[Expired] [NJ & NY only] Investors Bank $300 Checking Bonus

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

Offer at a glance

The Offer

Direct link to offer

  • Investors Bank is offering a $300 bonus when you open a new YourStyle® Checking or YourStyle® Plus Checking and complete the following requirements:
    • Receive direct deposits of $500+ during a statement period within the first two statement periods

The Fine Print

  • To Earn Bonus: To earn a $300 Checking bonus, open your first new YourStyle Checking account or YourStyle Plus checking account between 9/1/2022 and 10/31/2022 and receive direct deposit(s) of $500 or more during a statement period, within the first two (2) statement periods after your account is opened.
  • Direct Deposit is recurring income electronically deposited into your Investors checking account and may include salary, pension, and other regular income.
  • Qualifications: Offer is not available to any account owner with an existing personal checking deposit account or conversion of an existing checking deposit account to one of these eligible checking deposit products.
  • Offer is limited to one offer per customer; and is not available to current or active employees of Investors Bank.
  • Payment of the $300 Reward to your account will be made at the end of the statement period during which the eligibility requirement has been satisfied.
  • Payments will expire after the earlier of payment of the full $300 Reward, or 2 consecutive monthly account cycles from the date you opened your account.
  • The new account must be open at the time of bonus payment to qualify for this offer.
  • The bonus is considered interest and will be reported on IRS Form 1099-INT. Consult your Tax Advisor. Offer may be withdrawn at any time without notice.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This has a $10 monthly fee, but it can be waived if you do any of the following:

  • Maintain a minimum monthly average balance of $1,000 or more; OR
  • have ACH direct deposit(s) totaling $500 or more per statement cycle; OR
  • have Mobile Check Deposit(s) totaling $500 or more deposited during your statement cycle; OR
  • have 10 or more Point-of-Sale (POS) transactions per statement cycle using your Investors Bank YourStyle Visa Debit Card linked to this account.

Early Account Termination Fee

I was unable to find any fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

Previous bonuses didn’t require direct deposits. Advantage to this bonus is it can be opened online and the YourStyle account is $300 instead of $250. Probably worth doing for a lot of people, so will add it to our best bank bonus page.

Hat tip to reader Dave R

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    William Charles
  • On September 4, 2022, 11:00
Tags: direct deposit requirednj bank bonusesno credit card fundingny bank bonusessoft pull

View Comments (170)

  • Did anyone receive a 1099 from Citizens for Investors bonuses paid out in Jan/Feb 2023? I mean the $25 monthly ones for DD or mobile deposit?

  • I logged into my Citizens account and noticed that there was an extra checking account in my profile. Did some digging and it looks like it's an Investors account that I closed in June 2022. Tried to call Citizens to see what's going on but wait time to speak to a rep is >60 minutes. Incredibly annoying. Anyway, this is a PSA to everyone to check that any recently closed Investors accounts haven't been resurrected with Citizens.

    • Update: I got through to a rep and she said that despite showing in my profile, my old Investors account is still closed. She couldn't explain why the account was showing but said it should disappear from my profile in 60 days.

      • I logged into my Citizens online banking today and also saw my closed Investors Checking which is now converted to Citizens One Deposit Checking (account# remains the same as previous Investors checking account#) . The old Investors checking statements can be found in Citizens online banking as well.

        I closed my Investors account back in early December 2022. I hope it remains as closed (not reopened) after it is transferred to Citizens because there is no status shown it is a closed account. It just shows above my other Citizens active checking account. Confusing indeed.

  • 10/31 opened in branch, $50 cash deposit
    11/28 $501 Chase ACH transfer
    12/1 $300 reward for new account

    Easiest bonus I've ever done. Sad to see this bank get absorbed into the mess that is Citizens Bank. Their app is so quick and gets everything done that I need without fuss and the citizens platform is so sluggish and buggy.

  • Account opened on 10/10. Actual DD posted on 10/25. Received bonus on 11/1.

    Can anyone confirm that there is no early account termination fee?

  • After we close accounts with Investors, how long will our login remains active? If I close now, when January 2023 comes, will my login still be active for me to retrieve my 1099 tax form online?

    I opened my account in 9/20/2022 and already received bonus on 9/30/2022. Now that 10/31 statement was generated, I wonder if I can close the account or is it too early?

    • Almost all banks mail the 1099 form regardless if you are on paperless statements. I would never keep an acct just to get the tax form. Worst case you can call them and get the info.

      The current plan is for Investors to move over to Citizens in Feb 2023. I would think closed accounts are not going to be keeping their login accounts - they are going to have enough on their hands to move the current customers over.

    • As long as you keep a record for yourself of how much you got paid you don't need the tax form from them.

      I usually input them manually and don't bother waiting for the tax forms.

  • Just tried opening this account and got denied. Received an email:
    We regret to inform you that we cannot proceed with the opening of your account.
    If you have questions, please contact our NICE Center at 855-422-6548.

    I called that phone number and they also didn't know why I was denied.

    Wondering if anyone here has more info. FYI I am in NY and there are branches nearby - I can try going in to do it, although I'd rather try to avoid that if possible. Thanks!

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