Deal has ended, view more bank account bonuses by clicking here.
Update 2/27/21: There is a link for the eAccess account, that can be opened for those outside NJ & NY. This bonus isn’t as good as you also need to have a $1,000 minimum balance. Hat tip to ShawntheShawn
Update 11/2/20: Effective December 1 you need a minimum of $1,000 in addition to the current requirements to keep account fee free. Hat tip to reader Mali.
Update 10/1/20: Can be opened online again.
Update 8/6/20: Deal is back for the YourStyle account, must be opened in branch. Can also open the YourStyle Plus account for $350. Hat tip to reader Ben
Update 8/2/20: It looks like the new eAccess account is actually from the Investors Bank online division and is open to those outside of NJ & NY (in fact those residents might not be eligible to apply). Hat tip to reader Gadget
Update 7/22/20: There is a new link that requires an eAccess account. This can also be opened online (previously in branch only). Hat tip to reader JohnP
Offer at a glance
- Maximum bonus amount: $250, $25 per month or $350, $35 per month
- Availability: In branch only [Branch locator]. All branches are in NJ & NY
- Direct deposit required: Optional
- Additional requirements: 10 debit card purchases or direct deposit of $500 each month
- Hard/soft pull: Soft pull
- ChexSystems: Yes. Not sensitive
- Credit card funding: None
- Monthly fees: $10, avoidable
- Early account termination fee: None, After 12 months of inactivity, a $5 monthly fee is charged.
- Household limit: None
- Expiration date:
May 31st, 2018August 31st, 2018 September 30th, 2018 March 31st, 2019June 30th, 2019 September 1, 2019None listed
Contents
The Offer
Direct link to offers: YourStyle ($250) | YourStyle Plus ($350)
- Investors Bank is offering a bonus of up to $250 when you open a new YourStyle checking account. You receive $25 per month for 10 months, you must complete the following requirements each month:
- Receive a direct deposit of $500 OR more during your statement cycle or complete 10 point of sale transactions due your statement cycle OR You make Mobile Check Deposit(s) totaling $500 or more during your monthly account cycle. Nationwide bonus also requires a $1,000 minimum deposit.
- Investors Bank is offering a bonus of up to $350 when you open a new YourStyle Plus checking account. You receive $35 per month for 10 months, you must complete the following requirements each month:
- Receive a direct deposit of $1,000 OR more during your statement cycle or complete 15 point of sale transactions during your statement cycle
- Account also comes with cell phone insurance and identity theft protection
The Fine Print
- New Money is defined as money not on deposit at Investors Bank after 9/1/2017
- Open a new YourStyle® Checking Account before 9/30/2018
- Offer not available to any account owner with an existing personal checking account.
- Bonus is up to $250, $25 per month for 10 months.
- Reward payments will cease at the earlier of reaching $250 total or 11 consecutive cycles from the date you opened your account.
- To be eligible to receive monthly bonus you must satisfy the following transaction activity requirements: have an ACH deposit to your account of $500 or more during your statement cycle; OR, complete 10 Point-of-Sale (POS) transactions during your statement cycle, using your YourStyle® Visa Debit Card linked to your account.
- The bonus is considered interest and will be reported on IRS Form 1099-INT. Consult your Tax Advisor.
Avoiding Fees
YourStyle/eAccess Checking
Effective December 1, 2020, in addition to the required account usage to avoid the monthly maintenance fee, a minimum account balance of $1,000.00 is required during the monthly statement cycle.
This has a $10 monthly fee, but it can be waived if you do any of the following:
- Receive a direct deposit of $500 or more each statement cycle
- Maintain a monthly average balance of at least $1,000
- Make at least 10 point-of-sale transactions with your Visa® Debit Card
- make Mobile Check Deposit(s) totaling $500 or more per monthly statement cycle
Given that the direct deposit or debit card transactions are required for the bonus this shouldn’t be an issue for most people.
