Bank Of The West, $250 Checking Account Bonus with Direct Deposit

Bank of the West is offering again a a new bonus of $250 when you open a checking account and complete the requirements. Bonus is available online and in-branch and in select states only. Offer has been extended until 10/30, DoC reports.

Offer

Apply for a new consumer Any Deposit Checking account with a promotion code either online at bankofthewest.com or in a branch between 8/24/2020-10/30/2020 with any opening deposit amount ($0.01 or more). Any Deposit Checking account must be opened by 10/16/2020. This offer is also available for any other consumer checking account (minimum $100 to open).

You need to fulfill these requirements:

• Make direct deposits totaling $1,000 or more each calendar month for three consecutive calendar months by  01/29/2021 to the new checking account. One or more separate direct deposits in a single calendar month that add up to $1,000 qualify. Fulfillment of the offer requirements is based on calendar months which may not coincide with statement cycles.

Other important terms:

• Account must be in open status and have a positive balance greater than $0 as of 01/29/2021 to be eligible to receive any bonus.
• Bonus will be credited to the new consumer checking account by 01/29/2021. Account must be in open status to receive the bonus.
• Offer end date and availability subject to change without prior notice.
• Promotion code required at account opening.
• UCB Student Checking and Bank of the West Premier Checking accounts are excluded.

Fees

Any Deposit Checking account has a $10.00 monthly service charge waived with one deposit of any amount each statement cycle. Deposits include direct deposit, mobile deposit, ATM deposit, or in-branch deposit of any amount. Does not include fund transfers between Bank of the West accounts or any credits from Bank of the West.

There’s also an early closing fee of $25 if account is closed within 3 months.

Eligibility

• The offer is only available to residents of AZ, CA, CO, ID, IA, KS, MN, MO, NE, NV, NM, ND, OK, OR, SD, UT, WA, WI, WY.
• Offer is not available to existing Bank of the West customers with an open consumer checking account as of 07/12/2020.
• If the customer or other individuals residing at the same address received or may receive any other consumer checking bonus from Bank of the West between 02/01/2019-02/25/2021, then no one at that address is eligible.
• Limit of one $250 consumer checking bonus per individual and per mailing address.

Guru’s Wrap-Up

A better bonus than the $150 they previously had, but there’s more requirement. Now you need to do a direct deposits of $1,000 or more for three consecutive months. Still worth doing in my opinion as the $10 monthly fee can be easily waived.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Offer Details

• Offer Page
• Account Type: Any Deposit Checking
• Availability: AZ, CA, CO, ID, IA, KS, MN, MO, NE, NV, NM, ND, OK, OR, SD, UT, WA, WI, WY
• Expiration Date: 9/13/19 12/6/19 03/31/20 8/21/20 10/30/20
• Inquiry Type: Soft pull
• Credit Card Funding: Up to $500 (Online)
• Direct Deposit Requirement: $1,000+ for three consecutive months (Learn More)
• Other requirements: No
• Monthly Fee: $10 (waivable, see above)
• Closing Account Fee: $25

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