[Expired] [PA Only] Penn Community Bank $200 Checking + $100 Savings Bonus, Direct Deposit Not Required

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

Update 11/17/21: Deal is back, this time the savings bonus is $100 instead of $50.

Offer at a glance

• Maximum bonus amount: $250
• Availability: All locations in PA [Branch Locator]
• Direct deposit required: Optional
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Yes
• Credit card funding: Up to $500 per account, Mastercard & Discover accepted
• Monthly fees: None
• Early account termination fee: Bonus forfeit, six months
• Household limit: None listed
• Expiration date: August 31st, 2020 December 4, 2021

The Offer

Direct link to offer

• Penn Community Bank is offering bonuses of up to $300. When you use promo code FALLBONUS. Requirements are as follows:
  • $200 bonus when you open a new checking account and complete one of the following requirements:
    • Receive qualifying direct deposits totaling $500 or more OR
    • Complete 20 or more debit card purchases
  • $100 bonus when you open a new savings account at the same time and maintaining the account minimum daily balance or more for 60 days

 

The Fine Print

• The up to $250 new account cash bonus offer is available on any new Penn Community personal checking account type, as long as the customer meets standard account eligibility requirements. The direct mail promotional code must be presented at account opening.
• To receive the $200 new checking cash bonus, the account must be opened with $25 or more and complete one of the following within the first sixty (60) days of account opening: 1) receive qualifying direct deposits totaling $500 or more OR complete twenty (20) or more debit card purchase transactions of any amount. Qualifying direct deposits are defined as recurring electronic deposits of payroll, Social Security, pension, government benefits or other eligible regular monthly income.
• To earn an additional $50 cash bonus, checking bonus offer requirements must be met, and must 1) open a new Statement Savings, Common Cents Savings or Ultra Money Market account with standard account minimum opening deposit or more at the same time as qualifying checking account, and 2) maintain the account minimum daily balance for 60 days from account opening. Minimum balance to open and minimum daily balance to earn annual percentage yield and avoid monthly service fee for Statement Savings and Common Cents Savings accounts is $100; for Ultra Money Market account is $1,000. Standard savings and money market account requirements and transaction restrictions will apply. Interest rates are variable and subject to change.
• New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements. New account bonus offer available to new checking customers only. Must not have closed a checking account within the preceding twelve (12) months or received a prior new checking account incentive. Limit one bonus offer per household. If multiple accounts are opened with the same signer, only one account will be eligible for the bonus. Account must be open, active and in good standing at time of incentive fulfillment to receive bonus(es).
• If account is closed within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus received will be debited from final account balance.
• All bonuses are subject to 1099 reporting.
• Offer expires August 31, 2020.

Avoiding Fees

Monthly Fees

There is a free checking account with no monthly fees to worry about.

Early Account Termination Fee

Bonus is forfeit if account is closed within six months of account opening.

Our Verdict

Previously they have offered a $200 checking bonus, but a direct deposit was required. Need to know if there is a hard or soft pull to open.

Hat tip to reader Ryan G

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