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
- 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
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
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.
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.