[Expired] [ND, WI only] Starion Bank $250 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $250
• Availability: North Dakota, Wisconsin
• Direct deposit required: Optional
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: $2.95, avoidable
• Early account termination fee: Unknown
• Household limit: One
• Expiration date: October 31, 2021

The Offer

Direct link to offer

• Starion Bank is offering a checking bonus of up to $250 when you open a new checking account. Bonus is broken down as follows:
  • $50 when you open an account with at least $500 in new money
  • $200 when you receive a direct deposit OR a recurring automatic payment coming from the new account within 60 calendar days of account opening

The Fine Print

• This limited-time $250 bonus offer is available to new Starion Bank checking account customers (those without current Starion checking accounts) who open one of our Starion Bank checking accounts with a minimum opening deposit of $500 in new money (not currently on deposit with our bank).
• Account must be opened by 10/31/2021.
• $50 of the bonus will be credited to the new account within 10 calendar days of account opening when you meet the minimum deposit requirement at time of account opening.
• To qualify for the additional $200 bonus, you must establish a direct deposit into the new checking account OR a recurring automatic payment coming from the new checking account within 60 calendar days of account opening.
• The remaining $200 will be credited to the checking account within 90 calendar days of account opening, provided the account has met all requirements and is in good standing. Limit one $250 bonus per household. Subject to account approval and 1099 reporting. Fees may reduce earnings. Our Smart Plus account earns 0.01% Annual Percentage Yield (APY) on balances up to and including $25,000 and 0.02% APY over $25,000. APY is accurate as of 07/19/2021 and is subject to change without notice. Excludes HSAs and Teddy Roosevelt accounts.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Classic checking account has a $2.95 monthly fee, this is waived if you meet any of the following requirements:

• Monthly Direct Deposit or Mobile Deposit• 10 debit card transactions per month• Deposit relationship of $5,000 or more

Early Account Termination Fee

I wasn’t able to find the fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

Better than the $150 bonus previously offered, especially as no direct deposit is required.

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