Update 10/19/23: On October 26, 2023 there will be a $100 cash offer
Update: Looks like people are being denied in the comments. It’s possible you need to live in the market area of ‘ND, MN, MT, SD’ obviously ND & MN won’t work that leaves MT & SD. Because of that we won’t add it to the best bank bonuses.
Offer at a glance
Maximum bonus amount: $100 Amazon gift card
Availability: Nationwide, Excluding ND & MN
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Up to $2,000
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: September 12, 2022
The Offer
Gate City Bank is offering a $100 amazon gift card as a referral bonus to both parties when the person being referred completes the following requirements:
Open a new checking account with a minimum deposit of $50+ by September 19
Account must remain open with a positive balance to receive the Amazon gift card, this will be be emailed on or before September 30, 2022
The Fine Print
Not valid with other offers.
New customer must be a first-time Gate City Bank personal checking customer at least 10 years of age and have a permanent mailing address outside of North Dakota and Minnesota.
New customer’s checking account must be approved and funded with a minimum deposit of $50 by September 19, 2022, and must remain open and maintain a positive balance to receive the Amazon.com Gift Card, which will be emailed to new customer and referrer on or before September 30, 2022.
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 totally free checking account with 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, but looks like account only needs to be kept open until September 30.
Our Verdict
Assuming this is a soft pull it seems worth doing as there are no requirements for the bonus. Even better if you can refer friends as well. Do not share your referrals in this post, instead they can be shared in this linked post. We will add this to our list of the best checking bonuses if it’s a soft 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
Bank Bonus Posting Times