Posted by William Charles on July 14, 2018
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Published on July 14th, 2018 | by William Charles


[Expired] [VA, MD only] First Bank $100 Checking Bonus

Bonus is no longer being offered, view more bank bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: VA only, when you go to open an account online it lets you input any zip code. On the following page it’ll say you’re ineligible if you use a state other than VA. If anybody gets other states to work, let us know. Might need to live within 100-150 miles from a branch (but you won’t be auto denied online if this is the case) More info here. MD worked as well, within 50 miles of a branch.
  • Direct deposit required: Yes, $250+
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $1,000
  • Monthly fees: $7, avoidable
  • Early account termination fee: Unknown
  • Household limit: One
  • Expiration date: None listed

The Offer

Direct link to offer

  • Receive a bonus of $100 when you open a new First Bank checking account with a recurring direct deposit of at least $250.

The Fine Print

  • Offer available to new First Bank checking account customers (those without current First Bank checking accounts) who open a new First Checking account online.
  • To receive $100, you must open a new First Checking account in our Online Application Center and sign up for a recurring $250 minimum direct deposit into this account.
  • This limited-time offer may end at any time.
  • Your reward will be deposited in your new First Bank checking account once the account has been open for 90 days, the first qualifying direct deposit has been received, and the account is in good standing.
  • Subject to approval.
  • Limit one per household.
  • The $100 will be reported on Form 1099-INT for tax purposes.

Avoiding Fees

Monthly Fees

You can waive the $7 monthly fee with any of the following:

  • Average monthly balance of $500+
  • Direct deposit of $100+
  • Automatic First Bank loan payment

Early Account Termination Fee

I wasn’t able to find a fee schedule, so I’m unsure if an early account termination fee is charged or not.

Our Verdict

Previously they offered a bonus of up to $200, it was the same as this current bonus but they also had an option for $200 that required a different account that was much more difficult to keep fee free. The credit card funding is nice but it looks like they often close accounts after they have been opened due to not living close enough to a branch so keep that in mind. I’ll be adding this to the best checking bonuses.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

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MD resident within 50 miles of a branch and was able to apply. Status is “approved pending.” Nowhere in the terms did it require a specific state residency.


Want to be aware of your updates on opening the account with them. Can you update? Appreciate it a lot!


DP – BoA Amtrak World $1k coded as purchase, not sure about this $100 bonus but will try some ach transfers


Typo on the master list page – you have this bonus marked as “WA and MD”, should be “VA and MD” (washington instead of virgina)


Does anyone know if you can fund with Amex or is it just Visa/MC?


I don’t see the first checking account available to apply for it under the list of accounts. It only lists savings, MM, and CDs.




ditto. Changing the zip code to elsewhere in VA made checking account selection available. However, proceeding further into the application, it has you put in your address with an un-editable zip code field.


Yup still unavailable if you enter a zip code they don’t serve (I’m in Arlington, VA). At least they save us the trouble of having an account closed right after opening because we’re out of the service area.



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