Posted by William Charles on August 19, 2015
Bank Account Bonuses

Published on August 19th, 2015 | by William Charles


[PA only] Fidelity Bank Offering $200 Checking & $100 Savings Bonus

Offer at a glance

  • Maximum bonus amount: $200 for checking & $100 for savings
  • Availability: Pennsylvania only
  • Direct deposit required: Total of $400+
  • Additional requirements: Deposit $10,000 for 60 business days for savings bonus
  • Hard/soft pull: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None on free checking an waiveable on savings
  • Early account termination fee: Bonus forfeited if closed within 60 days
  • Expiration date: None listed

The Offer

Direct link to offer

  • Open a new checking account with direct deposits totalling $400 or more and receive a $200 bonus
  • Open a new savings account and deposit at least $10,000 in funds and receive a $100 bonus

fidelity bank $300 bonus

The Fine Print

  • Offer valid for customers who currently do not have an existing personal checking account at Fidelity Bank
  • Direct deposits must be received within 60 days of account opening
  • $200 checking bonus will be made on the 61st day after account opening
  • $10,00 in funds must be deposited within 30 days of account opening
  • $100 bonus will be deposited on the 61st day after account opening
  • Days are only business days
  • Interest rate on checking account is 0.05% APY and 0.1% APY on savings account
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

No fee on free checking account, need to keep $100 in Optimum savings to keep fee free. I wasn’t able to locate the fee schedule so I am unsure if an early account termination fee is charged or not but you need to keep the account open for at least 61 business days to get the bonus.

Our Verdict

This $200 checking bonus is pretty good, requirements are easy to meet and there are no fees. Like most new bank bonuses the main concern is whether it’s a hard pull or not, I’d recommend calling or going in branch first to confirm. We obviously haven’t added this to our best bank bonuses due to this unknown.

I think it makes sense to do the $100 savings bonus as well. You’d be loosing out on about two months of interest (remember to fund it late in the first month to avoid loosing too much interest). Even at 5% you’d be making a small profit of $20, even better if you’ve already maxed out the 5% interest accounts.

Direct link to offer | Screenshot of offer

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Thanks Thoughts on whether an ACH transfer would count for DD for them?


This might be a dumb question, but for state-specific bank bonuses like this, do you have to be a resident of that state? I live right on the border and was curious if I could pull this off?


I have emailed them regarding hard or soft pull. Will update when I get an answer.


Will, the terms say $400 of direct deposit or recurring credit? What is later one?

Phong @

Is Fidelity Bank different from the bank account you can get for the Fidelity Amex card? Not that it really matters much since I don’t have ten grand laying around haha…. As of yet….


No. This is a different bank. A community bank sort of. much smaller.


So, I got response from the bank.

Its chexsystem inquiry. Also, offer is one per person.


Rejected even with PA zipcode.


Just because someone wrote it a month ago doesn’t mean that he couldn’t have discovered it himself without reading someone else’s post. There are millions and millions of webpages out there. Just because one person can discover something doesn’t mean that someone else can’t do it a month later. Of course I may be wrong, but from what I’ve seen, he gives credit where credit is due.


[…] special thank you goes out to Doctor Of Credit for posting about this […]


As my accounts were reaching 30 days in age, I ACH transferred 10k in to the savings account from my Barclays savings account. It showed up in the Fidelity savings account as “BARCLAYS BANK DE DEPOSIT”.

Does anyone know whether “DE DEPOSIT” would be an abbreviation for direct deposit?

Within the next four weeks I need to make a direct deposit into the Fidelity checking account to get the checking account bonus. If “DE DEPOSIT” is an abbreviation for direct deposit, then I can just do another transfer from my Barclays account. If not, then I may have to actually get my employer to direct deposit a paycheck into the Fidelity checking account.

Has anyone seen “DE DEPOSIT” before?


Has this bonus expired yet? I see no mention of it when I click on the link.


[…] Does pull: 1 […]

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