[SC, OH] Park National Bank $200-$500 Checking Bonus, Direct Deposit Optional

Update 8/17/24: Ohio is now $300/$500.

Offer at a glance

  • Maximum bonus amount: $400
  • Availability: SC & OH, maybe NC & KY as well but can’t links
  • Direct deposit required: Optional
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $5,000 with a debit card, no credit card funding
  • Monthly fees: $10 – $25, avoidable
  • Early account termination fee:
  • Household limit: None listed
  • Expiration date: None

The Offer

Direct link to offers: (SC & OH)

  • Park National Bank is offering a bonus of $200/$400 when you open a new checking account. Bonuses are broken down as follows:
    • Open a VIP Checking Account and earn a $200 bonus when you:
      • Use promo code VIP200SU24
      • Have direct deposits totaling $500 or more or maintain a balance of $1,000+
    • Open a VIP All-Access Checking Account and earn a $400 bonus when you:
      • Use promo code VIP400SU24
      • Maintain a balance of $25,000 or more

The Fine Print

  • To qualify to receive the $200 bonus, you must be a new personal deposit customer and your VIP Checking Account must (1) be open and in good standing and (2) have electronic deposits totaling $500 or more made to the account within 90 days of opening OR maintain a current monthly average available balance of $1,000 or more in this account. Your current monthly average available balance must be $1,000 or more by the end of your second statement cycle and maintain that average balance through the 90-day promotional period.
  • To qualify to receive the $400 bonus, you must be a new personal deposit customer and your VIP All-Access Checking Account must (1) be open and in good standing and (2) maintain a current monthly average available balance of $25,000 or more in this account. Your current monthly average available balance must be $25,000 or more by the end of your second statement cycle and maintain that average balance through the 90-day promotional period.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

  • VIP Checking Account, this has a $10 monthly fee. Waived with:
    • $500 or more in qualifying direct deposits or
    • $1,000 or more on deposit with Park
  • VIP All-Access Checking Account, this has a $25 monthly fee. Waived with:
    • $25,000 or more on deposit with Park

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

I couldn’t seem to find what interest rate the VIP All-Access Checking Account earns, if it’s significant it might be better than the $200 bonus but otherwise the $200 bonus will be the better option. Share if it’s a hard or soft pull and if credit card funding is possible below.

Hat tip to Jesse

Useful posts regarding bank bonuses:
    William Charles
  • On August 11, 2024, 10:00
Tags: direct deposit optionalno credit card fundingoh bank bonusessc bank bonusessoft pull

View Comments (56)

  • Account type Minimum deposit to open account Minimum average balance to obtain Annual Percentage Yield Interest rate APY* VIP All-Access Checking $100 $0 – $2,499.99 0.00% 0.00% $2,500 – $9,999.99 0.01% 0.01% $10,000 – $24,999.99 0.10% 0.10% $25,000 – $49,999.99 0.20% 0.20% $50,000 – $99,999.99 0.35% 0.35% $100,000 + 0.49% 0.50% 

  • DP

    8/13 Opened account
    8/22 $528 Regular ACH transfer from Dollar bank because I’m doing their $600 bonus
    10/17 -$10 service charge
    11/13 -Promotional award $300
    11/15 -$10 service charge
    ^^ I will prob call and try to claw back at least one of those before I expeditiously close my account.

  • DP
    8/14 - Opened Account
    8/23 - $505 transferred using Huntington Bank's Bill Pay feature
    9/13 - $1,309 Real DD (Paycheck)
    11/13 - $300 Received bonus

  • DP
    8/12 - Opened Account.
    8/12 - $1015 funding posted same day
    11/13 - $300 Bonus "Promotional Award"
    @guest_1892352 @guest_1930561

    • @guest_1893856

      I opened my account at end of August and kept $1,000 balance until now. I received "Promotional Reward" yesterday but it was only $200. According to my notes, it should have been $300 (like what you got) but unfortunately, I did not keep a screenshot of the original offer.

      Would you happen to have a copy of the offer that was active around the time you signed up? If you do, I can provide my email address, if you don't mind. Thanks!

      • I do have a screenshot of the original offer. Weird that you only got $200. Let me know where to send it.
        @guest_1963452

        • @guest_1893856

          Thanks for sending the screenshot. As I had suspected, it showed a different code than what I used. Yours was "VIP300SU24". I don't think I will get anywhere by trying to argue my case.

          Thanks again for your help!

        • @guest_1893856

          Thank you for your offer to help. I have sent you an email, if you can reply to it.

          I found out that I had used Promo Code "VIP200SU24" while signing up, so maybe I used the wrong promo code? It has "200" in there, which is what I got,

          Anyway, I will check your screenshot when you send it to confirm. Thanks again!

    • I opened mine up 8/11 but same payout date. Despite being a resident of NC and not SC/OH, I read the terms and took a chance before DoC put up this promo and it worked. I got my $300.

  • Anyone received a payout? It’s been exactly 90 days for me. I’m just curious as to how soon after I can expect the bonus. I’m sure if won’t be today.

  • Anyone have any updates on bonus timing or successful DD? I think it's 90 days but I'm not quite there yet.

    • Nothing yet, I think I calculated my date to be somewhere around the end of next month. Not sure how bank holidays factor into that though. Leaving $1k there to sit until the bonus appears.

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