Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â Persons who live, work, worship, or attend school within the 33 county field of membership are eligible to join Greater Iowa Credit Union: Â Story, Polk, Dallas, Warren, and Crawford. Contiguous Counties: Wright, Franklin, Butler, Woodbury, Ida, Sac, Calhoun, Webster, Hamilton, Hardin, Grundy, Monona, Carroll, Greene, Boone, Marshall, Tama, Harrison, Shelby, Audubon, Guthrie, Jasper, Poweshiek, Adair, Madison, Marion, Clarke, and Lucas
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/soft pull: Soft pull
- ChexSystems:Â Unknown
- Credit card funding: None
- Monthly fees:Â None
- Early account termination fee:Â $25, two months
- Household limit:Â None
- Expiration date: December 31, 2024
Contents
The Offer
- Greater Iowa Credit Union is offering a $300 bonus when you open a new checking account and meet the requirements for the higher APY during the 60 day period:
- At least 20 debit card purchases totaling $100
- Enrollment in estatements
- At least 1 direct deposit of $100 or more or 1 payment made via Greater Iowa bill pay from your Greater Checking account
The Fine Print
- Bonus available for new Greater Checking accounts opened by December 31, 2024 that are open for at least 60 days and meet requirements for the higher APY during the 60-day period. Additional terms may apply, see the Greater Checking Bonus Disclosure for details.
- 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 to worry about. There is a dormant account fee of $10 per month after 6 months of no activity
Early Account Termination Fee
There is an early account termination fee of $25 if closed within the first two months.
Our Verdict
Much better than the previous $100 bonus that was offered. Rare to see a bonus this big without a direct deposit being required. We will add this to our list of the best bank account bonuses.
Hat tip to ShawntheShawn
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
Not a lot of traction on this post, but adding my data point. Bonus didn’t automatically post, they tried denying me since not all 20 transactions/$100 was spent on the card in one calendar month. I had saved the disclosures and that was not one of the requirements. They did credit me the bonus but said they would be changing the disclosure going forward, so probably best to make sure all spend is done in one calendar month. The one month requirement was only for the higher interest rate, I assume they check to see if you’ve hit that to automatically credit the bonus.
10/16/24 Applied (I live within eligible counties)
10/17/24 Approved
11/1-11/30 20 debits totaling >$100 (Amazon Pepper, + local grocery store)
11/10 $125 ACH DD payment from my Chase Biz ($2.50 fee)
11/20 $100 bill pay to my P2
12/11 $300 bonus posted
10/16/24 Applied (I live within eligible counties)
10/17/24 Approved
-NO credit card funding option available.
As of 10/18/24:
-NO hard pull showing on creditkarma.
-Nothing showing on my Chex report.
Applied OOS, but they called me and said I had to come in branch to finish the application.
Is OOS allowed?
For the millionth time, BE THE DATA POINT YOU WANNA SEE