$50 Cash for Opening a Checking Account
1st Bank is currently running a promotion offering $50 for opening their free checking account. After seeing the offer I was expecting to see the regular stipulations when an offer like this is being promoted (i.e. direct deposit requirements, minimum balance requirements or a required number of debit card purchases each month).
However, after reading the fine print there aren’t any major stipulations. They require that you open the account with at least $50 and keep the account opened for a minimum of 6 months. The $50 bonus will be credited immediately upon opening the account. The account has no monthly balance requirements and no monthly services fees. One downfall may be that the free checking account is a non-interest bearing account so this won’t be a place to store much money. But for me it will work great, I will “invest” $50 for six months and get a 100% return on my money….not bad.
Here is a link to application
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Do you know if 1st Bank is a regional bank? I can’t seem to find one in my state.
Do you know how it works if you open it up online? Is there a coupon code or something that you enter?
From what I can see it looks like there are branch locations in California, Arizona & Colorado. I would think that you could still sign up for an account and just do everything online.