Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â Must Reside in the State of Colorado or Texas
- Direct deposit required:Â Yes, $1,500+
- Additional requirements:Â None
- Hard/soft pull:Â UnknownÂ
- ChexSystems: Unknown
- Credit card funding:Â UnknownÂ
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â One
- Expiration date:Â July 31, 2024
Contents
The Offer
- Independent Financial is offering a bonus of $300 when you open a new checking account and complete the following requirements:
- Receive $1,500 in qualifying direct deposits within the first 90 days
The Fine Print
- $300 bonus requirements: Offer applies to new customers only who open a consumer checking account with a $25 minimum opening deposit.
- During first 90 days from account opening, customer must make a total of $1,500 in qualifying automated direct deposits (salary, pension, social security or other regular income) in new account. Person-to-person payments and micro deposits are not eligible.
- One bonus per household. If qualifications are met, $300 will be credited to new consumer checking account within 120 days after opening.
- Bonus may be reported on a 1099-INT.
- Offer good through July 31, 2024.
- 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, there is a $2 paper fee.
Early Account Termination Fee
I wasn’t able to find the fee schedule so unsure if there is any EATF.
Our Verdict
Doesn’t seem to be working online but does seem to be working in branch. As always share any experiences in the comments below.
Hat tip to Nickelanddimeman
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
1-Jun-24 – Opened Account
15-Jul-24 – $1505 Real DD
2-Oct-24 – 120 Days since account open
8-Oct-24 – Called 800* customer care number, they mentioned some issue in the backend and will be corrected in couple of days. I also sent a secure message, but both did not work
10-Oct-24 – Called 800* again and this rep did some research and said she will contact the nearby local branch and ask them to verify and process the bonus.
11-Oct-24 – $300 Bonus posted.
DP:
05/31 – Opened Account – funded $25 with bank transfer
06/04 – Push $1,500 to TD
06/07 – Push $1,500 from TD
06/10 – Pull $1,500 to external bank
09/28 – 120 days since account opened
10/01 – Called CS – $300 manual credit will be deposited in 2/3 days
Once the bonus posts I will pull all funds and close the account.
I didn’t have the issue of a locked account, as many have reported. I used Plaid to connect (no trial deposits) and I pushed/pulled from external accounts.
If you haven’t gotten your bonus & it’s been more than 120 days – call. The requirements we’re pretty easy and you shouldn’t have a problem getting the bonus.
Maybe your process will be faster 🙂
Thanks
PaulinTexas – My bonus was posted today. I directly contacted the nearest branch yesterday via email.
Where can we find the branch email
You can call the branch directly. Look for the phone number on Google Maps and ask for an email.
Did you really contact customer service knowing you were faking DD? You’re not playing by the rules Paul in Texas. Shame shame shame.
I’m curious, why did you feel the need to call me out?
opened account on June 4th. Multiple DD’s. No bonus yet. Going to wait until next week.
Anyone have luck with duplicate bonuses not getting pulled back? I got 2 $300 bonuses and it’s been 8 days now and both are still in the account
Running sweepstakes for using debit card
Each time you use your Independent Financial Debit Mastercard® for everyday in-person purchases like groceries, gas and goods, you’ll automatically be entered for the chance to win a four-night tropical getaway for two to San Juan, Punta Cana, Cabo San Lucas or Cancun. The more you tap and swipe, the more entries you’ll receive!*
GRAND PRIZE
Four-night trip to San Juan, Punta Cana, Cabo San Lucas or Cancun
FIRST PRIZE
$500 Mastercard Prepaid® card
SECOND PRIZE
$50 Mastercard Prepaid® card
Even though the page is still up, it still shows an expiration date of July 31, 2024. Should probably be marked as expired.
William Charles
Update:
Happy to report that my bonus posted on September 9th; 3mo to the day after opening the account. Planning on draining the funds, closing the account out and giving this POS bank the finger
=====================================================================
Completed my DD requirements, using all real DDs…
Direct Deposits as follows
——————–
Total – $1600
Expecting payout by October 8… now we wait
Bonus posted, now I have -$999,99X,XXX.00 available balance! woohoo
Account opened in TX – June 7
$1500 DD – July 26
Only 1 $300 bonus was pending 9/06
Now, it’s past midnight hence 9/07…the only $300 bonus disappeared…(hoping due to nightly maintenance)
If it doesn’t show up again next Monday…Will call the branch where I opened my account.
duplicate bonuses were clawed back :*)
how long did it take for the duplicate bonus to get clawed back? It’s been 8 days for me and both are still in the account