Update 1/20/24: Deal seems to still be available, but only in branch. Advertised on their socials.
Update 10/24/20: Bonus has been increased to $200. Hat tip to reader J Money
Update: New link found works for branches in VA, WV, OH. Thanks to reader Gadget.
Please note, this isn’t the same City National Bank that offers the Visa Infinite card.
Offer at a glance
Maximum bonus amount: $100
Availability: VA WV OH in branch only. [Branch locator]
Direct deposit required: Yes, $200+
Additional requirements: None
Hard/soft pull: Soft pull
ChexSystems: Yes, not sensitive
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: $25, 180 days
Household limit: One
Expiration date: None listed
The Offer
City National Bank is offering a bonus of $200 when you open a new city checking account with direct deposit of $200 or more
The Fine Print
Bonus: Limited time offer. To earn the $200 direct deposit bonus, you must establish a qualified recurring direct deposit of $200 or more into the account.
The bonus will be deposited into the new account 91 days after account opening.
Limitations: The bonus cannot be used as the opening deposit.
Offer not available to existing checking account customers, those with fiduciary accounts or those whose account has been closed.
Limit 1 bonus per household.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
They offer a simply free checking account with no monthly fees to worry about. There is an early account termination fee of $25 if you close the account within 180 days.
Our Verdict
I generally don’t recommend $100 bonuses that must be opened in branch, but might be worth it for some if they live near a branch. Purely because it’s usually a lot of work for a $100 bonus that is also taxed. Because of this I won’t be adding it to our best bank bonus page.
Big thanks to reader, KK 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
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