Hanmi Bank Bonus, Get $300 with New Checking Account

Hanmi Bank has a promotion that can earn you up to $300 when you open a personal checking account. You need to deposit $20,000 of new money to be eligible for this offer. It’s available in CA, IL, NJ, NY, TX and VA, and only in-branch. Check out the details of this Hanmi Bank bonus below.

Offer

To qualify for the cash bonus, you must meet the following requirements:

Must be a new checking customer
Must open a Personal Regular Checking with new money
Maintain 3 month average balance of $20,000 or above
Enroll in e-Statement
Conduct minimum of one (1) ACH debit/credit or five (5) POS debit card purchases

Offer Terms

The cash bonus is based on a 3-month average daily balance for the first full 3-months. Starting date for the 3-month period will be the first date of the new month after the account is opened; if the account is opened on the first day of a new month, that date will be the first date of the average balance calculation period.
Cash bonus will be paid to your new checking account within 60 days after a qualifying account has been opened for six (6) months.
You must provide a valid U.S. Taxpayer Identification Number (W-9) or a valid foreign taxpayer identification number (W-8BEN) as applicable.
Cash bonus is taxable with an 1099-INT or 1042-S, as applicable. You are responsible for any applicable taxes and consulting a tax advisor.

Eligibility

Offer available in CA, IL, NJ, NY, TX, VA
A new checking customer is defined as a customer who has not had any existing personal checking account with Hanmi Bank within the past 180 days from the date of the account opening.
Only one (1) account per customer.

Fees

The account has no fees.

If the account is closed within the first six (6) months, cash incentive will be deducted at closing of the account if it has already been paid.

Guru’s Wrap-up

This is a decent bonus that works more like a savings account since you need to deposit a large chunk of money. If you keep a 3 month average balance of $20,000 or more, you’ll get a $300 bonus. That works out to 6% APY if you keep the money in the account for exactly three months. You can take your money out after that, but you need to keep the account open for at least six months.

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.