[Expired][OH only]$150 Bonus From North Akron Savings Bank For Setting Up A New Account With Direct Deposit

Expired: This deal has unfortunately now expired. You can view more bank bonuses here.

Offer at a glance

• Maximum bonus amount: $150
• Availability: OH only
• Direct deposit required: Yes
• Additional requirements: None
• Hard/soft pull: ?
• Credit card funding: ?
• Monthly fees: $0-$15, avoidable
• Early account termination fee: $25, 180 days
• Expiration date: None specified

The Offer

Direct link to offer

• There are three different offers based upon which checking account you open.
  • Benefit Checking $50 Bonus
    • Receive the first $25 when you open the account
    • Receive the next $25 when you add direct deposit
  • Nest Egg Checking $100 Bonus
    • Receive the first $50 when you open the account
    • Receive the next $50 when you add direct deposit
  • Platinum Checking $150 Bonus
    • Receive the first $75 when you open the account
    • Receive the next $75 when you add direct deposit

The Fine Print

• All accounts must be opened with a minimum of $100
• Offer available to customers without a checking account from North Akron Savings Bank before January 1, 2013.
• Limit one new account reward and one direct deposit award per qualifying account
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Benefit Checking $0 Monthly Fee

This account does not have a monthly fee associated with it

Nest Egg Checking $9 Monthly Fee

Monthly fee is waived if you have a daily balance above $500

Platinum Checking $15 Monthly Fee

Monthly fee is waived if you have a daily balance above $10,000

Early Account Termination Fee $25

All three accounts come with an early account termination fee of $25 if the account is closed within 180 days of account opening.

Our Verdict

You have to open these accounts at a branch [branch locator], so you’ll need to live in select areas of Ohio to be able to apply. Because of this I won’t be participating in this particular deal. I also wouldn’t do this deal because there are far too many unknowns (e.g is it a soft or hard pull? Can you fund with a credit card? what counts as a direct deposit?) If I was going to do this deal, here is what I’d do.

• Open a nest egg checking account (I wouldn’t open a platinum account as it requires $10,000 in the account for six months. You’d be better off just leaving that money in an interest bearing checking account at 1% or higher). Use a credit card for the initial funding if possible, making sure the cash advance limit is $0. Fund a minimum of $500 to keep the account fee free. (+$50)
• Divert a portion of my pay check to this new account to trigger the direct deposit requirement, as we don’t currently know what counts as a direct deposit. (+$50)
• Wait for the bonuses to post
• Wait 180 days from account opening to avoid the early account termination fee
• Close account

If you know any information about this offer, let us know in the comments. There wasn’t enough information and the bonus wasn’t high enough to add it to the best checking account promos currently available, but it was added to the growing list of all checking account promotions on offer.

Direct link to offer | Screenshot of offer