Update 8/9/25: Bonus increased to $300.
Offer at a glance
- Maximum bonus amount:$250
- Availability: IA only and restricted to the following Counties: Benton, Buchanan, Cedar, Delaware, Iowa, Johnson, Jones and Linn
- Direct deposit required: Yes, no minimum
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees: None
- Early account termination fee: $15, six months.
- Household limit: One
- Expiration date: None
The Offer
Direct link to offer
- FSB Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Receive a direct deposit within 30 days of account opening
The Fine Print
- *To qualify for the $250 bonus, a primary checking account with direct deposit is required.
- The bonus will be deposited into your checking account within 30 calendar days of the first payroll direct deposit posting to the account.
- Limit one $250 bonus per household.
- Subject to account approval and 1099 reporting.
- May not be combined with other offers.
- See product information for additional requirements specific to each account type.
- A minimum $50 deposit is required. Excludes Benefit Banking Plus.
- Must be 18 or older.
- The program may be suspended or reactivated with 30 days’ notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
High 5 rewards checking account has no monthly fees to worry about.
Early Account Termination Fee
Premature Account Closure of $15 if closed within 6 months after opening
Our Verdict
Seems like a relatively easy bonus but we know nothing about this bank. If anybody goes for it then please share your experiences in the comments below.
Hat tip to ShawntheShawn
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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
