Offer at a glance
- Maximum bonus amount: $300
- Availability: WI
- Direct deposit required: $500+
- 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 listed
- Expiration date: None listed
The Offer
- Oostburg State Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Setting up a direct deposit of $500 or more per statement cycle
- Making at least 10 debit card purchases of $15 or more per statement cycle
- Average monthly balance in the new checking account of $750 or more each month for 6 months after account opening.
The Fine Print
- Applies to New Consumer checking accounts opened on or after December 1, 2024. Existing customers are eligible, but only if they have not held an active personal checking account at Oostburg State Bank twelve months prior to December 1, 2024 as a primary or secondary account holder.
- A qualifying Direct deposit each month of at least $500 in the new checking account. (Qualifying direct deposit is a direct deposit of regular monthly income-such as your salary, pension, Social Security benefits, which are made from your employer or other payor-using account and routing numbers that you provide to them. Non-qualifying transfers and deposits include: teller deposits, wire transfers, non-payroll ACH transfers, bank to bank and/or people to people transfers, debit card transfers, ATM transfers or deposits, online and mobile banking transfers or deposits.)
- Average monthly balance in the new checking account of $750 or more each month for 6 months after account opening.
- After you have satisfied all the requirements maintaining the account, we will deposit the Reward into the checking account that was opened. An IRS 1099 form may be issued. You are responsible for any federal, state, or local taxes due on the Reward and will report income to the tax authorities if applicable.
- One account per social security number (SSN) only. In the case of multiple checking accounts being opened using the same social security number, the first opened checking account will receive the reward. This offer cannot be combined with any other offers.
- Primary account holder must be 18 or older to qualify for the reward.
- Eligible personal checking accounts are Now Interest Checking, Personal Checking, Power Up Checking, and Senior Checking.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
Wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
If anybody goes for it, share your experiences in the comments below.
Hat tip to reader snailrock
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