Offer at a glance
Maximum bonus amount:
Availability: LA, in branch only [Branch locations]
Direct deposit required: Yes, full paycheck
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: None listed
The Offer
Hibernia Bank is offering a $200 bonus when you open a new checking account and complete the following requirements:
New direct deposit of full recurring paycheck, retirement or government benefits
$500 monthly average balance
No overdrafts during 90 day qualifying period
The Fine Print
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
I was unable to find a fee schedule so unsure if there is any EATF.
Our Verdict
Should be able to ask if it’s a hard or soft pull before opening the account.
Hat tip to Woody
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?
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