Deal has expired, view the best current checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $150
- Availability: WA, 5801 Tacoma Mall Boulevard
- Direct deposit required: None
- Additional requirements: eStatements, 10 debit card purchases
- Hard/soft pull: Unknown (csr says soft pull)
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $7, avoidable
- Early account termination fee: None
- Household limit: None listed
- Expiration date: December 31st, 2018
Contents
The Offer
- Heritage Bank is offering a bonus of $150 when you open a new checking account at the new 5801 Tacoma Mall Boulevard branch and complete the following requirements:
- Deposit at least $100 at opening
- Make 10 debit card purchases
- Sign up for online banking
The Fine Print
- Bonus/Account Information: Offer valid until 12/31/18.
- Offer not available to existing Heritage Bank checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
- Employees of Heritage Bank and its affiliates are not eligible for this offer.
- To receive the bonus: 1) Open a new Heritage Bank checking account, which is subject to approval; 2) Deposit $100 or more at account opening; AND 3) Make at least 3 debit card purchases or 3 Person2Person payments within 45 days of account opening;
- After you have completed all the above requirements and the 3 qualifying transactions have posted to your account, we’ll deposit the bonus into your new account within 10 business days.
- You can receive only one new checking account related bonus each calendar year and only one bonus per account.
- Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Base checking account has a $7 monthly fee, this is waived if you have a $100 minimum daily balance.
Early Account Termination Fee
I wasn’t able to find a fee schedule, so I’m unsure if there is any early account termination fee or not.
Our Verdict
Don’t get this confused with the other heritage bank that offers the 3.33% APY savings account. Seems like a very easy bonus to meet the requirements for. We just need to find out if it’s a soft or hard pull to open, should be possible to ask this before signing up. Shame it’s only available at a single branch. If it turns out to be a soft pull we will be adding this to our list of the best highly region specific bank bonuses.
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
CSR says it’d be a soft pull. She also says they’ll pull ChexSystems.
This is sooo location specific. One eligible branch in the entire country. Was it really worth posting?
Yes