Update 4/14/25: New $300 bonus available again and now available in MD as well. Hat tip to reader Tikky
Update 3/15/25: $300 bonus available again, not as good as the $600 bonus.
Update 10/7/19: There is another $300 bonus for those in VA, it does mention bringing in a post card but often it’s possible to open in branch without it just by asking. YMMV. Use this link. Hat tip to reader YAR
Update 9/19/19: Deal is back and valid until 11/30/19/ Hat tip to Gadget
Update 3/23/19: Deal is back and valid in VA again.
Update 3/14/19: Deal is back, currently available in OH & PA but not VA. Valid until April 30th, 2019. Hat tip to reader Gadget
Update 11/11/2018: Deal is back in VA. Hat tip to reader Brian.
Currently only available in VA.
Deal is back again. Thanks to readers Gadget, Dan & Tery
Deal is back for 2018. This time around it’s a $100 rebate the first year and then $100 credit. Previously it has been $150/$50. Hat tip to reader Joe W
Offer at a glance
- Maximum bonus amount: $200
- Availability: Dollar Bank serves areas surrounding southwestern Pennsylvania and northeast Ohio (may have to be within 100 miles of branch)
- Direct deposit required: Yes, $500+
- Additional requirements: Keep account open for one year
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: $5, waivable
- Early account termination fee: Need to keep account open for one year to get full bonus, but $25/180 EATF otherwise.
- Household Limit: One
- Expiration date:
October 1st, 2016March 4th, 2017 September 30th, 2017 March 3rd, 2018 September 29th, 2018 (OH & PA), October 31st, 2018 (VA)November 30th, 2018June 1st, 2019
Contents
The Offer
Direct link to offer: PA or OH or VA or MD
- Receive a sign up bonus of $200 (one $100 Mastercard rebate and one $100 credit) when you open an Everything Checking or No Overdraft checking account with Dollar Bank and complete the following requirements:
- Receive cumulative direct deposits of $2,0500 or more within first 60 days of account opening to receive $200 Rebate on Mastercard debit card
- $100 credit will be applied to account within two months of the 1 year anniversary, account must have qualified for $100 rebate and be in good standing
The Fine Print
- To qualify for the $200 offer, an Everything Checking or No Overdraft Checking account must be opened by 3/3/18.
- Offer is for new checking customers only.
- Up to $200 is available in one $100 rebate and one $100 credit. To receive the $100 debit card rebate, the account must receive cumulative direct deposits of $500 or more within 90 days of account opening, and the account must be in good standing. $100 debit card rebate will be added to the new checking account within 14 days of the qualifying cumulative direct deposits; the rebate will be credited for Dollar Bank Debit Mastercard purchases made via signature (not PIN).
- The $100 credit will be applied within 2 months of the 1-year anniversary of account opening providing the account qualified for the debit card rebate, is active, in good standing and is in a qualifying plan.
- Maximum amount is $200 per account and one per household.
- Subject to 1099 tax reporting
Avoiding Fees
Everything Checking Account $5 Monthly
The Everything checking account has a $5 monthly fee, it’s waived if either of the following conditions is met:
- Six transactions post to the account (ACH debits count, so you could pull money from this account to another bank)
- You have an average checking balance of $2,500 or more
No Overdraft Checking Account $5 Monthly
Can be reduced to $2 per month with a qualifying checking relationship
Referral Bonus
For every friend you refer you can earn a $25 bonus, person being referred also receives $25. According to this comment this offer is stackable with this $200 offer.
Our Verdict
Previously they have offered a $150 checking bonus. Previously this deal was split so you’d get $150 now and then $50 in a years time, now it’s $100/$100 so that’s slightly worse. Still annoying to keep the account fee free for a year plus to get the full bonus. There are much better bonuses out there, but this one is still pretty good if you’re happy waiting a year to get the full bonus. If you do decide to sign up, please share your experiences in the comments below.
Big thanks to reader, Andrew who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
Are we doing a referral link page for this one? Or if not does someone want to drop one?
Tried Maryland zip codes for Baltimore, Gaithersburg, and Westminster. All of them were outside their coverage area and would not allow me to continue with the application.
It’s a select area in Maryland (Cumberland Narrows community).
I discussed that over here: https://www.doctorofcredit.com/oh-va-pa-only-dollar-bank-400-checking-bonus/#comment-1938100
$50 minimum to open account. Promo Code: CHK24
“Offer is for new checking customers only and promo code must be provided at account opening. Those who had an open checking account within the past 180 days are not considered to be new customers and are not eligible for the offer. Up to $300 is available in one $200 Mastercard debit card rebate and one $100 credit. To receive the $200 Mastercard debit card rebate, the account must receive cumulative direct deposits of $2,500 or more within 90 days of account opening and the account must be in good standing. The $200 Mastercard debit card rebate will be added to the new checking account within 40 days of the qualifying cumulative direct deposits. The $100 credit will be applied within 2 months of the 1-year anniversary of account opening provided the account qualified for the $200 debit card rebate, is active, in good standing and is in a qualifying plan. Maximum amount is $300 per account and one per household. Subject to 1099 tax reporting. Promo Code: CHK24”
Ohio link is dead.
DP (finally): Opened 9/20/19
$500+ DD done 10/29/19
First $100 bonus posted 10/30/19
Second $100 bonus posted 10/2/20 (12 days after one year anniversary)
Did we ever establish whether “within 2 months of the 1-year anniversary” means two months before or after that anniversary?
Gadget?
We most certainly did establish it, and no, there was not a 2 month grace period. The 2nd bonus pays out in the 13th month.
I got mine & P2’s $100 1-2 weeks after the one-year anniversary date. For example, open 11/28/18, $100 bonus 12/12/19.
Great, thanks. Digging through these comments to find the definitive answer was getting tiresome.
There is now a $400 offer at Dollar Bank!
Here’s how to earn $400:
-Open your new Everything Checking Account.
-Get $100 in Mastercard® debit card rebates with a total of $1,000 in direct deposits within 90 days of account opening.
-Plus, get $200 with a total of $5,000 in direct deposits within 90 days of account opening.
-And, get $100 after your one-year anniversary of account opening.
* To qualify for the offer, an Everything Checking account must be opened by 3/31/20. Offer is for new checking customers only. Those who had an open checking account within the past 180 days are not considered to be new customers and are not eligible for the offer.
https://www.dollar.bank/Ads/$400-Checking-oh?aliaspath=%2fAds%2f400-OH
FYI There is a $400 bonus now I see at https://www.dollar.bank/Personal/Workplace-Banking/Offers/Get-$200
Only available at select employer groups
This one was way more painful to open than most, but that’s probably because I’m so used to banks that allow accounts to be opened so easily. This definitely had a hometown bank feel to it. I hated the snail mail and the waiting, but I made my first debit card purchases this week and they were rebated, so everything went as it was supposed to. $200 here I come.
Now I just need to decide what method I should use to make the 6 transactions each month to keep this thing fee-free. After all that work, I’m definitely sticking around for the extra $100.
Any suggestions?
DP, re: $5 monthly fee on Everything Checking:
1) I had what I thought were six qualifying transactions during this statement period (five BB/Serve withdrawals and one ACH credit from another account), but I was charged the fee anyway. I’m assuming that the ACH credit didn’t count, but I dunno.
2) I left the account with $0.01 at the end of the statement period, and that’s all I was charged as a fee, so it seems that if you have less than $5 in the account when the fee hits, it just takes what you have.