Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $500
- Availability: FL & TX
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees: $5, avoidable
- Early account termination fee: $25, six months
- Household limit: None
- Expiration date: April 30, 2022
Contents
The Offer
- Amerant Bank is offering a $250/$500 bonus when you open a new value checking account. Bonuses are as follows:
- $250 bonus:
- Receive a qualifying direct deposit within 90 days
- Maintain an average balance of $10,000 on your 2nd and 3rd statement cycle and have your account open for 90 days.
- $500 bonus:
- Receive a qualifying direct deposit within 90 days
- Maintain an average balance of $25,000 on your 2nd and 3rd statement cycle and have your account open for 90 days.
- $250 bonus:
The Fine Print
- Offer not available to existing Amerant Bank customers, prior customers who have had an Amerant Bank personal checking relationship within the preceding 90 days, or have been paid a promotional premium in the past 24 months.
- Limited to one checking account per new customer.
- If multiple accounts are opened with the same signers, only one account will be eligible for the bonus.
- Applicant must be a citizen or resident alien of the United States (U.S.) who is at least 18 years old with a valid U.S. taxpayer identification number.
- To qualify for the bonus: (i) open your new Value Checking Account online at amerantbank.com OR at an Amerant Bank branch location from 01/10/2022 through 04/30/2022; (ii) have your Qualifying Direct Deposit(s) made to the account within 30 days of account opening; and (iii) maintain an average balance in the account of $10,000 (for $250 Cash Bonus) or $25,000 or more (for $500 Cash Bonus) for 60 days after the 31st day the account was opened.
- We will deposit the bonus in your new account within 60 days after you have completed the above conditions.
- To receive the bonus, your Value Checking Account must be open and in good standing at the time of payout. The bonus will appear as “Cash Bonus” on your monthly statement and will be reported on the applicable IRS form as interest income.
- This promotion may be extended, modified or discontinued at any time, and may vary by market.
- A “Qualifying Direct Deposit” means a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or the government into Value Checking Account. Person-to-person and bank transfers from accounts you have at other financial institutions do not qualify.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $5 monthly fee. This is waived when you do either of the following:
- Enroll in Online Statements or monthly Direct Deposits or complete 4 Debit Card transactions per statement cycle
Early Account Termination Fee
$25 if closed within six months of account opening.
Our Verdict
Last bonus was for $300, same requirements as the $250 bonus. Nice to see a bigger $500 level as well. It’s annoying that you need the $10,000/$25,000 in there for at least two months, but still worth doing for the respective $250 and $500 bonuses (although again the $250 bonus isn’t as good as the $300 bonus we previously saw).
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
This offer is no longer available.
There is a $30 ACH fee and $25 early account termination fee. Anyone know the minimum balance I need to maintain to avoid low balance fee? Will I be charged for ACH pull from other account?
https://media.amerantbank.com/wp-content/uploads/2019/04/AMTB-MISC-DOMENG.pdf
THank you Buddy you are of great help to others. God bless you.
Wait at least 181 days to close account to avoid $25 fee.
To avoid $30 ACH fee use the external FI to pull the funds out.
It looks like the account has no minimum fee if you signed up for electronic statements.
https://media.amerantbank.com/wp-content/uploads/2019/04/AMTB_Personal_CASA_Grid_Current.pdf
Positive DP for P1:
Account opened 1/17
Transferred $25k 1/25
Kept regular employer DD ~$100 twice monthly
Bonus posted 4/22 “Credit Memo – Checking $500 Bonus”
Looks like about 95 days from account opening to bonus posting btw
Positive DP:
Account opened 1/26
Schwab Brokerage push 2/4
Bonus deposited 4/27
Thanks for the DP. When did you transfer 10K or 25K into the account?
Denied OOS: “We regret that we cannot open your Value Checking account online. We are unable to verify your identity or other personal information.”
Anyone received bonus? 92 days still nothing here
Same boat, nothing yet. Some DPs suggest it posts around day 95. Very impatient to get this money out.
Bonus received 4/23. Irritated that they charge $5 to transfer money out. Always surprising just how many terrible banks are out there; this one is so fee-riddled and the website so buggy that it’s amazing they’re still in business at all.
Did you initiate transfer out from Amerant or external bank?
Nothing here. In same timeframe as you too.
I got my bonus last week> There is an early termination fee. I believe you can transfer money but keep the account open for 3 more months
dont waste your time it will charge your card rightaway and not the account wont open if your not in the miami or ftl market.
Any fake DP on DD? there is no info in the named resources: https://www.doctorofcredit.com/amerant-bank-300-checking-bonus/#comment-1310167%20https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#Amerant_Bank
https://www.doctorofcredit.com/amerant-bank-300-checking-bonus/#comment-1310167
I agree it is not most comprehensive post but would try vanguard , serve , and discover
Just FYI, opened account 1/17 and received debit card 2/16 (mailed from FL) so almost a month to receive debit card for me.
Denied due to Chex
How many in the last 12/24 months?
20/12, 30+/24