Deal has expired, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â MN only
- Direct deposit required:Â Yes, no minimum specified
- Additional requirements: 3 online bill payments
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $100 with Visa or Mastercard
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- Flagship Bank is offering a bonus of $100 (and they will make a $100 donation to the Randy Shaver cancer research & community fund) when you complete the following requirements within 90 days of account opening:
- Set up direct deposit
- Make at least 3 online bill payments
The Fine Print
- Qualifying activity includes three online bill payments using Flagship’s online bill payment system, and one direct deposit.
- $50 minimum balance required to open account.
- Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
- All requirements must be met and qualifying activity must be initiated and post to the account within 90 days of account opening to obtain $100 bonus.
- Bonus will be deposited to the account within 6 weeks of completing requirements.
- Bonus may be taxable as income and reported on IRS Form 1099-MISC.
- Fees may apply. Contact a personal banker for details.
- Not valid with any other offer. Member FDIC.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule
Our Verdict
Relatively small bonus, probably not worth it for most people but it’s nice that they also donate $100 to charity. That being said considering it’s a soft pull and there’s a small amount of credit card funding we will be adding this to our list of the best checking bonuses.
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
Deal has expired
9 Sept 2019 – Opening deposit by Visa CC ($0 avail for cash adv), posted as purchase ($100)
9-11 Sept 2019 – Paid bills using bill pay service, 5 payments ($1 each) to three CCs
9-13 Sept 2019 – Set up trial deposits from USAA, Discover and PenFed
11 Sept 2019 – Deposited cash back bonus from TD Cash Back CC, counted as a DD ($206)
21 Oct 2019 – MN Strong Bonus Payout ($100)
Notes: TD CC discussed here…
https://www.doctorofcredit.com/td-cash-rewards-visa-150-sign-bonus-500-spend/
“Account Closing (if open less than 6 months) $25.00”
07/01 – Opened account
07/08 – x3 bill pays
07/11 – $250 employer DD
08/20 – $100 payout
Just under six weeks, per the terms. Fast and easy.
This bank has CC funding, but a limit of $100. Visa and MC only, no AmEx. CFU coded as a purchase. No hard pull when I opened the account and doesn’t seem to be Chex sensitive.
How many accounts you opened in the last 12/24 months?
21 in the past 12 months, 34 in the last 24 months.
$100 in credit card funding max. Pretty easy approval, took less than 5 minutes.
I’d pursue this bonus if credit card funding was an option. I’ll report back if I go through with an application.
$100 CC funding max