Offer at a glance
Maximum bonus amount: $100
Availability: IA only
Direct deposit required: No, says ACH transaction
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: September 30, 2023
The Offer
Quad City Bank & Trust is offering a $100 referral bonus when you open a new checking account and complete the following requirements:
the account has been open a minimum of 30 days
a reoccurring ACH transaction has occurred
the debit card has been used and the account has a positive balance.
The Fine Print
$100 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
Requirements must be met within the first six months.
Account must be active at the time bonus is paid and will be applied as a credit to the new account.
Only new consumer checking account clients are eligible. Cannot be combined with any other offers.
Employees are ineligible.
Minimum opening deposit requirement is $100, with the exception of Quad City Preferred (minimum $1000 to open).
The current client will receive a $100 credit into their QCBT checking account only after the new client has met these requirements.
Referral slip also serves as a one-time waiver of new client’s privacy rights as detailed in the bank’s privacy policy as the referral source will be aware of this account opening.
New clients may not combine this with any other promotion.
Bonuses are unlimited per client and will be reported to the IRS as applicable.
Promotion valid June 15, 2023 – September 30, 2023
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Feel free to share your referrals in the comments below, just also share if it’s a hard or soft pull.
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