Offer at a glance
Maximum bonus amount: $200
Availability: TX
Direct deposit required: Yes, $1,500+ recurring
Additional requirements: None
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $10, avoidable
Early account termination fee: Unknown
Household limit: None
Expiration date: March 29, 2024
The Offer
Lone Star National Bank is offering a $200 checking bonus when you open a new personal checking account and complete the following requirements:
Receive monthly direct deposits of $1,500+ through 5/31/24
The Fine Print
Bonus will be deposited by 6/30/24
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Easiest account to keep fee free is the LSNB, this has a $10 fee that is waived if any of the following requirements are met:
Minimum Direct Deposit/ACH Credit(s) of at Least $500 per Statement Cycle
Minimum of 20 Posted Debit Card Purchases/Payments per Statement Cycle
Minimum Daily Balance of $500 (Everyday of Statement Cycle)
Early Account Termination Fee
Our Verdict
There is also a $2,500 business checking bonus but that requires merchant services so not worth considering. I think you need to open this in branch but not 100% sure.
Hat tip to Bockrr
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