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🛑 This offer has expired. See the full list of available bank bonuses here.

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First Republic Bank, Up to $2,020 Bonus for New Accounts

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Update 1/5/21: First Republic Bank reached out to say that the offer is now no longer available.

Update 1/1/21: The bonus should still be available even though link below are not working. Call the bank at (503) 889-8188 and ask about the offer. It is probably valid through 3/31/2021. (Thanks to B2 in comments)

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First Republic Bank is the 28th largest bank in the nation and if you want to start banking with them, now is the best time to do so. First Republic Bank has two separate offers in OR only, possibly Portland. There a $750 bonus and another for $2,020. Let’s see the details of this First Republic Bank bonus and the requirements you need to fulfill for each offer.

Offers

There are two separate offer with the main difference being the amount of money you need to deposit. Each bonus is also broken down in two parts.

$750 Bonus

• To qualify for the $500 bonus offer, you must:
  • open a new ATM Rebate Checking account
  • deposit a total of $15,000 or more in new money within 30 days of account opening, and
  • maintain a minimum $15,000 daily balance for 90 consecutive days after the initial 30 days following account opening.
• To qualify for the $250 bonus offer, you must
  • set up direct deposit totaling at least $2,500 within 120 days of account opening

Bonus will be credited in your new open account 130 days following account opening if you have completed the requirements.

$2,020 Bonus

• To qualify for the $1,770 bonus offer, you must:
  • open a new ATM Rebate Checking account
  • maintain a minimum $100,000 daily balance for the 180 days following account opening.­ ­
• To qualify for the $250 bonus offer, you must:
  • set up direct deposit totaling at least $2,500 within 120 days of account opening.

Bonus will be credited in your new open account 130 days following account opening if you have completed the requirements.

Eligibility

• Offer available in OR only.
• Offers listed on this website are extended only to new, first-time First Republic consumer checking clients who are located within the First Republic footprint. For a list of locations, please visit firstrepublic.com/locations.
• First Republic employees are not eligible for either offer.
• First Republic Private Wealth Management clients who have taken advantage of the fee credit offer are not eligible for this offer.
• One bonus per individual and their immediate family members who reside at the same address.

Fees

Minimum average daily balance of $3,500 to avoid monthly service fee (currently $25).

Not clear if there’s an early closing fee.

Guru’s Wrap-up

This is a huge bonus obviously, but limited to OR only. You need to deposit $15K for the $750 bonus and $100K for the $2,020 bonus. Then there’s the direct deposit requirement as well for both offers. Still a great offer for those who are eligible and are able to fulfill the requirements.

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.

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Offer Details

• $750 Offer | $2,020 Offer
• Account Type: ATM Rebate Checking
• Availability: OR
• Inquiry Type: Soft pull
• Credit Card Funding: Unknown
• Direct Deposit Requirement: $2,500
• Additional Requirements: $15K or $100K deposit
• Monthly Fees: $25 (waivable)
• Early Closing Account Fee: Unknown
• Expiration Date: 12/31/20

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