Offer at a glance
- Maximum bonus amount: $300
- Availability: This promotional offer is only valid in Boone County, Hamilton County, and Tippecanoe County, Indiana.
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: December 31, 2025
The Offer
Direct link to offer
- First Farmers Bank & Trust is offering a $300 Cash Bonus + Free Owala Tumbler When You Open a New Checking Account and complete the following requirements
- Use promo code WELCOME
- open both a checking and savings account
- both the checking account and savings account must be active and in good standing 60 days after account opening;
- customer must use their First Farmers Bank & Trust debit card for at least 15 point-of-sale transactions within the first 60 days of account opening;
- customer must have an aggregate balance of at least $1,000.00 within the first 60 days of account opening
The Fine Print
- Customer must open both a checking and savings account with First Farmers Bank & Trust to receive an Owala tumbler.
- To qualify for the $300 cash bonus, customer must meet the following requirements: both the checking account and savings account must be active and in good standing 60 days after account opening; customer must use their First Farmers Bank & Trust debit card for at least 15 point-of-sale transactions within the first 60 days of account opening; customer must have an aggregate balance of at least $1,000.00 within the first 60 days of account opening. Limit one (1) promotional checking account offer per individual and per tax identification number. Multiple accounts opened by the same individual or tax ID will not be eligible for additional bonuses. This promotional offer is only valid in Boone County, Hamilton County, and Tippecanoe County, Indiana. If the customer closes the checking account within 6 months of account opening, a forfeit penalty will be imposed. First Farmers Bank & Trust will reclaim the bonus if account closure is within the first 6 months and possibly disqualified from future promotions. Customer will receive $300 cash bonus on the 61st day after account opening. Customers must go in person to either the Carmel, Lebanon, or Lafayette branches to claim their Owala tumbler. New checking account and savings account must be opened by December 31, 2025. Promotion may end at any time.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Essential checking has no monthly fees and savings accounts also have no monthly fees.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if any EATF is charged.
Our Verdict
Share any datapoints you have in the comments, will add this to the best bank bonus as there is no direct deposit required but shame it’s limited to so few counties.
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
