GO2Bank $100 Referral Checking Bonus

Update 9/7/23: Deal is back through October 1st. There’s also an offer for $125 from Swagbucks/MyPoints (some discussion in the comments on whether it can stack with the referral offer).

Offer at a glance

• Maximum bonus amount: $100
• Availability: Nationwide
• Direct deposit required: Yes, $200+
• Additional requirements: No
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $5, avoidable
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: June 1, 2023 October 1, 2023

The Offer

No direct link to offer, available via referral. Find/share your referrals here.

• Go2Bank is offering a $100 referral bonus to both parties when the person signing up completes the following requirements
  • Receive a qualifying direct deposit of $200 or more within 45 days of account opening

The Fine Print

• In order for both the referred individual and the referring GO2bank accountholder to each qualify for and receive the referral reward of up to $100, the following conditions must be met: The referred individual may not have previously opened a GO2bank Deposit Account (“Account”); they must open a new Account between April 1, 2023 and June 1, 2023, they must open the new account using the referring GO2bank accountholder’s unique referral (share) link directly or as shared through email or social post; and they must receive in the new Account a qualifying direct deposit of $200 or more within 45 days of account opening.
• The qualifying direct deposit must be made by the referred individual’s employer, payroll provider, government benefits, or unemployment benefits payor by Automated Clearing House (ACH) deposit. Bank ACH transfers, debit card transfers, verification or trial deposits from financial institutions, tax refund deposits, mobile check cashing, and cash deposits are not qualifying deposit activities.
• Your referral reward of up to $100 may vary during the promotional period as offers are dynamic, personalized, and may change the next time you log in to make a referral. Referring GO2bank accountholder and referred individual GO2bank accounts must both be in good standing to be eligible for and receive a reward.
• The reward is paid to each party within 48 hours after qualifying funds are first deposited into the referred individual’s new Account.
• New and referring GO2bank accountholders may earn no more than $1,500 in referral rewards per calendar year (January 1 – December 31).
• Referred individual acknowledges that payment of the reward will result in the referring GO2bank accountholder’s knowledge of the individual’s new Account.
• GO2bank reserves the right to cancel or modify the terms of the referral reward offer or terminate the member’s eligibility at any time with or without prior notice.
• Promotional credits are reported on form 1099-INT to the IRS.
• 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 with a direct deposit.

Early Account Termination Fee

I wasn’t able to find any mention of any EATF.

Our Verdict

It might be possible to go through a portal for another $80 but no guarantee it will stack (we have covered that here). Seems like an easy bonus to complete the requirements for and we will add this to our list of the best bank account bonuses. Again do not share your referrals in the comments, but you can share them in this linked post.

Hat tip to Gadget, their referral link here

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