[Expired] [IA] Quad City Bank & Trust $100 Checking Referral Bonus

Deal has ended and is now $50 instead of $100. Can view more bank account bonuses by clicking here.

Update 10/3/23: Extended until 10/31/23.

Offer at a glance

• Maximum bonus amount: $100
• Availability: IA only
• Direct deposit required: No, says ACH transaction
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: September 30, 2023

The Offer

Direct link to offer

• Quad City Bank & Trust is offering a $100 referral bonus when you open a new checking account and complete the following requirements:
  • the account has been open a minimum of 30 days
  • a reoccurring ACH transaction has occurred
  • the debit card has been used and the account has a positive balance.

The Fine Print

• $100 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
• Requirements must be met within the first six months.
• Account must be active at the time bonus is paid and will be applied as a credit to the new account.
• Only new consumer checking account clients are eligible. Cannot be combined with any other offers.
• Employees are ineligible.
• Minimum opening deposit requirement is $100, with the exception of Quad City Preferred (minimum $1000 to open).
• The current client will receive a $100 credit into their QCBT checking account only after the new client has met these requirements.
• Referral slip also serves as a one-time waiver of new client’s privacy rights as detailed in the bank’s privacy policy as the referral source will be aware of this account opening.
• New clients may not combine this with any other promotion.
• Bonuses are unlimited per client and will be reported to the IRS as applicable.
• Promotion valid June 15, 2023 – September 30, 2023
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Free checking account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Feel free to share your referrals in the comments below, just also share if it’s a hard or soft pull.

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