Deal has ended, view more bank account bonuses by clicking here.
Update 9/26/21: Deal is back and valid until November 6, 2021.
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â WI only
- Direct deposit required:Â None listed
- Additional requirements:
- Hard/soft pull:Â Hard pull
- ChexSystems:Â Unknown
- Credit card funding:Â Unknown
- Monthly fees: None
- Early account termination fee:Â Bonus forfeit, six months
- Household limit:Â One
- Expiration date:Â
November 15, 2020November 6, 2021
Contents
The Offer
- Denmark State Bank is offering a $200 checking bonus
The Fine Print
- $200 bonus applies to new accounts opened September 20 – November 6, 2021
- No minimum balance required.
- One reward per household or business.
- Third party fees may apply.
- Fees may reduce earnings.
- Bonus will be added to your account within 45 days of account opening and will be subject to tax reporting.
- Account must remain open and active for at least 6 months or $200 bonus is at risk of being revoked.
- Offer may not be combined with other offers and may be withdrawn without notice. Restrictions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Active & Cash back checking accounts both have no monthly fees to worry about.
Early Account Termination Fee
Account must be kept open for six months otherwise the bonus can be revoked.
Our Verdict
Doesn’t look like there are any requirements for this bonus, that used to be a bigger deal but for most people it doesn’t matter as much as it’s much harder to churn lots of credit cards. Previous best bonus was $150 and that was offered back in 2017. We will add this to our best bank account bonuses.
Hat tip to reader KED
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
