Offer at a glance
- Maximum bonus amount: $200
- Availability: In branch only. Branches are in WA, CA, OR, ID, UT, HI. [Branch locator]
- Direct deposit required: Yes, $500+
- Additional requirements: eStatements & mobile banking
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $15 if closed within 90 days
- Expiration date: None specified
The Offer
- Visit a HomeStreet Bank branch between November 25-26 & receive a $200 bonus when you complete the following requirements:
- Open a new Choice, Select, SelectPlus or Premium Select Checking account. Minimum opening deposit of $100.00 is required.
- A direct deposit of $500 or more per month must be made to this account within 60 days of account opening. Your direct deposit needs to be an electronic deposit from your employer or pension or government benefits (such as Social Security).
- Enroll in Online Banking and sign up for eStatements within 60 days of account opening.
- Sign up for Mobile Banking within 60 days of account opening.
The Fine Print
- Bonus will be deposited in your new account 90 days after account opening, if all the above checking requirements have been completed.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Offer only available to new HomeStreet Bank consumer checking account customers
- Offer not available to existing HomeStreet Bank checking customers or individuals who have had a HomeStreet Bank checking account in the last 12 months.
- Bank employees and members of their household are not eligible for this promotion.
- Individuals can only receive one new checking account-related bonus per 12-month period.
- Offer is subject to change without notice, can be withdrawn at any time and cannot be combined with any other offer.
- This account is available to individuals; however, it is not available for businesses, non-profits, or for use as a personal retirement account.
Avoiding Fees
Select checking does not come with any monthly fees, there is an early account termination fee of $15 if the account is closed within 90 days of account opening.
Our Verdict
This is the biggest bonus we’ve seen for most regions, typically the bonus is only up to $100 or so. Biggest downside to this bonus is that it’s in branch only. We won’t be adding it to our page of the best bonuses due to the limited time nature of this bonus.
Hat tip to reader Fred
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
