[Expired] Armed Forces Bank $100 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 11/3/20: Extended until November 30, 2020

Academy Bank has the same offer

Offer at a glance

• Maximum bonus amount: $100
• Availability: ??
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, not sensitive
• Credit card funding: Unknown
• Monthly fees: $10, avoidable
• Early account termination fee: None
• Household limit: None listed
• Expiration date: April 30th, 2020 September 30, 2020 October 31, 2020 November 30, 2020

The Offer

Direct link to offer

• Armed Forces Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
  • Use your debit card a minimum of 12 times before December 31
  • Set up a direct deposit before December 31

The Fine Print

• The new Access checking account must be opened before or on the date of September 30, 2020.
• There must be at least 12 debit card transactions during the months of September and/or October 2020 to receive the reward.
• Direct deposit must be set up with at least one deposit received prior to October 31st to receive the reward. The new checking account must be open at the time of the reward deposit.
• The $100 reward will be deposited into the checking account during the month of November 2020.
• $100 offer only available to one account per person.
• Armed Forces Bank clients with an existing checking account (Access, Elite or Restore) are excluded from this offer.
• Armed Forces Bank associates are excluded from this offer.
• Limited time offer.
• $25 minimum opening balance is required for any checking account product.
• Reward will be reported under the applicable IRS rules. Recipient is responsible for any federal, state or local taxes.

Avoiding Fees

Monthly Fees

There is a $10 monthly fee that is waived if you receive a direct deposit.

Early Account Termination Fee

Account must be kept open until the bonus is paid out.

Our Verdict

This is a military bank, but I’m not actually sure if you need to be military to sign up for this or not. The bonus itself looks to be worth doing if you’re eligible. If anybody has more information please share below. Bit annoying that it requires a direct deposit now.

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• 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?
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Post history:

• Update 10/11/20: Extended until October 31, 2020
• Update 9/7/20: Deal is back, but now requires a direct deposit. Also need to use debit card 12 times now instead of only 5. Hat tip to reader HJF