Offer at a glance
- Maximum bonus amount: $250
- Availability: Nevada only
- Direct deposit required: Yes for personal checking bonus
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Six months, bonus forfeit
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- Farm Bureau Bank is offering a $150 personal checking & $250 business checking bonus. Bonuses are as follows:
- Get a $150 bonus when you open a new Performance Checking Account and complete the following requirements:
- Receive $2,000 in direct deposits or
- Make 15 debit card purchases
- Get a $250 bonus when you open a new business checking account and complete the following requirements
- Must receive $3,000 in direct deposits per month and
- Must maintain an average daily balance of $3,000
- Get a $150 bonus when you open a new Performance Checking Account and complete the following requirements:
The Fine Print
- Minimum initial deposit of $100 required at Performance Checking account opening. The Performance Checking account promotional offer amount qualified for will be paid 60 days after the qualification period of three (3) statement cycles. If Performance Checking account is closed within six (6) months, the promotional offer amount paid will be deducted at account closing. Offer only available in the state of Nevada.
- Eligible purchases means any signature or PIN-based in person, online, phone, or mail-order purchase made with your Farm Bureau Member Rewards Mastercard. Offer excludes Cash Advances, Balance Transfers, credits, and returns. Program may change or be canceled at any time.
- Qualifying accounts include Business Checking, Business Advantage Checking, and Business Analysis Checking. Monthly account fees apply, but may be waived if certain criteria is met. The promotional offer amount qualified for will be paid 60 days after the qualification period of three (3) statement cycles. If account is closed within six (6) months, the promotional offer amount paid will be deducted at account closing. Offer only available in the state of Nevada.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Performance checking account has no monthly fees to worry about.
Early Account Termination Fee
Account needs to be kept open for six months otherwise bonus is forfeit
Our Verdict
It’s not clear if you can do both of these bonuses or not unfortunately.
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
View Comments (3)
Applied and got the confirmation email. Later they closed my account due to too many inquiries.
P1 and P2 declined due to chex. Soft pull, no CC funding.
How many in the last 12/24 months?