Investors Bank Bonus, Get $300 with New Checking Account

Investors Bank is offering a bonus of $300 for new checking accounts. The bonus is available in NJ and NY only and accounts can be opened online or in-branch. Check out the details of this offer below.

Offer

To earn a $300 Checking bonus:

Open your first new YourStyle Checking account or YourStyle Plus checking account between 9/1/2022 and 10/31/2022
Receive direct deposit(s) of $500 or more during a statement period, within the first two (2) statement periods after your account is opened. Consult your Tax Advisor.

Payment of the $300 Reward to your account will be made at the end of the statement period during which the eligibility requirement has been satisfied. Payments will expire after the earlier of payment of the full $300 Reward, or 2 consecutive monthly account cycles from the date you opened your account. The new account must be open at the time of bonus payment to qualify for this offer. The bonus is considered interest and will be reported on IRS Form 1099-INT.

Eligibility

Offer is not available to any account owner with an existing personal checking deposit account or conversion of an existing checking deposit account to one of these eligible checking deposit products.
Offer is limited to one offer per customer; and is not available to current or active employees of Investors Bank.
Must open in branch and branched are located only in NY and NJ.

Fees

YourStyle Checking Account has a $10 monthly fee. However, you can avoid the fee with the following options:

Monthly average balance of at least $1,000 plus
- Direct deposit of $500 or more each statement cycle, OR
- 10 point-of-sale transactions with your Visa® Debit Card

YourStyle Plus Checking Account has a $20 monthly fee. You can avoid the fee with the following options:

Maintain $20,000 average Monthly Balance with YourStyle Plus Checking and a YourStyle® Plus Money Market account or High Yield Savings account plus
- Have a Direct Deposit(s)totaling $1,000 or more during your statement cycle OR
- Mobile Check Deposit(s) totaling $1,000 or more during your statement cycle OR
- Complete at least 15 Point-of-Sale (POS) transactions during your statement cycle OR
- Eligible Investors Financial customer. First Month after account opening the Service Fee is Waived.

Guru’s Wrap-Up

This is a decent bonus, but this time around it requires $500 or more in direct deposits. Let me know if you have any recent data points on what works.

Also the offer states that this must be your first new YourStyle Checking account or YourStyle Plus checking account. It’s possible that you will not be eligible if you’ve either account in the past.

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.