Reposting as the expiry date has moved from July 15th to June 15th. Might want to sign up now if you’re interested.
Offer at a glance
- Maximum bonus amount:Â $100 for referrer and referree
- Availability:Â Nationwide?
- Direct deposit required:Â Yes, $250+ in a single deposit (needs to be recurring, so make multiple deposits of $250+)
- Additional requirements:Â See below
- Hard/soft pull:Â Soft
- ChexSystems: Unknown
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â $10, 90 days
- Household limit:Â None listed
- Expiration date:Â
July 15th, 2018June 15th, 2018
The Offer
- Incredible Bank is offering a $100 checking bonus when you open a new free incredible checking account using a referral code. You’ll also get an additional $100 for every friend you refer. The person being referred needs to complete the following requirements:
- have a direct deposit of $250 or more posted to the account by midnight July 16
- Must request, receive and use Incrediblebank debit card at least 5 times for purchases of $5 or more before July 16th, 2018
- Enroll in online banking
- Sign up for eStatements
The Fine Print
- The referred friend must open an Incrediblebank checking account by 6:00pm CST, June 15, 2018; and, have a direct deposit of $250 or more posted to the account by midnight July 16, 2018 to receive their $100 bonus. Bank transfers do not qualify for direct deposit. Direct deposit should be recurring payroll, Social Security, pension or other government benefit.
- Multiple deposits that aggregate $250 do not count towards bonus.
- The following requirements must also be met to receive the $100 bonus by the new account holder:
- Must request, receive and use a new Incrediblebank debit card linked to the new checking account for 5 or more debit card purchases of at least $5 each or more, during the promotional period of May 3, 2018 through July 16, 2018. ATM transactions do not apply. All transactions must be posted to the account by midnight July 16, 2018.
- Enroll in online banking.
- Â Sign up for E-Statements.
- New checking account must be open and have a positive balance as of the end of the
promotional period to be eligible to receive the bonus. - All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees to worry about. There is a $10 fee if the account is closed within 90 days.
Our Verdict
At the top of the page they talk about a $200 bonus just for opening an account, but I think you need to have received a targeted mailer for that because when I try to sign up it says it doesn’t recognize my details. This should mean that readers are only eligible for $100 for joining, plus $100 for each friend they refer but I’m not entirely sure (if somebody can get the $200 bonus to work for everybody that would be much better).
Feel free to share your referral codes in the comments below, but please also provide some useful information (e.g hard/soft pull and if you can fund with a credit card plus your own experience). People that don’t follow these rules will have their codes removed.
Big thanks to reader, Jim & EO who let us know. Learn how to find bonuses and contribute to the site here.
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
IncredibleBank has a new referral program, but it’s a smaller bonus than before. Each person gets $50 when the referred person opens “an IncredibleBank Checking or Checking Plus account; have two payroll direct deposits post to the account, each greater than $300 from the same location within 90 days of account opening; have at least 5 debit card transactions within 90 days; and sign into the IncredibleBank mobile app”.
https://www.incrediblebank.com/we-have-the-bread
Looks pretty good.. looks like my account was closed at some point.. not sure if I’m missing it.. but do you see any terms where it says previous account holders are excluded from this new bonus?
Nope, no such terms. No harm in trying regardless.
BTW: My account has 0 balance since several months. I got an e-mail saying they will close it automatically on 1/31 unless I reply
Received an email referring to my low account activity and $0 balance asking if I would like to keep the account open. Guess they don’t like people having little activity
DP – just closed my account via online chat. Super easy.
Today I received $5 Starbuck’s gift card from bank.
Cool, how did that arrive? Physical card via postal mail? Digital card via email?
Physical card within greeting card size envelope.
DP: was able to close account via secure message
Does it make the most sense to leave this account open after the 90 days have passed, or simply close it? I can’t think of any advantages of leaving it open…
For future referral programs IF there would be another one AND IF you could get people to sign up with your referral =)
Just received the $100 opening bonus (did not do referrals)
Met Requirements on 7/17
Bonus posted 7/30
Did etrade and Chase for DD, don’t know which one triggered (did 2x Chase then 2x E-Trade)
Does it make the most sense to leave this account open after the 90 days have passed, or simply close it? I can’t think of any advantages of leaving it open…
I plan on closing it. Don’t need it anymore.
DP:
6/15 Opened
6/27 5 $5.00 Amazon GC
6/26 $250 ACH Push from Chase Checking (Ext Trnsfr JPMorgan Chase PPD)
7/05 $250 ACH Push from Chase Checking (Ext Trnsfr JPMorgan Chase PPD)
7/30 Bonus Posted
My wife’s account also got the bonus. Identical timeline as above except the ACH pushes were from Bank of America ($3 per push)
My Referral Code: PAA5802
I received an email from Republic Bank saying this offer is back until 8/31. It is a form you give to someone and they take it to their bank to open the account. $100 for me and $100 for you after you make a $50 ACH or DD. Subject is: “Do you want to earn extra cash?” I could email the form to someone if you are able to actually go into one of their branches to open the account. The form also gives a phone number to call. 888-584-3600
Looks like this is for Republic Bank. Here is the fine print: Referring party must be an existing customer of Republic Bank and maintain an active personal or business checking account in good standing at the Bank. The person that is being referred must open a personal or business checking account and have not previously held an account with Republic Bank. To obtain the bonus, the new personal checking accounts opened must have a direct deposit (an ACH credit or other automatic transfer) of at least $50 by the end of third full statement cycle of new account; new business checking accounts must have any type of deposit of at least $50 by the third statement cycle of the new account. All cash bonuses will be deposited into the account on the first business day of the statement cycle following the statement on which the qualifying activity appeared. The new account bonus cannot be used in conjunction with any other discounts or bonus offers. Minimum opening deposit for personal checking is $50; minimum opening deposit for business checking is $100. Savings accounts are not eligible. Offer subject to change without notice. Bonuses are reportable on 1099-INT. This program may be modified or canceled at any time without notice to either party. Accounts for which an employee is a signer (Business & Personal Accounts) are not eligible.
Just got a followup email saying the promotion is not available and the email was sent in error.