[CA, IL, NJ, NY, TX, VA] Hanmi Bank Direct Deposit Bonus $350-$500 (New & Existing Users)

Offer at a glance

• Maximum bonus amount: $250
• Availability: CA, IL, NJ, NY, TX, VA
• Direct deposit required: Yes, bonus scales on direct deposit
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, not sensitive
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Six months, bonus forfeit
• Household limit: None listed
• Expiration date: December 31, 2023

The Offer

Direct link to offer

• Hanmi Bank is offering a direct deposit bonus for new & existing customers
  • Make at least one direct deposit by September 30, 2024, and maintain monthly average balance of $3,000 or more during the full calendar month to earn 1 uChoose Rewards® point for every $1 made in direct deposit. You can earn a maximum of 5,000 points each month
  • We’ll match the reward points earned for the first three full months

The Fine Print

• This offer is valid from 6/3/2024 to 12/31/2024, and is subject to change and may be discontinued at any time without notice.
• Offer is valid to current and new personal checking customers enrolled in uChoose Rewards®. First direct deposit must be made on or before 9/30/2024, and must maintain monthly average balance of $3,000 or more during the full calendar month on the account, to qualify.
• Existing customers already receiving direct deposit will be eligible to earn reward points if they maintain monthly average balance of $3,000 or more during the full calendar month.
• Monthly average balance is calculated by aggregating the balance in the account for each day of the month and dividing the aggregated balance by the number of days in that month, or the number of days account was open during that month if account was opened mid-month.
• Only one (1) eligible account per customer (SSN/TIN).
• Points will be credited to customer’s uChoose account 21 days after the end of each month. uChoose Rewards® points earned are forfeited if customer is not enrolled in uChoose on day of payout.
• 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 account has no monthly fees to worry about.

Early Account Termination Fee

Need to keep account open until at least December 31, 2024 to maximize the bonus.

Our Verdict

Points are worth 1¢ each so this bonus should be worth $350-$500 (or less if you don’t max out the $50 each month). This obviously requires a lot of direct deposits and a large amount each time as well unfortunately. Still worth doing for some people especially as it applies to existing account holders and many readers will have accounts from previous bonuses.

Hat tip to olympia_t

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