Offer at a glance
- Maximum bonus amount: $250
- Availability: IL & NC only, looks to be in branch only [Branch locator]
- Direct deposit required: Yes, no minimum specified
- Additional requirements: None
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: 180 days otherwise bonus is forfeit
- Expiration date: None listed
The Offer
- Open a WestTown Bank & Trust totally free checking account and receive a $250 sign up bonus when you complete the following requirements:
- Receive a qualifying direct deposit (no minimum specified)
The Fine Print
- Minimum opening deposit for this free checking account if $100.00
- Offer not available to existing checking customers or to those with an Albemarle Bank & Trust or West Town Bank checking account that has been closed within the last 6 months
- Bonus offer available to new consumer checking customers and requires at least one (1) recurring direct deposit per month
- Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as social security) from your employer or the government
- Direct deposit must begin within 60 days of opening account
- $250 bonus will be deposited into your account within 60 days of first direct deposit
- Account must remain open for 180 days or $250 will be deducted from closing balance
- Bank reserves the right to limit each customer to one new account related bonus per calendar year
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is no monthly fee on this account, although it does need to be kept open for 180 days otherwise they will charge $250 to close the account.
Our Verdict
This seems like a good bonus if you can confirm it’s a soft pull to open, you should be able to use any tax refund you receive to trigger the direct deposit requirement and hopefully other work arounds would do the trick as well. I doubt you’ll be able to fund the account with a credit card due to the in branch opening requirement but who knows.
If you have any experience with this bank, please add it in the comments. When we have more information we may add it to our list of the best bank bonuses, for now it’ll just be added to the complete list of all bonuses.
