Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $200
- Availability: Florida or South Carolina only
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/Soft Pull:Â Soft pull
- Chex Inquiry:Â Yes
- Credit Card Funding: Yes, $500 Limit
- Monthly fees: $5, avoidable
- Early account termination fee:Â None listed
- Household limit:Â None
- Expiration date:Â Must complete 5 debit card purchases by 2/15/22
Contents
The Offer
- Grow Financial is offering a $200 checking bonus when you open a Grow CashBack Checking or Grow Checkless Checking and complete the following requirements:
- Open a savings account and a checking account
- Obtain a debit card
- Make five (5) Grow Visa debit card purchases totaling $200 or more by 02/15/2022
The Fine Print
- To qualify for the bonus, you must open a Grow CashBack Checking or Grow Checkless Checking Account online.
- Accounts opened at our stores will not be eligible for the bonus.
- This offer is not available to existing Grow Financial members, only one bonus per person.
- This offer is limited to individuals residing in Florida or South Carolina only.
- To receive the bonus: 1) Open a savings account and a checking account; 2) obtain a debit card; and 3) make five (5) Grow Visa debit card purchases totaling $200 or more by 02/15/2022.
- Qualified Visa debit card transactions include signature or PIN-based point-of-sale purchases, bill payment made with your Grow Visa debit card, and online purchases. Excludes ATM withdrawals, transfers and deposits.
- After you have completed all the above requirements, we will deposit the bonus in your account no later than 04/01/2022.
- Your checking account must remain open and be in good standing in order to receive the bonus.
- This offer is effective as of 12/31/2021 and subject to change without notice at any time.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Grow checkless account has a $5 monthly fee. This is waived if you do any of the following:
- Â You are a minor (younger than 18 years old)
- You have a Grow Checkless Checking Account
- You have a Grow loan
- You have a Grow Visa® credit card with 5 or more
monthly transactions or an outstanding balance - You have a Health Savings Account (HSA)
- You maintain an average monthly account balance of $200 or more (average monthly balance is defined as the average balance for all shares)
- You maintain an average monthly balance across multiple accounts of $400 or more (multiple accounts is defined as having two or more primary membership accounts)
Early Account Termination Fee
According to the fee schedule, there is no EATF.
Our Verdict
Seems like a great deal. We will add this to our list of the best checking account bonuses.
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
