Deal has ended, view more bank account bonuses by clicking here.
Update 6/12/23: Bonus still available.
Update 2/27/23: New link available for $300 bonus.
Update 4/30/22: Deal is back but only for Williamson County, TX. Hat tip to LogmeinGn
Update 4/24/22: Deal is back, hat tip to LogmeinGn.
Update 11/20/21: Deal is back, direct deposit is $2,500+ instead of $1,000 and now requires debit card purchases.
Offer at a glance
- Maximum bonus amount: $200
- Availability: TX only
- Direct deposit required: Yes, $2,500+
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees: None
- Early account termination fee: $15 if closed within 90 days
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Broadway Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements:
- Set up a recurring direct deposit of at least $1,500
- Spend $1,500 on your debit card within 90 days of opening
The Fine Print
- New Free Checking account required. Excludes closed and reopened accounts. Excludes existing Free Checking accounts.¹Within 60 days of account opening, receive monthly direct deposits of at least $1,000 and receive $200 deposited into your new checking account within 30 days of meeting offer requirements.
- The $200 could be subject to IRS reporting on a 1099 MISC.
- 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 no monthly fees to worry about.
Early Account Termination Fee
According to the fee schedule there is a $15 fee if closed within 90 days.
Our Verdict
Worth doing as it’s a soft pull and a small amount of credit card funding as well. As always if you have any experiences with this bank or bonus then please share them in the comments.
Hat tip to reader Joe F & Natanael
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
View Comments (348)
DP:
P1
Real DD: $751.xx
Real DD2: $751.xx
Attempted Paypal Reload to P2 User: 1500.xx
SoFi Push: $1500.xx
Attempted Cashapp to P2 User: $752
Attempted Cashapp to P2 User: $752
P1 Bonus Deposit
P2
Real DD: $751.xx
Real DD2: $751.xx
Attempted Paypal Reload to own P2 User: 1500.xx
SoFi Push: $1500.xx
Attempted Cashapp to P1 User: $752
Attempted Cashapp to P1 User: $752
P2 Denied bonus
@guest_1997521
What's their reasoning for denying P2?
And how long after you met the requirements did the bonus post?
Expired
DP: Completed the terms 11/7 with a real DD and using the PayPal reload via debit, but hadn't received the bonus yet. Called in today and agent confirmed I completed the promo terms but advised that the bonus would be paid within 90 days so it might take until 2/7
Just in case anyone else was seeing their bonus come in slower than the ~1 week timeline in other DPs
Austin (78705)
11/13 Account open & initial deposit ($50)
11/27 Real DD $1.5k
11/27 PayPal Fund $1.5k
11/29 $300 bonus received
Is this churnable?
Dallas (75287) but did not receive $400
11/1/24 - open via phone call
11/18/24 - Wise (Personal) $1501 push with "Payroll" ref
11/19/24 - $1501 PayPal reload via debit
11/22/24 - $300 posted
Call and they will apply the other $100
faked a DD with Wise so don't believe I will
@guest_1958454
Can PayPal reload via debit be transferred to a bank account or does it have to be spent?
Can transfer to any bank, no need to "spend" again via PayPal
Pushed $1500 from Wise, then used Broadway debit card to fund $1500 to PayPal. Received $400 bonus about 5 days later. Someone on Reddit said that there's an extra $100 bonus for customers in the Dallas area so that must be why I received more
Link says offer expired
Thoughts on buying costco giftcard for the 1500 spend? It would count as purchase?
Use the PayPal route. Lots of DPs here
it only allows me to use routing and account number, can't add using debit card #
I explored that option but it won't let me as it is business
Successfully opened yesterday and tried to fund $500 with Citi DC card, but received an email a few hours later that the funding didn't go through. Not sure if they've shut down that funding option or if there was some kind of problem with mine. I transferred $25 from another account just because the offer terms said $25 minimum funding is required