[Expired] [WA, CA, OR, ID, HI & In Branch] HomeStreet Bank $300 Checking Bonus

This offer has expired, view the best current checking bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $300
• Availability: Branches are in WA, CA, OR, ID, HI. Account must be opened in branch [Branch locator]
• Direct deposit required: Yes, $5,000+ within the first 90 days
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Yes, sensitive
• Credit card funding: None
• Monthly fees: $10, waivable
• Early account termination fee: Account must remain open for 180 days to receive the bonus and must stay open for a total of 365 days
• Household limit: One
• Expiration date: November 26th, 2018

The Offer

Direct link to offer

• HomeStreet Bank is offering a bonus of up to $300 when you open a new Premium Select Checking account and complete the following requirements:
  • Open with at least $100
  • Receive qualifying direct deposits that total $5,000 or more within the first 90 days

The Fine Print

• Open a new Premium Select Checking account at a branch near you between 11/17/2018 and 11/26/2018 with a minimum deposit of $100.
• Receive qualifying direct deposits that total $5,000.00 or more within the first 90 calendar days of account opening.
• A qualifying direct deposit is an electronic deposit from your employer, pension, or government benefits (such as social security).
• However, federal income tax refunds, or any state income tax refunds, are not considered qualifying direct deposits.
• Person-to-Person and bank transfers between your HomeStreet Bank accounts or accounts you have at other financial institutions or brokerages also do not qualify.
•  Account must remain open for at least 180 days.
•  Bonus will be deposited directly into your new personal checking account within 60 calendar days of completing qualifying bonus requirements.
• Your new account must remain open until the bonus is processed in order to receive the bonus.
• The bonus is considered interest and will be reported on IRS Form 1099-INT.
• This offer is only available to new HomeStreet Bank consumer checking account customers.
• This offer is not available to existing HomeStreet Bank consumer checking customers (either as the primary or secondary account holder) or individuals who have had a HomeStreet Bank consumer checking account in the last 12 months.
• Bank employees and members of their household are not eligible for this promotion.
• Limit of one new consumer checking account bonus per individual and per mailing address.
• If the customer or other individuals residing at the same address received or may receive any other consumer checking bonus from HomeStreet Bank within the last 12 months prior to this account opening then no one at the address is eligible.
• Offer is subject to change without notice, can be withdrawn at any time and cannot be combined with any other offer.
• The new account is available only to individuals and is not available to businesses, non-profits, or for use as a personal retirement account.
• This offer is not applicable to accounts opened through homestreet.com.
•  HomeStreet Bank reserves the right to deduct the bonus from the account at closing if the account is closed by the customer or bank within 365 calendar days after account opening.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Premium Checking comes with a $10 monthly fee; maintain a $2,500 balance to avoid monthly fee.

Early Account Termination Fee

Account needs to remain open for 365 days as they reserve the right to deduct the bonus if closed before then

Our Verdict

Keep in mind they are ChexSystems sensitive and are likely to shut down your account if they don’t like your ChexSystems activity. That means most readers won’t be eligible, so something to keep in mind. They have offered the same bonus before, but you could open online and the early account termination wasn’t quite as harsh. Still probably worth doing if you have light ChexSystems activity. I’ll be adding this to our best checking bonus page.

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

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