Offer at a glance
- Maximum bonus amount: $200
- Availability: Offer available for accounts opened in the Louisville Market only. Maybe Kentucky, Southern Indiana, Indianapolis, Cincinnati?
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5, avoidable
- Early account termination fee: Unknown
- Household limit: One
- Expiration date: August 31, 2024
The Offer
- Stock Yards Bank & Trust is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Use promo code CHECKING200 at opening
- At least ten (10) Point of Sale (POS) purchases of $5.00 or more
- At least one (1) direct deposit or ACH payment must post and clear the account
- Enrollment in eStatements
The Fine Print
- To be eligible, you must enter the referral code shown below when applying online, or mention this offer and referral code when applying in a branch.
- To earn the $200 bonus the following activities must be completed within 90 days of account opening: At least ten (10) Point of Sale (POS) purchases of $5.00 or more must post and clear the account, at least one (1) direct deposit or ACH payment must post and clear the account, and enrollment in eStatements (online banking required).
- Bonus will be credited 90 days after account opening if all requirements are met. Account must be open and in good standing at the time the bonus is paid.
- Bonus will appear on your statement as a Promotional Rebate – The value of the bonus may be reported on the appropriate Internal Revenue Service (IRS) forms, and may be considered taxable income to you.
- Please consult your tax advisor regarding your specific situation.
- Offer available for accounts opened in the Louisville Market only.
- Offer available to new consumer customers only; current customers are not eligible.
- Offer limited to one bonus per household per calendar year.
- Offer subject to change without notice and may be terminated or extended at any time.
- Minimum deposit required to open account and is based on the type of account opened.
- Some accounts have a minimum balance requirement to avoid a monthly service charge.
- Speak to a banker for details.
- Must open account by August 31, 2024.
- 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
Smart checking has a $5 monthly fee.
- $2.50 rebate with eStatements
- $2.50 rebate if one direct deposit OR electronic payment (ACH) posts during the statement cycle
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
If anybody signs up please share if it’s a hard or soft pull in the comments below.
Hat tip to Woody
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