This checking bonus has expired and is no longer available. Click here for a list of the best checking bonuses.
Offer at a glance
- Maximum bonus amount: $100
- Availability: In branch only. All branches are in WI
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5, avoidable
- Early account termination fee: Account must be kept open for 90 days
- Household limit: One
- Expiration date: December 31st, 2017
The Offer
- Open a new PyraMax Bank checking account and receive a bonus of $100 when you open any new checking account and complete the following requirements:
- Not entirely sure what the requirements are, but I believe they are:
- eStatements
- Download banking app
- Download card valet app
- Get Palm Scanned (this also gives a $5 starbucks gift card)
- Ask about uChoose rewards
- Not entirely sure what the requirements are, but I believe they are:
The Fine Print
- Offer available to individuals without a PyraMax Bank checking account in the past 90 days
- Requires a minimum opening deposit of $25
- Account must remain open for 90 days and meet the bonus conditions after which you will receive the bonus
- Limit of one gift per household
- Must present the flyer
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Simply Checking seems to be the easiest account to keep fee free. It has a $5 monthly fee that is waived if you do three of the following:
- Receive a monthly direct deposit of $100 or greater
- Enroll in e-statements
- Maintain a $500 minimum balance in this account
- Maintain a $1,000 minimum balance in combined PyraMax bank deposits
- Perform 7 check card transactions
- Perform one online bill payment transaction
Our Verdict
Bonus seems to be pretty easy to get, keeping the account fee free is more difficult. The other downside is that you have to open it in branch. I’m not sure it’s worth the effort involved for $100 but might be worth it for some if you live near a branch due to not requiring a direct deposit. As always if anybody signs up then please share your experiences in the comments below. This won’t be added to the best bank bonuses for now due to the small bonus and the unknowns.
Big thanks to reader, Curmudgeon 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?
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