Lakeland Bank has a new bonus of $200 for new checking account in NJ. The bonus is available online and in-branch.
To receive the $200 bonus you need to open an eligible account with promo code SUMMER18 and complete the following:
- Direct deposit(s) totaling $700.00 or more into account within 45 days of account opening.
- Lakeland Bank will fulfill bonus within 45 days of qualification.
- The value of the bonus will be reported to the IRS on form 1099-INT.
- If the account is closed within six (6) months of account opening and the cash bonus was received, the value of the cash bonus will be deducted from the account.
- Excludes Renewal Checking.
- Offer not available for account conversions.
- Offer available in NJ only (maybe not in all zip codes)
- Not available to existing Lakeland Bank checking account customers or those whose accounts have been closed in good standing within 12 months, or closed with a negative balance at any time.
- Offer limited to one $200 cash bonus, per individual taxpayer identification number
- Classic Checking is the best option for this bonus. The account has a $6 monthly fee that can be waived with a $250 average daily balance.
- I don’t see an early closing fee for the account, but it must stay open for 6 months to keep the bonus.
A good bonus, but only limited to NJ and even there not available everywhere. The page has not been updated yet (shows spring bonus), but the promo code SUMMER18 should work. It’s still probably best to contact them and have some kind of confirmation before opening the account. As for the requirements, you just need a $700 direct deposit to get the bonus. I’m not sure how strict they are about what counts as a direct deposit.
- Promo Page (still shows spring bonus)
- Bonus: $200
- Promo Code: SUMMER18
- Account Type: Classic Checking
- Availability: NJ
- Expiration Date: Unknown
- Inquiry Type: Soft pull
- Credit Card Funding: Yes
- Direct Deposit Requirement: Yes, $700
- Monthly Fee: $6 (can be waived with $250 balance)
- Closing Account Fee: Must be open 6 months to keep bonus