Offer at a glance
Maximum bonus amount: $500
Availability: OH
Direct deposit required: Yes, no minimum
Additional requirements: Deposit $10,000 and maintain for 90 days
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $15, avoidable
Early account termination fee: Unknown
Household limit: One
Expiration date: November 30, 2023
The Offer
CenterBank is offering a bonus of $500 when you open a new Optimum checking account and complete the following requirements:
Maintain at least a $10,000 daily balance in your eligible checking account for 90 days, from the offer enrollment
Meet the direct deposit requirement
The Fine Print
Offer available on new Optimum checking accounts with electronic statements opened
between October 1 – November 30, 2023, in person or online where the owner(s) meet all approval criteria.
This offer is limited to joint and individual consumer account holders residing in the Greater
Cincinnati area that are at least 18 years old and have not owned a CenterBank checking account in the last 180 days.
Only one Optimum Checking offer per household is allowed. To receive the Optimum Checking offer, you must 1) Maintain at least a $10,000 daily balance in your eligible checking account for 90 days, from the offer enrollment, and 2) You meet the direct deposit requirement. If the balance falls into a lower balance for even one day during the maintenance period, you will no longer be eligible for the bonus offer. New-to-CenterBank Funds are funds deposited from account(s) external to CenterBank that are 1) payroll, pension, or government benefi ts direct deposits, 2) via check, or 3) through wire transfers. Person-to-Person payments and micro-deposits do not qualify as direct deposit for the bonus. After you have completed all the above requirements, the bonus offer will be deposited into your new account by the 100th day. The bonus offer is considered interest and will be reported on IRS form 1099 INT to the primary owner on the account. CenterBank reserves the right to withdraw this offer at any time without notice. Product terms subject to change. For more information, please see or contact a banker. The Optimum Checking account may have account fees. You cannot use another CenterBank account to maintain your balance as part of this offer.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Optimum has a $15 monthly fee. This is waived with a
$2,000 daily balance or
$5,000 average monthly balance $25,000 combined balance in checking, savings and CD accounts
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF or not.
Our Verdict
There is a $750 business checking bonus as well.
Hat tip to Bockrr
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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
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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
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