Offer at a glance
- Maximum bonus amount: $100
- Availability: Must live or work in Brown County. Must go into branch [900 North Jackson Street Green Bay, Wisconsin 54302]
- Direct deposit required: Yes, $500+ for two 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
- Expiration date: None listed
The Offer
- Northern Paper Milles (NPM) are offering a bonus of up to $100 when you open a new checking account with them. Requirements must be completed within 2 moths of opening and are as follows:
- $25 for receiving direct deposit(s) totaling $500 or more per month for two months
- $25 for 15 ATM/check card transactions
- $25 for 6 online bill payments
- $25 for e-statements (must enroll at account opening)
The Fine Print
- The requirements must be completed within 2 months of checking account opening to receive $100; $25 for Direct Deposit(s) totaling $500 or more per month for two months: this includes payroll, pension, Social Security or other government benefits,
- $25 for 15 ATM/check card transactions
- $25 for 6 online bill payments
- $25 for e-statements (must enroll at account opening).
- Checking account and check card subject to credit approval.
- Account will be reviewed 60 days after account opening.
- Minimum to open is $50.
- Cash bonus earned will automatically be deposited into y
- our new account within two weeks after account review.
- Offer not available to existing checking account holders.
- Not valid with any other offer. The Annual Percentage Yield (APY) is .02% on a balance of $500 or more.
- Limit one bonus per member.
- Bonus is considered dividends and will be reported on IRS form 1099-INT. A share account with a minimum deposit of $5 is required to obtain a checking account.
- NPM Credit Union has the right to cancel the cash bonus at any time.
- Minimum of one bill must be paid per month to avoid a $4 inactivity fee with Online Bill Pay.
- Membership eligibility required. Federally insured by NCUA. Other restrictions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
They have a free checking account with no monthly fees, but you need to complete one bill pay per month otherwise there is a $4 inactivity fee with online bill pay. I wasn’t able to find a fee schedule so I am unsure if an early account termination fee is charged or not.
Our Verdict
They offered a similar bonus before those under 24. Anyway this bonus has way too many requirements for only $100 so I wouldn’t recommend it at all. If anybody does go for it, please share your data points in the comments below. We aren’t adding it to our list of the best bonuses due to all of the requirements.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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- A Beginners Guide To Bank Account Bonuses
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- 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
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