Update 5/31/26: The offer is back, this time for $250 and can be opened online. Hat tip to the reader Bockrr
Offer at a glance
Offers
- Horizon Bank offers a $250 bonus when you open a new checking account and meet the following requirements:
- Use promo code America250
- Make a recurring direct deposit of $500 or more
- Get a debit card and make 10 transactions
Fine Press
- To qualify for the $250 cash bonus, you must open a new Daily Checking account and, within 90 days of opening, make a qualifying recurring direct deposit of at least $500 or more and 10 debit card transactions at the point of sale (purchases with your debit card).
- A “qualified direct deposit” is a direct deposit of a paycheck, pension, social security or other eligible monthly income deposited electronically by an employer or outside agency into your new checking account.
- Person-to-person and bank transfers do not qualify.
- Bonus cash deposited directly into new checking account within 30 days of qualifying.
- Account must be in good standing at the time the bonus is issued.
- Limit one cash bonus per customer.
- Cash bonus is subject to 1099 reporting.
- The offer expires on 31.7.2026
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Checking every day has no monthly fee.
Early account termination fee
According to this comment there is a $25 fee if the account is closed within 90 days.
Our verdict
Kust keep in mind that there is at least one report that they are susceptible to ChexSystems. I will add it to the best bank bonuses. Previously this was a $300 bonus (in 2018) but required branch opening.
Useful posts about bank bonuses:
