Update 4/3/24: Deal is back until June 28, 2024.
Update 1/22/24: Deal is back and valid until March 29, 2024.
Update 12/2/23: Deal is back and valid until 12/31/23. Hat tip to 14lopeza
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 ($400) | West PA ($300) | OH ($300) |
- 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 STEPA1Q24
- 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.
Haven’t seen any DP for non real DD so took a plunge with Fidelity
4/16 – $505 – Fidelity transfer – PREAUTHORIZED CREDIT FID BKG SVC LLC MONEYLINE
Any idea if this counts for the DD? I’m assuming not but will try Wise next
So strange. Applied yesterday, at funding they said they had to verify my external bank to transfer in for initial deposit. Got an email this morning saying your application has been withdrawn at your request. I didn’t withdraw anything… oh well.
Still waiting payout for dec.Did anyone get it?
Not yet. Think April 12th is the day we’re supposed to get paid. So another week to go.
Nothing yet this morning
It is slated to post tonight
Rejected. Seems chex sensitive.
Deal was extended William Charles Chuck see below:
Western PA ($300): https://www.stbank.com/specials/q224-checking-consumer-w-pa/
Eastern PA ($400): https://www.stbank.com/specials/q224-checking-consumer-e-pa/
Ohio ($300): https://www.stbank.com/specials/q224-checking-consumer-ohio/
Preferred Banking/Private Banking, I think anyone in PA or Ohio can apply to this: https://www.stbank.com/specials/2021-switch-to-preferred/?openAccount=true
I’m guessing the people who reside in Central PA would use the last link?
since there are quite of S&T bank branches proximity to the Harrisburg and surrounding areas.
Don’t live in PA, but i hopefully plan to in the next couple of years.
This is the first time I’ve personally seen that very last Preferred banking link. Thus, would say if available, give that one a shot if in central pa, or if that one isn’t avail, try one of the other PA links
14lopeza Thx but what is the new promo code? The code in DOC is from first quarter
Doesn’t look like you need a new promo code as long as you use a link/promo page
Balance only needs to be above $0 when the bonus posts, not $50 minimum.
Quick note here for the last day or two of this offer: The bank serves both Ohio and Pennsylvania. The heading says to use the code STEPA1Q24, but that’s only correct if you live in Eastern Pennsylvania (it’s the EPA in STEPA). For Ohio residents, the code is STOH1Q24. Western Pennsylvania is likely STWPA1Q24, but please verify that. Also, you get an extra $100 if you live in Pennsylvania for some reason. Enjoy!
3/21/24 – Approved for the Select Checking.
Pulled ChexSystems
Inquiries: 7/12, 9/24
Need to find some non-ChexSystems banks. 🙂
Signed up myself and P2 both. Applications were both approved and generated accounts numbers. Funded both accounts with credit card for $100 each no cash advance fees. Called because could not get into account online. Agent said that our accounts were out of market and wasn’t sure why they generated an account. Accounts were being closed and $100 each was being mailed back to us.
Did they specify what “Out of market” was for them?
Make sure you sign up for electronic delivery of statements. I just got charged $3 service fee.
P2 got denial “Unfortunately due to the number of inquiries with other financial institutions, we will not be able to honor any accounts for you at this time.”
Seems strange as I have lot more chex inquiries than P2 and I was auto approved. I did got asked about copy of SSN card via their secure emai and then confirmed offer on the account without me asking.