YourStyle Plus
This account has a $20 monthly fee. This is waived when you maintain $20,000 average Monthly Balance with YourStyle Plus Checking and a YourStyle® Plus Money Market account or High Yield Savings account AND you have a Direct Deposit(s)totaling $1,000 or more during your statement cycle OR, you have Mobile Check Deposit(s) totaling $1,000 or more during your statement cycle OR, complete at least 15 Point-of-Sale (POS) transactions during your statement cycle OR eligible Investors Financial customer. First Month after account opening the Service Fee is Waived.
Early Account Termination Fee
I was unable to find any fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
Really hate bank bonuses that are spread over multiple months like this. The upside is that you can do it without a direct deposit, but 10 point of sale transactions monthly is still a real pain. I guess self check out one item at a time is an option, but still annoying. I’ll be adding this to our best checking bonus list but lower than it normally would be due to the 10 month requirements.
Big thanks to reader, Ilya Uts who let us know. Learn how to find bonuses and contribute to the site 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
Post history:
- Update 9/2/19: Looks like the bonus has been extended, but there is now no end date listed.
- Update 8/25/19: Deal has been extended through September 1, 2019.
- Update 4/5/19: Deal is back and extended until June 30th, 2019.
- Update 12/14/18: Deal is back and valid until 3/31/19. Hat tip to IS250
- Deal is back, but it’s no longer being advertised online. Hat tip to reader Mark.
Did anyone get their bonus for February?
Oops, 10 months was up in January, so I should have closed the account in early February.
I logged into my Citizens account and noticed that there was an extra checking account in my profile. Did some digging and it looks like it’s an Investors account that I closed in June 2022. Tried to call Citizens to see what’s going on but wait time to speak to a rep is >60 minutes. Incredibly annoying. Anyway, this is a PSA to everyone to check that any recently closed Investors accounts haven’t been resurrected with Citizens.
Update: I got through to a rep and she said that despite showing in my profile, my old Investors account is still closed. She couldn’t explain why the account was showing but said it should disappear from my profile in 60 days.
I received 2 separate emails for this comment from
Bertrand. This has happened in the past but I didn’t mention it because it wasn’t that frequent. This likely glitch seems to be happening a lot more lately.
Well, this is nice. I got a spam/phishing email sent to my investor’s bank email account (I have unique email addresses for everything, from banks, to shopping, etc. So I know who could be selling my email or what not). Not cool IB, not cool.
What did the email say and how did they address you? It could actually just be spam or phishing, just like you said.
it is spam/phishing, but the point is how they got my email in the first place. Only IB knew of the email, so what are they doing/not doing.
I was asking for the email details to see if it sounded more like a random spam attack, or if it sounds like they truly got your info from your bank. For instance, if your email address is Jason_08 and they referred to you as Jason_08, they probably used a script to generate a list of what they believe might actually be real email addresses. Also, if your bank sold your info, they’d likely sell them your real name, too.
Sometimes, spammers create their own emails lists by generating random email addresses. This is the same way that some hackers gain access to your accounts by constantly trying to log in with different random strings of texts.
Also, phishing is when someone tries to trick you into revealing certain things, like passwords. So, if that happened, there’s a big chance that they don’t have a legitimate business relationship with your bank. If you think that they’re targeting you bc of your bank, I’m sure that your bank would want to know.
Your bank likely has something in their privacy policy about who they can share your info w, too.
Sorry. Didn’t mean to turn this into a mini-course on spam/phishing. LOL.
Received a letter from Citizens dated 2/13.
“After your account is converted to Citizens, instead of being paid a monthly reward, you will receive a one-time final payment deposited to your eligible account by the end of February. This payment will equal to the maximum amount that you could potentially earn, regardless of meeting eligibility requirements, based on the number of remaining months of your checking rewards program.”
Unfortunately I closed my account last week. Would’ve received two more payments ($50).
Got this letter today. Sorry you closed your account. I still have my account opened, so I will take my reward and then close the account next month.
Interesting. P2 and I closed our Investors accts last month, not wanting it to interfere with future Citizens’ churn. Par for the course as of late. I think end of January and then February would have been my last payment anyway though.
