Update 8/10/24: Deal is back and valid until December 31, 2024. Some language shows it’s now $300.
Update 5/19/24: Deal is back until July 31, 2024.
Update 1/22/24: Offer extended to April 15, 2024
Update 1/6/24: Extended until March 29, 2024. Hat tip to DJ8014
10/14/23: Deal is back and valid until 12/31/2023
Offer at a glance
- Maximum bonus amount: $250
- Availability:Â WI
- Direct deposit required:Â Yes, no minimumÂ
- Additional requirements:Â Open another deposit account, use promo code
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â One
- Expiration date:Â September 30th, 2023
Contents
The Offer
- Lake Ridge Bank is offering a $250 checking bonus when you open a new checking account and complete the following requirements:
- Use promo code ONLINE250
- Open a forward checking account and at least one additional deposit product, like a savings or money money market account
- Have 5+ transactions per month
- Move your direct deposit to Lake Ridge Bank
The Fine Print
- Your $250 bonus will be deposited into your new Forward Checking account within 90 days after you complete the two easy steps above.
- Of course, you’ll need to keep your accounts in good standing and actively use your new accounts and services (5+ transactions per month).
- While we truly value our current clients, this special offer is only available to households that have not received a similar bonus (one bonus per household) in the past and don’t currently have a checking account with us.
- Complete these requirements within 90 days of account opening to receive your bonus.
- Offer expires on September 30, 2023.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Forward checking account has no monthly fees to worry about.
Early Account Termination Fee
There’s no EATF in the fee schedule.
Our Verdict
Requirements seem fairly easy to meet, just need to know if it’s a hard or soft pull to open.
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
10-15 – Opened online in-service-area with Chex frozen
11-15 – $200 real DD
11-18 – 5x$5 Paypal balance reloads through the debit card
11-22 – $300 bonus posts
This bank also has CC funding, but I’m not sure how much. The form allowed entering up to $25k per account, so $50k combined with checking + savings. I entered $12.5k each, but they ended up only funding $1 to each without reaching out or anything. They did code as separate $1 purchases on my Capital One Venture X from FUNDNOW. If you’re going to take advantage of that definitely reach out to get the actual max amount.
OOS?
can you go to jail for lying
Newbie churner/Dirk (it shows your comment history for both names since you linked it to your email), I’m not sure what you’re implying. If you want to attest on a document that you’re a resident of a state in which you’re not. If you have to ask questions like “can you go to jail for lying” then this probably isn’t the game for you.
Looks like they’re updating the deal, it’s now been extended to December 31, 2024 and increased to $300 in most of the language on the page though the code itself is still ONLINE250, the url still has 250, and their promotions page still says $250. Terms haven’t changed.
Code looks to now be ONLINE300
Just a heads up that you need monthly recurring direct deposit. I had real d.d. for one month and was told this by CS when I asked why I didn’t receive the bonus.
is this churnable?
(I think it was Monona Bank in the past)
out of state here; any way to get an account?
still a part of the app WI only
> I certify that I am at least 18 years of age and a resident of Wisconsin.
I did this last year, people in branch were nice.
They also did a free pancake and sausage day the other week at one of their branches and that was pretty solid.
No longer expired, “Offer expires on July 31, 2024.”
Opened a new account on 1/24/24
$50 DD (real) on 2/8
5 bill payments, each under $20 2/9-2/12
Bonus posted on 3/1
Spoke with a rep and confirmed transactions are defined as debit card, bill payment, etc. Transfers do not count. Also note that the qualification period is ANY 90 day period, not just the first 90 day period, so if you miss the first 90 you can still request a debit card and complete the requirements.