[VA, MD, OH & PA only] Dollar Bank $600 Checking Bonus

Update 1/14/25: Now extended through 2/28/25

Update 10/25/24: Now available in MD as well, keep in mind you need to live within about 50 miles of a branch. Hat tip to reader Gadget

Update 9/2/24: Now extended until 10/31/24. Bonus is now $600. Hat tip to Another DP

Update 8/6/24: Extended until 9/30/24

Update 6/16/24: Deal is back and valid until 7/31/24.

Update 5/14/24: Extended until 5/31/24

Update 2/10/24: Extended until 4/30/24

Update 1/1/24: Extended until 1/31/2024

Update 11/19/23: Extended until 12/31/23.

Update 11/13/23: Extended until 11/18/23.

Update 9/11/23: Extended until 10/31/23.

Update 6/5/23: Extended until 8/31/23.

Update 3/1/23: Extended until 4/30/23.

Update 1/25/23: Deal is back and valid until 2/28/23.

Update 9/11/22: Extended through  10/31/22.

Updated 7/4/22: Extended through 8/30/22.

Update 5/2/22: Extended through 6/30/22.

Update 3/27/22: Extended until April 30th, 2022.

Offer at a glance

• Maximum bonus amount: $300
• Availability: OH, VA, MD & PA
• Direct deposit required: Yes, $5,000+
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $5, avoidable
• Early account termination fee: Need to keep account open for one year to get full bonus
• Household limit: One
• Expiration date: March 31st, 2020 July 31st, 2020 September 30, 2020 December 31, 2020 March 31, 2021 April 30, 2021

The Offer

Direct link to offer : VA | OH | PA

• Dollar Bank is offering a bonus of $300 when you open a new checking account with promo code CHK22 and complete the following requirements:
  • Get $300 in Mastercard debit card rebates with a total of $2,500 in direct deposits within 90 days of account opening.
  • And, get $300 after your one-year anniversary of account opening.

The Fine Print

• 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.
• Up to $400 is available in one $100 Mastercard debit card rebate, one $200 credit, and one $100 credit. To receive the $100 Mastercard debit card rebate, the account must receive cumulative direct deposits of $1,000 or more within 90 days of account opening and the account must be in good standing.
• The $100 Mastercard debit card rebate will be added to the new checking account within 40 days of the qualifying cumulative direct deposits.
• To receive the $200 credit, the account must receive cumulative direct deposits of $5,000 or more within 90 days of account opening and the account must be in good standing.
• The $200 will be credited 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 $100 debit card rebate, is active, in good standing and is in a qualifying plan.  Maximum amount is $400 per account and one per household.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

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 payments via check, Online Banking bill payments, Telephone Banking bill payments, ACH debit, or Point of Sale transactions (both signature or PIN based) posted to the account.
• You have an average checking balance of $2,500 or more

Early Account Termination Fee

Need to keep account open for one year to get full bonus, but $25/180 EATF otherwise.

Our Verdict

Bigger bonus we’ve seen before is $400. This is a slightly different offer, but still very much worth doing in my opinion. It’s annoying you need to keep the account open for a full year to get the full bonus. I’ll be adding this to our list of the best checking bonuses. There is also a $400 bonus for military members.

Hat tip to reader Derek D

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

Post history:

• Update 8/9/21: Deal is back and valid until 9/30.
• Update 6/5/21: Deal is back and valid until 7/31/21.
• Update 4/24/21: $300 offers all dead, dollar.bank/ads/200-va.
• Update 4/13/21: Extended until April 30, 2021.
• Update 2/2/21: Deal is back and valid until March 31, 2021. Bonus is now only $300 instead of $400. Because of that I would recommend waiting. Hat tip to reader Gadget.
• Update 11/3/20: Extended until December 31, 2020
• Update 10/11/20: Deal available again until October 31. Hat tip to Xinqing W
• Update 8/25/20: Deal available again until August 31. Hat tip to Gadget
• Update 5/30/20: Extended until July 31st, 2020.
• Update 3/28/20: Deal has been extended until 5/30/20. Hat tip to reader Don B