Update 6/7/24: Deal is back until 12/31/24.
Update 11/4/23: Extended until 12/31
Update 7/16/23: Extended until 9/30/23.
Update 11/19/22: Extended until December 31, 2022.
Offer at a glance
Maximum bonus amount: Up to $350
Availability: WI & MN
Direct deposit required: Up to $5,000 within 45 days of account opening
Additional requirements: See below
Hard/soft pull: Soft
ChexSystems: Unknown, sensitive
Credit card funding: Up to $2,000, Visa or Mastercard only
Monthly fees: None
Early account termination fee: $20, 6 months
Household limit: None
Expiration date: 8/31/22
The Offer
Receive a sign up bonus of $350 when you open a new checking account with TruStone Financial and complete the following requirements within 45 days:
$100 cash back for direct deposit of at least $1000 within 45 days of account opening. Cash back increases to a total of $200 if direct deposit reaches $2,500 within 45 days of account opening, and increases to a total of $300 if direct deposit reaches $5,000 within 45 days of account opening.
$50 for enrolling in eStatements
The Fine Print
Member must not have had prior checking account with TruStone.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
A $20 fee is charged if the account is closed within 6 months of opening according to their fee schedule.
Our Verdict
This is a significantly better offer than before as previously it was only for $150 (although without a direct deposit requirement). Worth doing if you can easily change your payroll to trigger the direct deposit requirement and earn enough to get the full $350 bonus. Will add this to our list of the best checking account bonuses.
Hat tip to reader Ethan
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