[Expired] [IL & In Branch Only] State Bank of Bement $100 Checking Bonus

This bonus has expired, click here for other State Bank of Bement bank bonuses or here for the best current checking bonuses.

Offer at a glance

Maximum bonus amount: $100
Availability: In branch only, all branches are in IL [Branch locator]
Direct deposit required: Yes, no minimum specified
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
Expiration date: March 31st, 2018

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct link to offer

State Bank of Bement is offering a $100 checking bonus when you open a new checking account and complete the following requirements within 60 days of account opening:
- Qualifying direct deposit must be received
- Enroll in eTouch24 online banking
- Make a total of 20 qualifying transactions:
  - Debit card [How to meet debit card transaction requirements]
  - Online bill payments

The Fine Print

Your checking account must remain open and in good standing (no overdrafts or returned items) in order for you to receive the reward, which will be credited to the eligible account within 60 days after all conditions have been met and will be identified as “Kick Start Promo Reward” on your monthly statement.
A qualifying Debit Card purchase is defined as any Debit Card purchase made at point of sale using your signature or PIN, or a purchase made electronically or online using your debit card number, including recurring payments.
A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into your State Bank of Bement checking account. The total amount of all qualifying Direct Deposits credited to your checking account must be at least $1,000. Credit card cash advance transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify as Qualifying Direct Deposits.
New account will not be eligible for the offer if any signer has signing authority on an existing State Bank of Bement consumer checking account, or has closed a checking account within the past 90 days.
If multiple accounts are opened with the same signers, only one account will be eligible for the premium.
For this offer, signing authority will be defined by the customer name(s) and social security number(s) registered on the account.
Offer may be extended, modified or discontinued at any time and may vary by market.
The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you.

Avoiding Fees

Both the green rewards and advantage checking account have no monthly fees to worry about. I was unable to find any fee schedule so I’m unsure if any early account termination fee is charged.

Our Verdict

Not a very good bonus at all, only $100 and it requires opening in branch and the bonus requirements aren’t exactly easy to meet either. Personally I wouldn’t recommend this unless you live very close to a branch and have already done all of the much better bonuses that are available.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

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