[Expired] [TX, FL] Amerant Bank $300 Checking Bonus

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

Offer at a glance

• Maximum bonus amount: $300
• Availability: Nationwide (lots of denials).
  • Approved in FL, TX
  • Denied in MI, CA, NV, UT, MO, MA, NJ, TN, CT, IL
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: $5, avoidable
• Early account termination fee: $25, six months
• Household limit: None
• Expiration date: November 30, 2021

The Offer

Direct link to offer

• Amerant Bank is offering a $300 bonus when you open a new value checking account and complete the following requirements:
  • Receive a qualifying direct deposit within 90 days
  • Maintain an average balance of $10,000 on your 2nd and 3rd statement cycle and have your account open for 90 days.

The Fine Print

• Offer not available to existing Amerant Bank customers, prior customers who have had an Amerant Bank personal checking relationship within the preceding 90 days or have been paid a promotional premium in the past 24 months.
• Limited to one checking account per new customer.
• If multiple accounts are opened with the same signers, only one account will be eligible for the bonus Applicant must be a citizen or resident alien of the United States (U.S.) who is at least 18 years old with a valid U.S. taxpayer identification number.
• To qualify for the bonus: (i) open your new Value Checking Account online at amerantbank.com OR at an Amerant Bank branch location from 09/13/2021 through 11/30/2021; (ii) have your Qualifying Direct Deposit(s) made to the account within 60 days of account opening; and (iii) maintain a minimum average balance in the account of $10,000 for 60 days following the first 30 days of account opening.
• We will deposit the bonus in your new account within 60 days after you have completed the above conditions.
• To receive the bonus, your Value Checking Account must be open and in good standing at the time of payout.
• The bonus will appear as “Cash Bonus” on your monthly statement and will be reported on the applicable IRS form as interest income.
• This promotion may be extended, modified or discontinued at any time, and may vary by market.
• 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 when you do either of the following:

• Enroll in Online Statements or monthly Direct Deposits or complete 4 Debit Card transactions per statement cycle

Early Account Termination Fee

$25 if closed within six months of account opening.

Our Verdict

I assume this account can be open nationwide, but don’t know that for sure. Bit annoying to need the $10,000 in there for two months but worth doing for a $300 bonus. We also don’t have any datapoints on what counts for direct deposit. We will add this to our list of the best bank account bonuses.

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