IBERIABANK Bonus, Get up to $600 with Checking & Savings Account

IBERIABANK has a bonus offer for new customers who open a checking and savings account. You can earn a $250 or $400 bonus for the checking account and another $150 for the savings. If you do both, you get an extra $50. Offer is available in AL, AR, FL, GA, LA, TN, & TX.

Offer

You can get up to $400 with a new checking account.

• To qualify for $250 Cash Bonus:
  • Use Promo Code STACK when opening online.
  • Open a new Freedom Checking account with a minimum $50 deposit balance with new money not currently held by IBERIABANK
  • Have $500 or more of combined direct deposit per statement cycle made to this account within 60 days of account opening.
• To qualify for $400 Cash Bonus:
  • Use Promo Code STACK when opening online.
  • Open a new High Interest Checking account with a minimum $100 deposit balance with new money not currently held by IBERIABANK;
  • Maintains a daily minimum balance of $5,000 or more; AND
  • Have $500 or more of combined direct deposit per statement cycle made to this account within 60 days of account opening.

You can get $150 with a new savings account.

• To qualify for the $150 Cash Bonus:
  • Use Promo Code STACK when opening online.
  • Open a new Statement Savings account
  • Deposit $50 or more in new money within 10 days of account opening, and
  • Maintain a balance of $15,000 for 90 days.

Get an extra $50 if you open both a checking and savings account.

Eligibility

Offer available in AL, AR, FL, GA, LA, TN, & TX.

Limit of one cash bonus per household in a 12-month period. Offer is not available to clients whose accounts have been closed within 90 days or closed with a negative balance.

Fees

Both checking accounts required for the bonuses come with monthly fees:

• The Freedom Checking account has a $10 monthly fee. Waived with a balance of $1,000 in the account.
• The High Interest Checking Account has a $20 monthly fee. Waived with a balance of $5,000 in the account.

Savings account doesn’t have any monthly fees.

If your new checking account is closed within the first six months, the earned bonus will be deducted at account closing.

Guru’s Wrap-Up

This IBERIABANK bonus is better this time around. You can still get up to $400 for the checking account, but you can also earn $200 more if you open a Savings account. You do need to maintain a balance of $15,000 for 90 days. The account itself earn only 0.05% APY. But it works out to an extra 5.33% APY if you keep the money in the account for 90 days exactly, which is probably better that what you’re earning with other savings or money market accounts.

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

• Apply Online
• Bonus: $600
• Account Type: Checking and Savings
• Availability: AL, AR, FL, GA, LA, TN, & TX
• Credit Card Funding: No
• Expiration Date: 11/15/2019 12/23/2019
• Hard Inquiry: Soft pull
• Direct Deposit Requirement: $500 within 60 days
• Other Requirements: $15K balance for savings
• Monthly Fee: $10/$20 (Waived with $1,000/$5,000 balance)
• Closing Account Fee: None (Must keep account open for 6 months to receive bonus)

HT: Doctor of Credit

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