Offer at a glance
- Maximum bonus amount: $250
- Availability: AR
- Direct deposit required: Yes
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- First Service Bank is offering a bonus of 50,000 points (worth $250) when you open a personal or business checking account.
- Personal customers must open a rewards checking account, establish a direct deposit within 60 days of account opening, and utilize their First Service Bank debit card.
- Business customers must open a business checking account, establish one treasury management service, and utilize a First Service Bank business debit card.
The Fine Print
- To qualify for the rewards bonus, personal customers must open a rewards checking account, establish a direct deposit within 60 days of account opening, and utilize their First Service Bank debit card.
- Business customers must open a business checking account, establish one treasury management service, and utilize a First Service Bank business debit card.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Early Account Termination Fee
Our Verdict
They also offer a 6.04% APY account.
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
View Comments (9)
To my surprise, this $250 promo posted w/o issue. Seriously expected some sort of battle for it :)
This bank..... The fun never stops. It's like they watched a few YT video's on how to manage a bank, and ran with.
This bank used to allow OOS individuals to apply over the phone: https://www.doctorofcredit.com/high-interest-savings-to-get/#comment-1832576
However, the bank now has a new policy and has shut the door for OOS applicants: https://www.depositaccounts.com/banks/first-service-bank.html#promo57606
I chatted with them today and the agent confirmed that they are currently not servicing out of state customers.
this ish is way too complicated anyhow
How much do you have to direct deposit?
I just called my local branch in Little Rock and they said this promotional offer is only available to existing customers who open a secondary account.
Since I'm a new customer, I was told I wasn't eligible.
That's a bummer!
But according to the promotion page, "New customers or businesses" joining the program receive a special bonus of 50,000 points and double the points earned for the year.
Any OOS luck before with this bank?
I opened their money market OOS a month ago.