Offer at a glance
- Maximum bonus amount: $200
- Availability: MS only
- Direct deposit required: Yes, $1,000+ per month
- Additional requirements: 5 debit card purchases
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: July 30, 2026
The Offer
Direct link to offer
- Grand Bank is offering a bonus of up to $200 when you open a new checking account. Bonus is broken down as follows:
- Earn $100 when you make 5 debit card transactions monthly within 60 days1
- Get another $100 by adding a qualifying direct deposit or monthly external transfer for a minimum of $1,000 per month.
The Fine Print
- After opening a new checking account, complete 5 debit card transactions within 60 days to earn a $100 bonus.
- To earn an additional $100 bonus, set up a qualifying direct deposit or recurring ACH transfer totaling at least $1,000 per month. Bonuses will be deposited into your checking account within 75 days after qualifying requirements are met.
- A qualifying direct deposit is a recurring electronic payment, such as payroll, pension, Social Security, or other government benefits, made by an employer or external agency.
- Your account must remain open, in good standing, and maintain a positive balance at the time the bonus is credited, or the bonus will be forfeited.
- Limit one bonus per person/account.
- Offer available to customers age 18 or older.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simple checking has no monthly fee
Early Account Termination Fee
Unsure as I wasn’t able to find a fee schedule
Our Verdict
Always nice when you can get some of the bonus without a direct deposit. We don’t know anything about this bank so please share your datapoints in the comments if you do sign up.
Hat tip to reader Bockrr
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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