[Expired] Incredible Bank $175 Checking & $100 Money Market Bonus – Available Nationwide

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Offer at a glance

• Maximum bonus amount: $275
• Availability: Nationwide
• Direct deposit required: Yes, $300+
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: None/$10 and avoidable
• Early account termination fee: $10, 90 days
• Household limit: None listed
• Expiration date: November 15th, 2019

The Offer

Direct link to offer

• Incredible Bank is offering up to $300 in bonuses, broken down as follows:
  • Earn $175 when you open a new checking account with promo code TOASTER ($100 minimum at account opening) and establish a recurring direct deposit of $300 or more within 45 days and download the mobile app for incredible bank
  • Earn a $100 bonus when you open a new money market account with promo code TOASTER. Must fund with at least $10,000 and maintain that balance for at least 90 days

The Fine Print

• Offer expires and is limited to accounts opened online through 12:00am CST, November 15, 2019. Existing customers are eligible if you open one of the specified accounts with new money; opening deposits cannot be transferred from existing accounts at IncredibleBank. IncredibleBank employees and affiliates are not eligible for bonus offers. Offer is subject to change at any time.
• Qualified bonuses will be deposited into your new IncredibleBank account between January 5 – 8, 2020.
• Visa® Real Rewards bonus will be awarded after your first purchase, redeemable as 2,500 rewards points (a $25 value).
• IncredibleBank Checking Bonus:
  • To receive the $175 bonus, you must: open online with a minimum deposit of $100 using promo code TOASTER; establish a recurring payroll direct deposit of $300 or more and is required within 45 days of account opening; and download the mobile app for IncredibleBank. One IncredibleBank Checking Bonus per customer.
• IncredibleBank Money Market Bonus:
  • To receive the $100 bonus, you must: open online with a minimum deposit of $10,000 using promo code TOASTER, and the account must remain open with, and at least maintain, that balance for at least 90 days. One IncredibleBank Money Market Bonus per customer.
• Visa® Real Rewards Bonus:
  •  Offer is subject to credit approval and applies only to the Visa® Real Rewards card. To receive the rewards bonus, you must: be 18yrs or older; and make a purchase within 45 days of card approval. Visa® Real Rewards Credit Card: You will earn 1.5 Reward Points (“Points”) for each dollar of eligible net purchases made with your account within a billing cycle (equal to 1.5% cash back). Monthly net purchase points will be applied each billing cycle. Points expire five years from the end of the quarter in which they are earned. One Visa® Real Rewards Bonus per customer.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Checking account has no monthly fee to worry about. Money market account has a $10 monthly fee, this is waived with a minimum balance of $5,000.

Early Account Termination Fee

There is a $10 fee if the account is closed within 90 days.

Our Verdict

Credit card bonus isn’t worth considering as it’s only for $25 and will result in a hard pull. The checking bonus is worth doing as the requirements are fairly easy to meet. The money market account earns 0.5% APY on balances of $10,000+. This with the $100 bonus basically means you’d be earning 4.5% APY during the 90 day period, good but not great. Probably not worth it for most people, but will vary based on what high interest accounts you have. I’ll add these to our lists of the best bank account bonuses.

Hat tip to reader IS250

Useful posts regarding bank bonuses:

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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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