[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.

Useful posts regarding bank bonuses:
    William Charles
  • On September 28, 2021, 10:00
Tags: direct deposit requirednationwide bank bonuses

View Comments (279)

  • 10/7/21 opened account
    -funded 500 w/ boa premier cc; coded as purchase
    10/xx/21-additonal ach push of 10K
    Multiple issues with accessing account online; finally cleared up after many calls to CSR.
    01/12/22: $300 bonus received
    01/13/22: transferred all but 0.49 out
    CSR confirmed that 0 balances are closed automatically in one month
    Kept open 6 months
    04/14/22: called to closed. CSR said bank will keep the 0.49 remaining.

    Overall, a pain to deal with, but worth it for $300.

  • I got the bonus on 01/05, withdrew all money. I planned to close the account after the 6-month mark but just found it was automatically closed at some point. I can still log in with my credentials but it's empty.
    Well I guess that works too.

    • I hope so. Amerant couldn't get SMS 2FA correctly (aka phone number needed 1 in front otherwise it won't work), and I never did that and now I can't even login since it'll only asked for my phone and not my email. It used to use my email for code.

      • Further update. I was able to contact Amerant via email from an old email contact that I asked them before. They were able to fixed the SMS issue, and I was able to login. email contact was OnlineAccount@amerantbank.com

        I'd empty out my account back in Jan 15th, and I guess 2 months later, they auto-close it and now i got no account. My 6 month was in april 9th anyway.

        Online portal still accessible.

  • I'm getting pushback from Amerant on the bonus, even though I maintained over 10k in 2nd & and 3rd statement cycles. Would appreciate if someone can post the full promo screenshot, that includes this language " Maintain an average balance of $10,000 on your 2nd and 3rd statement cycle and have your account open for 90 days."

    • Crap. No bonus yet. Going by everyone else's DPs, I figured mine would post Wednesday night.

      How long should I give them before I reach out? Here's my DP:
      11/4 - Account opened
      11/15 - End of first statement
      11/19 - $10k posts
      11/26 - First legit $50 direct deposit posts (DD biweekly)
      12/15 - End of second statement

      Still have 10k in account. DDs continue.

      @guest_1326314 @guest_1259240 @guest_1259144 @guest_1259230 @guest_1262497 @guest_1259331 @guest_1265443 @guest_1308737 @guest_1309731 @guest_1310132 @guest_1310106

      • Hope this helps:

        9/28 - Opened in branch
        10/17 - End of first statement
        10/21 – $10k posts
        10/26 – 4 debits
        11/15 – End of second statement
        12/15 – End of third statement
        12/29 - Bonus posted

        I did one legit DD each month.

        • Thank you. I just checked this morning and it posted! Guess they decided to not follow the Wednesday payout as they have been doing.

  • They pulled my chex report 3 times...
    I opened on 11/4/21 and they pulled on 11/4, 12/3, and 12/14!

    Check your reports

  • Anyone get a 1099 from this? My bonus posted 12/29/2021 but I've gotten nothing in the mail and nothing in the "tax document" section in online banking.

  • 10/11: Account Opened
    10/17: 1st monthly statement (avg balance: $333)
    10/22: Employer DD
    10/25: $10,000 Deposited
    11/9: Employer DD
    11/15: 2nd monthly statement (avg balance: $9630)
    11/24: Employer DD
    12/6: Employer DD
    12/15: 3rd monthly statement (avg balance: $11,200)
    1/12: $300 Bonus

    I guess this confirms that you do not actually need 2 consecutive statements with >$10k average balance.

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