dollars in the local economy. But after having to call 2 times about my bonus and 3 other times about removing the $3/month bill pay option, I decided to just close it. Luckily PA has a glut of local banks to choose from.
East – https://www.stbank.com/specials/q2-checking-consumer-e-pa/?promo_code=STEPA2Q23
West – https://www.stbank.com/specials/q2-checking-consumer-w-pa/?promo_code=STWPA2Q23
More links:
Ohio $300 Bonus – https://www.stbank.com/specials/q2-checking-consumer-ohio/ – Promo Code STOHIO2Q23
Boothwyn, PA Branch $300 Bonus and Free Gift – https://www.stbank.com/specials/boothwyn-300-offer/ and https://www.stbank.com/specials/boothwyn-free-gift/ – Promo Code STEPA2Q23
Student (Age 14-24) $100 Bonus, No Direct Deposit Required – https://www.stbank.com/specials/studentchecking/
Offers are valid through 6/30.
3/28/23: I was able to open the account online with the Eastern PA $400 promo code and enroll in Online Banking. Funded $100 with Citi Double Cash as a purchase.
3/29/23: Received a call and then an email that my account could not be approved as my address is >25 miles from a branch. I am about 50 miles from the nearest branch.
They will be sending a refund check of my initial deposit. I asked if I could open the account in branch using the promo code and the rep told me it would be dependent on the specific branch. I’m not going to bother calling or driving an hour each way to do this bonus. Maybe next time if I’m headed up that way. For now, I’ll take my $2 cash back from the initial deposit! Oh well.
Ohio: I chatted with customer service today. The promo codes in the links above are only for PA. The service rep mentioned I would’ve had to receive a flyer with a code specifically for Ohio.
Just checked, my bonus posted 1/12/23. Thanks STB!
I opened the account Aug 1st, met the 1K debit card purchase requirement, and received the $400 bonus Jan 12th. Do I need to wait an additional 6 months before closing to avoid early term fees (or forfeiting the bonus), or does the 6 month period start from the date I opened the account?
Are you seeing 6 months from the DoC post or from the offer terms? I opened mine in Q4 and don’t see anything about a 6 month requirement