At least they did the right thing. Too bad they did not notify everyone of this sooner. I had closed my account in January. I had received 9 out the 10 payments. I forfeited $25.
01/23 – email: Get ready to transition to Citizens.
Feb. 17 at 5pm – Feb. 20 at 5pm No banking access.
Feb. 20 – begin using your new Debit
Feb. 21 – enroll in online banking.
Feb. 28 – Investors Debit will be deactivated.
I still have 2 months left of the $25 mo. bonus’
I guess we will see, I didn’t read anything about that in the email or the paper package sent via USPS.
Citizens sent out the conversion package. Looks like they are converting these Investors’ accounts to One Deposit checking. I’d assume you could get one more round of $25 bonuses if still using this account, but I didn’t read it all. At best, you get one for Feb too, but I doubt it since the account will be converted before the end of the month. I saw no mention of how that $25 bonus would work, so I take that it doesn’t work.
I closed p1 & p2 Investors’ accounts on 1/4/23 in preparation to sign-up for another round of Citizens bonuses. Since the letter was generated on 12/2/2022, our accounts were included in the mailing list. Hoping it doesn’t interfere with my plans & the Citizens bonuses.
Still chugging along, 2 more months to go on Round 3. Assuming there won’t be any issues even with Citizens looming overhead.
Per an email Citizens Bank sent out today to Investors Bank account holders…”the transition to Citizens is complete in February 2023″.
I’d bail out in December or January if you don’t want your Investors Bank account ownership to affect Citizen Bank bonuses. No guarantees it still won’t have an impact though, which sucks.
ieatdogfood
Per note on the Investors Bank website… “Investors Bank will soon become Citizens. (Investors Bank…) Online account opening will no longer be available starting 11/29.”
Probably best to bail out in early December. I will miss my $20 rewards.
ieatdogfood
That makes sense. I called Investors and asked if the monthly bonus will continue to happen once my checking account is merged with Citizens. They said that they did not have a definitive word on that yet. I highly doubt that the bonus will continue.
January will be my 10th month of getting the bonus. I will probably stick it out with Investors until then and hope for the best.
I decided to do the same. I plan to close Investors ASAP Jan 2nd-3rd… and open Citizens sometime after the 6th. It’s not my 10th month, but I want to churn Citizens in January. It’s a risk, but I am taking it.
https://www.doctorofcredit.com/ct-de-ma-mi-nh-nj-ny-oh-pa-ri-vt-citizens-bank-400-checking-bonus-2/
If the Citizens/Investors merger plays out as the Suntrust/BB&T merger did, there will be some chaos, and no new promos/bonus offers will be issued for several months. This one should be smoother though because only the Investors’ accounts are being modified. In theory, only the Suntrust accounts were merged into BB&T with a new name.
I did pull my EWS report to verify my date of last Citizens account (July 6th) closure. I also noticed that Investors is not listed as an EWS bank, so they haven’t done any behind-the-scenes merging yet.
*deleted (meant to post in new Investors bonus thread)
Can anyone find the language on their site anywhere that mentions the $250 for opening the YourStyle account? I don’t see it, and I recall you didn’t need any special link or promo code for them. I’m looking to churn this(my account was closed in Nov 2021), P2 just wrapped up the 10th $25 payment.
Also for those of you who are churning, when you do the application do you pick that you are an existing customer, or that you are a new customer? My old login credentials still work and I can get in, just doesn’t show any accounts. Wondering if that messes things up, or if you proceed as a new customer and just do entirely new login credentials.
Are all the offers expired? I don’t see any bonus mentioned.
NooooooOOoOoooOoOoo!!!! I was hoping to get denied for the dozenth time. Third churn was a total fail.
Yeah, we knew it was coming… Sorry. Guess just prep for the next round with Citizens if in their footprint, or able to visit a branch.
William Charles might want to mark as expired.
The good news is you don’t have to guess when to hop off because I am going into month two of a $25 10-month obligation and assume I am destined to merge with Citizens.