[MN] ThinkBank $200 Checking Bonus

Extended until April 28, 2025.

Update 12/31/24: Extended until March 3, 2025

Offer at a glance

• Maximum bonus amount: $200
• Availability:  MN
• Direct deposit required: Yes, two of $2,000+
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $15
• Household limit: None
• Expiration date: December 30, 2024

The Offer

Direct link to offer

• ThinkBank is offering a $200 bonus when you open a new checking account and complete the following requirements:
  •  Open an eligible checking account with a minimum deposit of $50 by December 30, 2024.
    
  •  Within 60 days of account opening, receive two or more direct deposits totaling $2,000 or more and make 10+ Think debit card purchases (non-ATM).

The Fine Print

• Bonus Offer/Account information: Offer available to first-time checking customers age 18+. Existing checking customers ineligible to receive bonus.
• Customers with a closed a Think checking account during the prior three months are ineligible to receive bonus.
• To receive the $200 bonus: 1) Open a new eligible checking account with a minimum opening deposit of $50 through December 30, 2024. 2) Receive a minimum of two ACH credits/direct deposits to your new account totaling $2,000 or more within 60 calendar days of account opening (qualification period). 3) Use your Think Debit Card for 10 or more non-ATM card transactions that post and settle within 60 calendar days of account opening (qualification period).
• After the 60-day qualification period passes, Think determines if you have met the offer requirements and deposits any earned bonus into your new checking account within 30 calendar days or donates it to the designated charity if requested.
• Any bonus deposited to an account is reported on a 1099-INT.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Direct Interest Checking has no monthly fees.

Early Account Termination Fee

According to the fee schedule there is a $15 fee.

Our Verdict

Need to know if there is a hard or soft pull.

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