Update 3/27/23: Deal is now good through 3/31/23.
Update 1/18/23: Offer is back and valid until March 20, 2023.
Offer at a glance
Maximum bonus amount: $500
Availability:
Offer valid only in FNBO branded branches in CO, IA, IL, KS, NE, SD, and TX.
Offer valid online in CO, IA, IL, KS, NE, SD, TX, MO, and limited areas of WI and WY
Direct deposit required: Yes, $500+ for three months
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown, sensitive
Credit card funding: None
Monthly fees: None
Early account termination fee: None
Household limit: One
Expiration date: October 17, 2022
The Offer
FNBO Bank is offering a bonus of up to $500. Bonus is broken down as follows:
Open a new checking account with promo code 700 and receive a $50 bonus
Open FNBO Savings account the same day as your checking and receive a $10 bonus
Set up and receive qualifying direct deposits in your new checking account (direct deposits totaling $500 must post to your account three 31-day periods in a row) and receive a $250 bonus
Maintain a $3,000 balance for 90 days and reach the checking account requirements above and get a $190 bonus
The Fine Print
The $50 new checking account opening bonus will be credited to your account within 30 days of account opening.
The $250 direct deposit bonus will be credited to your account within 30 days of the date we receive your qualifying direct deposits.* Qualifying direct deposits must be received within 124 days of the account being opened and the account must be open to receive the bonus.
Account bonuses are subject to IRS reporting and will be reflected on a 1099-INT statement.
The customer is responsible for entering the promo code “JOIN” (not case sensitive) during online account opening or mention the promotion to a banker.
The account must be open to receive a bonus. Offer valid only in FNBO branded branches in CO, IA, IL, KS, NE, SD, and TX. Offer valid online in CO, IA, IL, KS, NE, SD, TX, MO, and limited areas of WI and WY. Offer valid for new checking customers on one new account and limited to only one opening bonus and direct deposit bonus. A new checking customer is defined as an applicant who does not have an open Access Debit, Free Checking, or Premier Checking account at the time of campaign launch. FNBO has discretion to determine what constitutes a new checking customer. Accounts must be open by 10/17/22 to be eligible.
A qualifying direct deposit is defined as a deposit, such as a customer’s salary, pension, Social Security, or other regularly monthly income, electronically deposited through the Automated Clearing House (ACH) network to this checking account by your employer or an outside agency. To receive the bonus, a minimum qualifying direct deposit or deposits totaling $500 must post to your checking account for three (3) consecutive 31-day periods for a total of $1,500, or through a minimum of nine (9) credits posting to your checking via a debit card transaction for a minimum of $500 for three consecutive 31 day periods for a total of $1,500. The deposits must post to your account within 124 days of account opening. Transfers and/or deposits made via ATM, online or teller, and transfers from a bank or brokerage account do not constitute a credit or direct deposit.
Savings account must be opened the same day as checking account. $10 opening bonus will be applied within 30 days of account opening. Savings account must be a Basic Savings, Savings, or Premier Savings product type. Ownership roles must match between the checking and savings accounts.
Offer valid for new savings customers on one new account and limited to only one opening bonus and one secondary bonus. The savings product opened directly after the new checking will be considered for eligibility. Subsequent savings products opened will not be considered for eligibility. A new savings customer is defined as an applicant who does not have an open Basic Savings, Savings, or Premier Savings account at the time of campaign launch. FNBO has discretion to determine what constitutes a new savings customer.
The $190 bonus paid to the savings account will only be available once the checking account qualifications have been met and all bonuses paid out. Additionally, an average daily collected balance of at least $3,000 must be maintained in the savings account for 90 days from account opening. The $190 bonus will be paid to the savings account within 30 days of meeting all requirements.
Account bonuses are subject to IRS reporting and will be reflected on a 1099-INT statement.
The customer is responsible for entering the promo code “JOIN” (not case sensitive) during online account opening or mention the promotion to a banker.
The savings account must remain open to receive the bonus. Offer valid only in FNBO branded branches in CO, IA, IL, KS, NE, SD, and TX. Offer valid online in CO, IA, IL, KS, NE, SD, TX, MO, and limited areas of WI and WY. Offer valid for new savings customers on one new account and limited to only one opening bonus and secondary bonus. Accounts must be open by 10/17/22 to be eligible.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is a free checking account with no monthly fees.
Early Account Termination Fee
According to the fee schedule there is no early account termination fee.
Our Verdict
Looks like it’s available in more states than it was before. Unfortunately doesn’t look like you can do the savings bonus without the checking bonus, but I suspect most people would be doing both anyway. Previous checking bonuses didn’t always require a direct deposit, but the savings bonus is new and fairly easy to meet the requirements for so I think this is the new best bonus from FNBO and will be adding this to our best checking bonus page.
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
Post history:
Update 10/18/22: Offer extended to November 15, 2022