Offer at a glance
- Maximum bonus amount: $200
- Availability: WI
- Direct deposit required: Yes, three consecutive months
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Bank of Luxemburg is offering a $200 referral bonus to both parties. Person being referred needs to complete the following requirements:
- Open a new checking account
- Have at least three months of consecutive direct deposits within 120 days
- Post five or more debit card transactions monthly for three consecutive months
The Fine Print
- This information will be used solely by Bank of Luxemburg.
- No information on this form will be shared with any outside parties for any purpose.
- Referred new customer must open a new deposit account for at least 90 days to qualify for $200.
- Offer is not available to existing customers or those who have a closed deposit account within the last 365 days.
- Offer subject to change without notice. Cannot be combined with any other offer. To receive the $200:
- 1) Open a new Bank of Luxemburg checking account, subject to approval.
- 2) Have at least three months of consecutive direct deposits made to this account within 120 days. Direct deposit must be a payroll from an employer, pension, or government benefit (such as Social Security or VA Benefit).
- 3) Post five or more Bank of Luxemburg debit card transactions monthly for three consecutive months.
- Qualifying debit card transaction excludes ATM withdrawals. After the account has been open for 120 days and if the above requirements are met, the $200 will be deposited into referred customer and referring customer’s account within 15 days.
- Payment will be treated as interest and will be reported on the IRS Form 1099. Any Bank of Luxemburg checking account is eligible for this incentive See the specific checking account disclosure for requirements and fees.
- Primary account owner must be 10 years or older to qualify. Bank of Luxemburg employees are not eligible. Rev. 2/2025
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
Feel free to share your referrals in the comments along with whether it’s a hard or soft pull to open.
Hat tip to reader snailrock
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
