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Offer at a glance
- Maximum bonus amount: $200
- Availability: TX
- Direct deposit required: Yes, $1,500+ recurring
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $10, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: March 29, 2024
Contents
The Offer
- Lone Star National Bank is offering a $200 checking bonus when you open a new personal checking account and complete the following requirements:
- Receive monthly direct deposits of $1,500+ through 5/31/24
The Fine Print
- Bonus will be deposited by 6/30/24
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Easiest account to keep fee free is the LSNB, this has a $10 fee that is waived if any of the following requirements are met:
- Minimum Direct Deposit/ACH Credit(s) of at Least $500 per Statement Cycle
- Minimum of 20 Posted Debit Card Purchases/Payments per Statement Cycle
- Minimum Daily Balance of $500 (Everyday of Statement Cycle)
You also need to opt into paperless statements otherwise you’ll be charged $3.
Early Account Termination Fee
- No ETF
- $10 monthly inactivity fee after 180 days if balance below $100
Our Verdict
There is also a $2,500 business checking bonus but that requires merchant services so not worth considering. I think you need to open this in branch but not 100% sure.
Hat tip to Bockrr
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
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