Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $100
- Availability: IA only
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None
- Expiration date: December 31, 2021
Contents
The Offer
- Hills Bank is offering a $50 checking & $50 savings bonus.
- Get $50 when you open a checking account with promo code FREE50
- Get $50 when you open a savings account
The Fine Print
- Offer expires 12/31/2021.
- New customers only.
- Must open a new Free Checking with this promotion to qualify for the Free Savings bonus.
- Limit one Free Checking bonus and one Free Savings bonus per customer and not valid with any other offer.
- Fees may reduce earnings.
- Bonus paid when coupon is presented at account opening or within 5 days for online accounts and may be reported as interest.
- No minimum balance required to obtain bonus.
- Subject to credit approval.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Neither the savings or checking account has a monthly fee to worry about.
Early Account Termination Fee
I wasn’t able to find any EATF in the fee schedule.
Our Verdict
Worth doing if it’s a soft pull as there are no requirements to get the bonus other than using the promo code.
Hat tip to 北美羊毛快报
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
DP: submitted in-state application for checking and savings on 8/28. Got a hard pull on Equifax today. Still no word on application status.
Thank you for the data point! Passing on this one now.
I submitted an OOS application on 8/22 and received an email saying “We will email you in a couple of days when we’ve processed your application.”
I have not received anything from them since then and I can still pull up my application by selecting “Resume an application”. Either they take a long time to process applications or I’m in some sort of application limbo. I might try calling to see what’s going on.
Update: I received a hard pull on Equifax on 8/30.
Thank you for your sacrifice! I’ve been waiting for the update but won’t be applying now for a paltry $100 bonus. Hard pulls for bank accounts are fucking ridiculous!
Wow, I had to jump through quite a few hurdles but I was finally approved and my checking account was opened on 9/14. I did not want to give up on this one and waste a hard pull.
$50 bonus posted the same day on 9/14 even before my $500 CC funding arrived on 9/16.
I asked if opening the savings account would trigger another hard pull and their response was: “We would not re-pull credit for existing customers if additional accounts are opened in branch or via live chat. The web page and open an account within online banking both do a credit pull as part of the process.”
I will try to open the savings via live chat and see if the $50 bonus for that posts immediately as well. I did notice that the offer webpage is no longer working…not sure if they pulled the offer early or not.
I was able to open the savings account via chat without an additional hard pull. The bonus did not post automatically so I sent a SM asking about it after 5 days went by. They replied the next day and credited my savings account $50.
Also, the debit card will not work unless used at an ATM first, even though there’s a number to call and activate it and set the PIN.
I’m wondering if surrounding states can open an account or not like the Frontier Bank bonus earlier this year.
How do you know this is only for Iowa residents? I don’t see anything about that in the terms and it lists all of the states on the 1st page of the app. I didn’t proceed though.
All locations are in IA, if other states work let me know
Lots of Iowa banks required a branch visit to open the account.
I wonder is it possible to open this checking and saving accounts online?
Thanks.
It shows “APPLY ONLINE”. Are you saying that other Iowa banks show that but eventually make you come in to finalize the account opening?
Yes