[Expired] [PA, OH, MD, DC, VA, NC, SC, WV only] First National Bank (FNB) $400 Checking Promotion

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

Update 1/8/23: Extended until 12/31/2023.

Update 12/8/22: Looks to be available in PA, OH, MD, DC, VA, NC, SC, WV.

Update 1/8/22: Deal is back and valid until December 31, 2022.

Update 9/1/21: Deal is back and valid until December 31, 2021. Hat tip to reader EK

Update 2/19/21: Deal is back, but only valid in Germantown, MD, Tysons, VA, Asheville, NC and Greensboro, and NC (DOWNTOWN). Valid until February 27, 2021

Update 10/7/20: Now available in Offer available in the following geographical locations: PA, WV, NC, SC, OH (excluding Cuyahoga County in OH)

There is a $600 bonus that’s better

Offer at a glance

  • Maximum bonus amount: $400
  • Availability: Offer available in the following states: PA, OH, MD, WV, NC, SC, DC PA, WV, NC, SC, OH (excluding Cuyahoga County in OH)
  • Direct deposit required: Yes, total of $2,500+ within 90 days
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $100, all payment networks are accepted.
  • Monthly fees: None with eStatements
  • Early account termination fee: 180 days, $50
  • Household limit: One
  • Expiration date: November 14, 2020

The Offer

Direct link to offer

  • First National Bank is offering a bonus of up to $400 when you open a new checking account. Use promo code PEN4000123. Bonus is broken down as follows:
    • Earn $150 when you make direct deposits totaling $1,500 or more or Earn $250 when you make direct deposits totaling $2,500 or more
    • Earn $150 when you make 10 online bill payments using FNB’s Online Bill Paying Service

The Fine Print

  • Offer does not apply to multiple checking accounts.
  • Existing FNB checking accounts or accounts converting to another personal checking account are NOT eligible for this offer.
  • You can receive only one new checking account reward related offer per household per calendar year; bank employees and members of their household are not eligible for this promotion.
  • FNB may offer multiple promotions to its customers at one time.
  • Even if you met the requirements for multiple promotional offers you are only eligible for and will receive one promotional reward offer.
  • Checking accounts closed by customer within 180 days of opening are subject to a $50 account early closing fee.
  • To the extent required by law, First National Bank will report the value of this reward to the IRS on Form 1099 MISC.
  • Any applicable taxes are the responsibility of the account holder.
  • In the event that we determine in our sole discretion that your account does not meet the eligibility criteria or the activity on your account does not qualify to meet the required conditions, we will not be obligated to credit your account with the reward payout.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The easiest account to keep fee free is Freestyle checking, there is no monthly fee as long as you have eStatements enabled.

Early Account Termination Fee

$50 fee if closed within 180 days of account opening

Annual Fee $25

Annual fee will be charged to your account 30 days after account opening on the last business day of the month and annually thereafter. Annual fee is non-refundable.

Our Verdict

Previous best bonus was $150 or $250 targeted. This is obviously a significantly better bonus. Bit annoying that direct deposit is required but considering it’s for $400 total this is worth doing and we will add it to our best bank bonuses.

Hat tip to reader Nav

Useful posts regarding bank bonuses:
    William Charles
  • On January 8, 2023, 15:45
Tags: credit card fundingdc bank bonusesdirect deposit requiredmd bank bonusesnc bank bonusesoh bank bonusespa bank bonusessc bank bonusessoft pullwv bank bonuses

View Comments (570)

  • Any recent DP if transfer from Chase still works. Most recent DP I found is more than 2-3 years old.

  • 4/12/24 opened account in branch by phone, $3000+ payroll deposit and 16 bill payment.
    7/18/24 $600 bonus post.

    • Requires opening a Workplace Checking account...

      "Product Eligibility:

      • In order to qualify for this account you must be actively employed by a participant in our Workplace Banking program.
      • If you apply in person, you will be asked to provide the name of your employer.
      • If you apply online, you should enter your employer's Workplace Banking ID in the Promo Code field."

  • Got the mailer for $600. Any reason the PayPal transfers wouldn’t work for the 15 debit transactions to get $300? It also says on the mailer that transfers to other accounts, checks and mobile banking as part of the qualification list. Never seen it so easy. Don’t feel like loading up on Amazon gc if don’t have to. Anyone used anything other than Amazon or cash app to meet qualifications?

    • I did a similar FNB offer in the past. Terms were: "Debit transactions could include POS, PIN, ATM withdrawals, transfers to other accounts, mobile banking, online bill pay, wire transfers, personal checks, and Zelle."

      Fees that FNB charges don't count. This is an easy requirement to complete. Don't overthink it. ;-)

  • March 13 - Opened using $600 mailer.
    March 26 - Transferred $2,505 using Huntington Bank Bill Pay
    April 2 - 16 Amazon Gift card recharges/purchases from $1 to $1.15
    May 15 - $1,255 Salary Direct Deposit
    May 31 - $1,255 Salary Direct Deposit
    June 20 - $600 Promotional Reward deposited.

  • Just opened this for P2 with a $600 mailer. I can't find any emails/letters where they provided the account number so I can't enroll in online banking. Received the debit card though. I'd rather not make P2 call in if I don't have to. Anyone else open this recently? How was the account number provided? TIA

    • I ran into this as well, but going through the files I saved during the application process (I'm getting better about doing this), I realized that the account number is in the application summary - 4th page.
      Hope that helps!

      • You absolutely rock. I watched back my screen recording after this and found the account number. Now I get to save up my karma with P2 for a Chase recon call. Thanks!

    • Having the same issue myself, I called they mention the account number was provided in the online opening process, which I did not see, only other way to get the account number to set up DD is to go to a branch or wait for the debt card to set up online which its been 2 weeks and no debt card.

  • @ @2 A $600 version of this is open again as of March 2024; I got a targeted mailer. $300 for deposits plus $300 for 15 debit transactions. Restricted to about 8 states in the East Coast and Southeast. Did the $400 deal in 2022-23 but still eligible. https://fnb-online.com/Get600March24

  • I got the $400 bonus in July, did not receive 1099-INT. Would you recommend I report to the IRS anyway? BTW, I lost access to my online account and I cant seem to be able to talk to anyone on the phone

    • Late response, but yes you still need to report it. They classify their bonus as miscellaneous income, so they only send a 1099-MISC if you earn $600 or more in a year. I talked to a rep from the bank. It is still considered taxable income, however.

  • In the past when this bank paid our $600 bonus they reported on form 1099-MISC. These days the bonus amount is less than that. For the $250 bonus with up to $150 for billpay, what will the bank do for reporting? 1099-INT? 1099-MISC? Neither? Perhaps someone with an account still open can look online. My account is closed, so I have to wait to see what if anything arrives in the mail.

  • I know this is expired for now. But, are you eligible for this bonus even if you do the Biz bonus with FNB?

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