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Offer at a glance
- Maximum bonus amount: $200
- Availability: Offer available for accounts opened in the Louisville Market only. Maybe Kentucky, Southern Indiana, Indianapolis, Cincinnati?
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $200 with Visa, Mastercard or American Express
- Monthly fees: $5, avoidable
- Early account termination fee: $25, 90 days
- Household limit: One
- Expiration date: August 31, 2024
Contents
The Offer
- Stock Yards Bank & Trust is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Use promo code CHECKING200 at opening
- At least ten (10) Point of Sale (POS) purchases of $5.00 or more
- At least one (1) direct deposit or ACH payment must post and clear the account
- Enrollment in eStatements
The Fine Print
- To be eligible, you must enter the referral code shown below when applying online, or mention this offer and referral code when applying in a branch.
- To earn the $200 bonus the following activities must be completed within 90 days of account opening: At least ten (10) Point of Sale (POS) purchases of $5.00 or more must post and clear the account, at least one (1) direct deposit or ACH payment must post and clear the account, and enrollment in eStatements (online banking required).
- Bonus will be credited 90 days after account opening if all requirements are met. Account must be open and in good standing at the time the bonus is paid.
- Bonus will appear on your statement as a Promotional Rebate – The value of the bonus may be reported on the appropriate Internal Revenue Service (IRS) forms, and may be considered taxable income to you.
- Please consult your tax advisor regarding your specific situation.
- Offer available for accounts opened in the Louisville Market only.
- Offer available to new consumer customers only; current customers are not eligible.
- Offer limited to one bonus per household per calendar year.
- Offer subject to change without notice and may be terminated or extended at any time.
- Minimum deposit required to open account and is based on the type of account opened.
- Some accounts have a minimum balance requirement to avoid a monthly service charge.
- Speak to a banker for details.
- Must open account by August 31, 2024.
- Restrictions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Smart checking has a $5 monthly fee.
- $2.50 rebate with eStatements
- $2.50 rebate if one direct deposit OR electronic payment (ACH) posts during the statement cycle
Early Account Termination Fee
$25 if closed within 90 days according to the opening docments.
Our Verdict
If anybody signs up please share if it’s a hard or soft pull in the comments below.
Hat tip to Woody
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
View Comments (19)
Paid right at 90 days. If they offer similar in future, just being in their service area works. It was not specific to Louisville.
They opened my account, closed my account, then withheld $25 dollars when they sent me back a check.
Is there a place to enter the code? I couldn't find it.
I couldn't find it either. After sending a secure message I ended up going to a branch. They also seemed confused but I think they eventually got it worked out.
Applied in Louisville, 200 CC Funding pending on Ink Unlimited as sale. Received email saying application was under review. Locked myself out of chex trying to log in to see if they pulled, will update with result.
In market zipcode will bypass splash screen. OOS approval. $200 CC funding amex/visa/master/discover
Did they do a Chex inquiry?
OOS using zip code went pending application. Chex hardpull, credit softpull. $200 CC funding pending as sale via CIP.
account approved, went to do an ACH, and it bounced. They shut the account down citing "out of area" and that my "email address was located in another country". I filed a CFPB. The offer terms did not have a "service area" and out of country email is a load of crap. An email can not be "out of country."
Did you miss this key part of the terms?
"Offer available for accounts opened in the Louisville Market only."
I applied using a branch zip code. Chex pull, no HP. $200 CC funding with CIP listing as sale currently.
OOS went through but application needs to be reviewed.
Received email saying denial: to visit in branch.
The offer terms show "Offer available for accounts opened in the Louisville Market only.". That doesn't mean that they won't open accounts for OOS, just that the bonus isn't available for accounts opened OOS.
Are you banking on them not enforcing that?
OOS?
Don't just spam every thread with OOS, if you're not willing to do the research yourself just wait for others.
How do I research with no DPs?
You patiently wait for somebody to provide the datapoint or you provide it yourself. Asking in every thread isn't useful.
EATF stated as $25/90 days in opening docs.
hard pull or no?