[Expired] [AZ, CO, OK] First Fidelity Bank $500 Checking & Savings Bonus

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

Update 7/13/24: Deal is back, no end date. Terms now state ‘Offers are only available to Oklahoma, Arizona, and Colorado residents’. Hat tip to JimmytheGreek

Offer at a glance

• Maximum bonus amount: $500
• Availability:Offers are only available to Oklahoma, Arizona, and Colorado residents
• Direct deposit required: Yes
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: 90 days, $30
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• First Fidelity Bank is offering a bonus of up to $500 when you open a new checking & savings account. Requirements are as follows:
  • Get $200 when you open a new freestyle checking account. Complete one of the following:
    • Complete ten (10) POS debit card transactions of at least $10 each.
    • (2) Set up a monthly recurring direct deposit of at least $250 each.
  • Get $200 when you open a new traditional savings account and complete the following requirements:
    • Deposit a total of $15,000 new money within twenty (20) business days of account opening
    • Maintain a $15,000 balance for a minimum of ninety (90) days from account opening.
  • Open both a checking & savings account and get an additional $100

The Fine Print

• Offers only good for new Freestyle Checking and Traditional Savings accounts for new First Fidelity Bank (FFB) customers.
• Checking and savings account bonus offer not available to existing First Fidelity Bank (FFB) customers.
• Both offers are not available to those whose accounts have been closed within 90 days or closed with a negative balance.
• Offer limited to one Freestyle Checking and one Traditional Savings account type per household.
• May not be combined with other offers.
• All account openings subject to approval.
• $100 minimum required each to open a new Freestyle Checking and Traditional Savings accounts.
• Bonus is not considered part of the minimum opening deposit.
• To receive the $200 checking bonus, you must complete one of the following within sixty (60) days of checking account opening:
  • (1) Complete ten (10) POS debit card transactions of at least $10 each. ATM transactions not eligible.;
  • (2) Set up a monthly recurring direct deposit of at least $250 each.
• $200 bonus will be deposited into your checking account within ten (10) business days once all account requirements are met.
• To receive the $200 savings bonus, all of the following conditions must be met:
  • (1) Deposit a total of $15,000 new money within twenty (20) business days of account opening;
  • (2) Maintain a $15,000 balance for a minimum of ninety (90) days from account opening.
• $200 bonus will be deposited into your checking account within ten (10) business days once all account requirements are met.
• If account falls below $15,000 within the first ninety (90) days of account opening, the bonus will be debited from the account.
• Additional $100 bonus will be paid upon opening new Freestyle Checking and Traditional Savings on the same day.
• Once all account requirements are met for both accounts, the additional $100 bonus will be deposited into your new checking account within ten (10) business days.
• Bonus cash is considered interest and is reportable on IRS form 1099-NT (or Form 1042-S, if applicable).

Avoiding Fees

Monthly Fees

Freestyle checking account has no monthly fee. The traditional savings account has no monthly fee as long as you have $200 in the account.

Early Account Termination Fee

If the account is closed within 90 days a $30 fee is charged.

Our Verdict

Seems like a relatively good bonus especially as no direct deposit is needed, just needed to know if it’s a hard or soft pull.

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