Seacoast Bank is offering a $200 bonus when you sign up for their Freestyle Checking account with promo code WEB200. The offer is available nationwide for Florida residents only now and you’re allowed to fund the account with up to $1,000. There’s two requirements for the bonus and you’ll receive $100 for each of them:
- Receive $100 when you set up a direct deposit of at least $500 within the first two months
- Receive $100 when you make 15 debit card purchases within the first two months
Offer valid through 9/30/16. Valid for new Seacoast checking customers only. Not valid for Free Checking. Limit one $200 bonus per household.
Bonus will be credited to the eligible account within 65 days.
Fees
The account comes with a $7 monthly fee that can be waived with one of these two options
- Receive E-statements and perform 7 debit card purchase transactions per monthly statement cycle OR
- Receive E-statements and receive a direct deposit of at least $250 per monthly statement cycle
There’s also a $30 fee if the account is closed within 90 days.
Offer Details
- Sign up Offer
- Account Type: Freestyle Checking
- Availability:
NationwideFlorida - Expiration Date: 9/30/2016
- Inquiry Type: Soft pull
- Opening Deposit Credit Card Funding: Up to $1,000
- Direct Deposit Requirement: $500 DD within 60 days of account opening
- Other Requirements: 15 debit card purchases within the first two months
- Monthly Fee: $7 but waived with eStatements and$250 DD or 7 debit purchases
- Closing Account Fee: $30 if closed within 90 days
Some reports of people receiving bonuses after CFPB complaint
Looks like the offer has been pulled- there is an ongoing discussion in the DOC comment section.
I just tried to apply and got the following message: “Our Online Account Opening Process is temporarily unavailable. We apologize for this inconvenience.”
It seems like a messy situation based on what people are saying.
Thanks Jim. I was planning on applying myself as well :/
I’ve done a number of these checking signup offers. And I’m beginning to think, this can’t be safe in the grand scheme of things. I mean, it’s safe to get your signup bonus, but when it comes to major security breaches with these banks, your personal identity information is vulnerable. But your information is only secure as to the level of security of the bank. it’s rolling the dice when it comes to your identity.
That is a risk to think about and I’m sure some of these smaller banks or CUs have questionable security.