[Expired] [TX, FL] Amerant Bank $250/$500 Checking Bonus

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

Offer at a glance

• Maximum bonus amount: $500
• Availability: FL & TX
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: $5, avoidable
• Early account termination fee: $25, six months
• Household limit: None
• Expiration date: April 30, 2022

The Offer

Direct link to offer

• Amerant Bank is offering a $250/$500 bonus when you open a new value checking account. Bonuses are as follows:
  • $250 bonus:
    • Receive a qualifying direct deposit within 90 days
    • Maintain an average balance of $10,000 on your 2nd and 3rd statement cycle and have your account open for 90 days.
  • $500 bonus:
    • Receive a qualifying direct deposit within 90 days
    • Maintain an average balance of $25,000 on your 2nd and 3rd statement cycle and have your account open for 90 days.

The Fine Print

• Offer not available to existing Amerant Bank customers, prior customers who have had an Amerant Bank personal checking relationship within the preceding 90 days, or have been paid a promotional premium in the past 24 months.
• Limited to one checking account per new customer.
• If multiple accounts are opened with the same signers, only one account will be eligible for the bonus.
• Applicant must be a citizen or resident alien of the United States (U.S.) who is at least 18 years old with a valid U.S. taxpayer identification number.
• To qualify for the bonus: (i) open your new Value Checking Account online at amerantbank.com OR at an Amerant Bank branch location from 01/10/2022 through 04/30/2022; (ii) have your Qualifying Direct Deposit(s) made to the account within 30 days of account opening; and (iii) maintain an average balance in the account of $10,000 (for $250 Cash Bonus) or $25,000 or more (for $500 Cash Bonus) for 60 days after the 31st day the account was opened.
• We will deposit the bonus in your new account within 60 days after you have completed the above conditions.
• To receive the bonus, your Value Checking Account must be open and in good standing at the time of payout. The bonus will appear as “Cash Bonus” on your monthly statement and will be reported on the applicable IRS form as interest income.
• This promotion may be extended, modified or discontinued at any time, and may vary by market.
• A “Qualifying Direct Deposit” means a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or the government into Value Checking Account. Person-to-person and bank transfers from accounts you have at other financial institutions do not qualify.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has a $5 monthly fee. This is waived when you do either of the following:

• Enroll in Online Statements or monthly Direct Deposits or complete 4 Debit Card transactions per statement cycle

Early Account Termination Fee

$25 if closed within six months of account opening.

Our Verdict

Last bonus was for $300, same requirements as the $250 bonus. Nice to see a bigger $500 level as well. It’s annoying that you need the $10,000/$25,000 in there for at least two months, but still worth doing for the respective $250 and $500 bonuses (although again the $250 bonus isn’t as good as the $300 bonus we previously saw).

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