Update 10/11/25: Bonus now $300.
Update 7/20/25: Bonus now $130.
Offer at a glance
- Maximum bonus amount: $300
- Availability: WI only
- Direct deposit required: Yes, $300+
- Additional requirements: Use promo code
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Must be kept open for 90 days
- Household limit: One
- Expiration date: None listed
Contents
The Offer
- PyraMax Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
- Use promo code WELCOME300
- Receive a direct deposit of $300+ per month within 60 days of account opening
The Fine Print
- Account must have a $300 minimum monthly Direct Deposit set up and received beginning within 60 days of opening the account.
- The account must remain open for 90 days and meet the account conditions, after which time the $300 Bonus will be deposited directly into the Checking account.
- Not available for HSA checking accounts.
- Limit one gift per household.
- Customer must mention this card at in-branch account opening or enter Promo Code: WELCOME300 at online account opening to be considered for this offer.
- Offer may not be combined with other promotions and may be withdrawn at any time. Receipt of gift may have tax consequences.
- Employees of PyraMax Bank and their immediate family are not eligible for this promotion.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly 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
Early Account Termination Fee
Account needs to be kept open for at least 90 days
Our Verdict
Previous best bonus was only $125.
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
