[AL only] Bank Independent $200 Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: All branches are in AL
• Direct deposit required: Yes, two direct deposits
• Additional requirements: 5 debit card transactions and online banking
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: One
• Expiration date: None

The Offer

Direct link to offer

• Bank Independent is a bonus of $200 bonus when they open a new checking account and complete the following requirements:
  • Have at least two recurring ACH direct deposits posted to your new personal or business checking account within 60 days of account opening
  • Maintain the account in good standing for 60 days from account opening

The Fine Print

• One per customer or household.
• To earn the $200 bonus, you have at least two recurring ACH direct deposits posted to your new personal or business checking account within 60 days of account opening.
• To receive the bonus, code should be given to relationship banker at account opening or entered into appropriate field if opened online.
• 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 no monthly fees to worry about.

Early Account Termination Fee

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

Our Verdict

Better than the previous $150 business bonus that was offered. It looks like account opening works out of state, but unsure if the bonus will post. Also says you need to enter a code but doesn’t provide one?

Hat tip to Smurfit

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