Maxx: by Cedar Rapids Bank & Trust: $333 Checking Bonus (Available Nationwide)

Offer at a glance

• Maximum bonus amount: $333
• Availability: Nationwide (Excludes California & Oregon)
• Direct deposit required: Yes, $250+
• Additional requirements: Yes, see below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $5, avoidable
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: August 31, 2024

The Offer

Direct link to offer

• Maxx: by Cedar Rapids Bank & Trust is offering a $333 checking bonus:
  • the account has been open a minimum of 30 days
  • a reoccurring ACH transaction has occurred
  • the debit card has been used
  • the account has a positive balance.

The Fine Print

• $333 bonus will be paid when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
• Requirements must be met within the first six months.
• New client cannot have closed a MAXX by Cedar Rapids Bank & Trust checking account within the previous 12 month period.
• Only new checking account clients are eligible.
• Cannot be combined with any other offer. Account must be active at the time the bonus is paid.
• Promotion ends 8/31/24.
• Bonus will be reported to the IRS as applicable.
• Client will be responsible for any applicable taxes on the bonus. Consult your tax advisor.
• 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 a $5 monthly fee, this is waived if you receive eStatements (also a requirement for the bonus)

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

So Cedar Rapids Bank & Trust recently launched this new digital brand to go national, everything is still backed by the brick and mortar business by also operating in all states now apart from California and Oregon. I wouldn’t be surprised to see this bonus pulled early when they see the influx of new accounts from this promotion so keep that in mind if interested (they did reach out to us to clarify that this is available nationwide though). We will add this to our list of the best bank account bonuses, especially as it seems according to the terms that a true direct deposit is not required.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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• 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
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