BayFirst, Get $500 Bonus with New Checking & Savings Account (FL)

July 16, 2023

BayFirst, Get $500 Bonus with New Checking & Savings Account

First Home Bank (now BayFirst) has a new promotion that can earn you $500 in cash for opening new checking and savings accounts. This offer is available in Florida only, and you have to visit a branch to open the account. Let’s see how this First Home Bank bonus works.

Offer

To qualify for the $400 bonus, you must be a new BayFirst checking customer and qualified to open a checking account. You must then fulfill the following requirements:

You must establish direct deposit to your new account.
Your account must remain open in order to receive the $400 bonus.
At the end of each monthly statement cycle a deposit match of $100 will be deposited for up to 4 monthly statement cycles, totaling up to $400. Each monthly direct deposit must equal $100 or more to qualify for the monthly bonus match.

To qualify for the $100 bonus, you must be a new BayFirst Statement Savings customer and qualified to open a savings account. You must then fulfill the following requirements:

At the end of each monthly statement cycle, a deposit match of $50 will be deposited for up to 2 monthly statement cycles, totaling up to $100.
Each monthly deposit, auto transfer, or direct deposit must equal $50 or more to qualify for the monthly bonus match.

Bonuses will be reported to the IRS in accordance with applicable law.

Eligibility

Offer available in FL, in-branch only.
Must be a Florida resident in the following counties: Hillsborough, Pinellas, Pasco, Manatee and Sarasota.
Must be a new BayFirst customer.

Fees

Simply Free Checking and the Savings Account have no monthly maintenance fees.

Guru’s Wrap-Up

We have seen this BayFirst $500 bonus in the past, and it has now been extended again with slight changes. You need to open a checking and savings account to receive the full $500. The account has no monthly fees.

However, the offer is available in select Florida counties only, and you have to visit a branch to open the accounts.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. 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.