Update 9/17/23: Deal is back and valid until Nov. 1, 2023
Bonus has now expired but there is a bigger bonus for $300 currently available.
Reposting as deal is back for 2017.
Offer at a glance
Maximum bonus amount: $100 for both parties
Availability: Seems to be in branch only. All branches are in IA [Branch locations]
Direct deposit required: No, automatic transfer required
Additional requirements: None
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: August 31st, 2017
The Offer
Community Bank is offering a bonus of $100 when you refer a friend and they open any new checking account and an automatic transfer occurs. The person being referred will also receive a $100 bonus.
The Fine Print
$100 gift will be credited to the new customer’s active checking account after an automatic transfer occurs.
The current customer will receive a $100 credit into their CB&T checking or savings account only after the new customer has met this requirement.
Gift for new customers will be reported as interest income to the IRS on 1099-INT and as miscellaneous income to the IRS on a 1099-MISC for current customers.
Offer expires 8/31/17.
Avoiding Fees
They offer a free checking account with no monthly fees. I’m unsure if there is any early account termination fee as I was unable to find the fee schedule.
Our Verdict
If you have an account, feel free to share your referral information in the comments. Please also share if opening an account is a soft/hard pull or not as well. For now I won’t be adding it to the best checking bonus page as we don’t have anybody who can provide referrals and we don’t know if it’s a soft or hard pull.
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