[IA only] Community Bank & Trust $300 Checking Bonus, Direct Deposit Not Required

Offer at a glance

• Maximum bonus amount: $300
• Availability: IA
• Direct deposit required: Optional
• 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: November 30, 2024

The Offer

Direct link to offer

• Community Bank & Trust is offering a $300 bonus when you open a new checking account and complete the following requirements:
  • Use promo code COZY300
  • Receive a a reoccurring direct deposit or direct debit is set up with a minimum of $250 per month, posted per statement cycle
  • The debit card has been used at least once during that same statement cycle

The Fine Print

• 300 bonus will be paid within 30 days after the following occur: 1) Open a new checking account, which is subject to approval; 2) a reoccurring direct deposit or direct debit is set up with a minimum of $250 per month, posted per statement cycle; 3) The debit card has been used at least once during that same statement cycle.
• Direct deposits examples are an electronic deposit of your paycheck, pension or government benefits from your employer or the government. Person to person payment (such as Zelle, Venmo or Cashapp) are not considered a direct deposit.
• Direct Debit examples would be a car payment, mortgage, rent payment or another household bill. Additional terms of this bonus offer include:
• Account must be opened a minimum of 30 calendar days, be active and have a positive balance at the time bonus is paid, which will be applied as a credit to the new account.
• Requirements must be met within 6 months of account opening.
• Client cannot have a previously closed CBT checking account with the past 12 months.
• Only new checking clients eligible.
• BankOn Checking and Health Savings Accounts are not eligible for bonus offer. Cannot be combined with other offers.
• Account only eligible for Iowa residents.
• Promotion ends 11/30/2024 and is subject to change without notice.
• 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.

Early Account Termination Fee

I’m unsure if there is any early account termination fee as I was unable to find the fee schedule.

Our Verdict

Looks like you can use a referral and still get a $300 bonus? Feel free to share your referrals in the comment along with if it’s a hard or soft pull to open.

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