[Expired: This offer has now expired. You can find more bank account bonuses here]
Offer at a glance
- Maximum bonus amount: $200 cash
- Availability: Select areas in PA only
- Direct deposit required: No
- Additional requirements: No
- Hard/soft pull: ?
- Credit card funding: ?
- Monthly fees: $0
- Early account termination fee: None
- Expiration date: July 15th, 2014
The Offer
- Open a new checking account with citadel with a minimum opening deposit of $100 and receive a $100 cash bonus, making sure to use promo code “CASH“
- Receive another $100 cash bonus if you maintain a monthly average checking balance of $500 or more for 60 days after account opening and complete one of the following:
- Make 3 debit card transactions in each of the two months following account opening
- Receive a direct deposit of $500 or more in each of the two months following account opening
The Fine Print
- Citadel will deposit the first $100 within 15 business days of account opening
- Citadel will deposit the second $100 within 15 business days of completing the requirements
- To be considered a new member you must not currently have a banking relationship with citadel and you can’t have closed an account within the last 18 months
- One offer per household per lifetime
- Offer valid until July 15th, 2014
- All bank bonuses are treated as interest and as such you must pay taxes on them
Avoiding Fees
Citadel bank does not charge any early account termination fees from what we could find. They also offer free checking accounts which don’t have any requirements to stay fee free (if the account is inactive for a period of 90 days or more a $15 fee is charged though).
Our Verdict
This is a great offer and much better than the usual $100 in gift cards Citadel offers. This would’ve definitely made our best checking promo page if it was open to those outside of Pennsylvania as well. The downside to this offer is nobody knows if it’s a hard or soft credit pull.
If you’re in PA and decided to do this deal, please let the rest of us know whether it was a hard or soft pull in the comments below. If I lived in PA here is how I’d complete the deal:
- Open account, using a rewards earning credit card if possible with a minimum of $500 (this would trigger the first bonus and also make sure I have the $500 minimum required for the second bonus)
- Make 3 debit card transactions for the next two months. I’d purchase Amazon gift cards to complete this ($0.15 each)
- Wait for both of my bonuses to post
- Close account
Pretty easy $200 if you ask me, unfortunately I don’t live in PA! We’ve also added this deal to our master list of new checking account bonuses.
Unfortunately Citadel doesn’t take Credit card funding as a source.
Any idea if it was a soft or hard pull?