Offer at a glance
Maximum bonus amount: $300
Availability: WI only
Direct deposit required: Yes, $300+
Additional requirements: Use promo code
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Must be kept open for 90 days
Household limit: One
Expiration date: None listed
The Offer
PyraMax Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
Use promo code WELCOME300
Receive a direct deposit of $300+ per month within 60 days of account opening
The Fine Print
Account must have a $300 minimum monthly Direct Deposit set up and received beginning within 60 days of opening the account.
The account must remain open for 90 days and meet the account conditions, after which time the $300 Bonus will be deposited directly into the Checking account.
Not available for HSA checking accounts.
Limit one gift per household.
Customer must mention this card at in-branch account opening or enter Promo Code: WELCOME300 at online account opening to be considered for this offer.
Offer may not be combined with other promotions and may be withdrawn at any time. Receipt of gift may have tax consequences.
Employees of PyraMax Bank and their immediate family are not eligible for this promotion.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simply Checking seems to be the easiest account to keep fee free. It has a $5 monthly fee that is waived if you do three of the following:
Receive a monthly direct deposit of $100 or greater
Enroll in e-statements
Maintain a $500 minimum balance in this account
Maintain a $1,000 minimum balance in combined PyraMax bank deposits
Perform 7 check card transactions
Perform one online bill payment transaction
Early Account Termination Fee
Account needs to be kept open for at least 90 days
Our Verdict
Previous best bonus was only $125.
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