[TX only] Broadway Bank $300 Checking Bonus

Update 6/12/23: Bonus still available.

Update 2/27/23: New link available for $300 bonus.

Update 4/30/22: Deal is back but only for Williamson County, TX. Hat tip to LogmeinGn

Update 4/24/22: Deal is back, hat tip to LogmeinGn.

Update 11/20/21: Deal is back, direct deposit is $2,500+ instead of $1,000 and now requires debit card purchases.

Offer at a glance

• Maximum bonus amount: $200
• Availability: TX only
• Direct deposit required: Yes, $2,500+
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: None
• Early account termination fee: $15 if closed within 90 days
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Broadway Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements:
  • Set up a recurring direct deposit of at least $1,500
  • Spend $1,500 on your debit card within 90 days of opening

The Fine Print

• New Free Checking account required. Excludes closed and reopened accounts. Excludes existing Free Checking accounts.¹Within 60 days of account opening, receive monthly direct deposits of at least $1,000 and receive $200 deposited into your new checking account within 30 days of meeting offer requirements.
• The $200 could be subject to IRS reporting on a 1099 MISC.
• 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 no monthly fees to worry about.

Early Account Termination Fee

According to the fee schedule there is a $15 fee if closed within 90 days.

Our Verdict

Worth doing as it’s a soft pull and a small amount of credit card funding as well. As always if you have any experiences with this bank or bonus then please share them in the comments.

Hat tip to reader Joe F & Natanael

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?
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