Update 6/13/26: Bonus now $400 and valid until 12/31/2026.
Postponed until 12/31/25
The offer expires on 31.12.2024
Offer at a glance
- Maximum bonus amount: 200 dollars
- Availability: FL, IN, KY, OH & TN only
- Direct deposit required: Yes, $100+
- Additional requirements: See below
- Hard/soft pull: Gentle pull
- ChexSystems: Unknown
- Credit card financing: Up to $500 online, not sure if it’s possible in branch
- Monthly fees: ANY
- Early account closure fee: Unknown
- Family boundary: None listed
- Expiration date: 31.12.2023
Offers
- Republic Bank offers a $200 bonus when you open a new business or personal account and meet the following requirements:
- Use promo code ADV
- must perform (3) or more ACH (direct deposit) credits and
- (10) or more Point of Sale (POS) transactions within the first 90 days of account opening
Fine Press
- To be eligible to earn the reward on a new checking account, applicants opening a business checking account cannot have any existing business checking account relationship (primary, secondary, joint or cosigner), and applicants opening a personal checking account cannot have any existing personal checking account relationship (primary, secondary, joint or cosigner), and account conversions are not eligible.
- Newly opened checking accounts are eligible for only one transaction-based reward within the first three (3) statement cycles.
- To receive the reward, the personal or business checking account opened must complete a combination of five (5) or more of the following transactions within each of the first three statement cycles: Direct Deposit (an ACH credit) of at least $100, a Bill Pay debit of at least $25, a Point of Sale (POS) debit of at least $10, or cycle-ending OS transaction) or an ACH Debit of at least $25.
- All cash rewards will be deposited into your account on the first business day of the statement cycle following the statement cycle that qualifying activities have completed. Offer subject to change without notice.
- Rewards are reported on 1099-INT.
- This program may be modified or canceled at any time without notice to either party.
- Employees of the Bank of the Republic are not eligible.
- Accounts for which a Republic Bank employee is a signatory (Business and Personal Accounts) are not eligible
- . Savings accounts are not eligible.
- Offer valid only with promotional code. Some restrictions apply.
- A valid ID is required. Refer to RepublicBank.com for current information on Republic Bank checking account products, including APY, fees, charges, minimum opening deposit requirements, as applicable.
- The offer expires on 31.12.2023.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
These accounts have no monthly fees to worry about
Early account termination fee
I couldn’t find a fee schedule so I’m not sure if there is an early termination fee or not.
Our verdict
The terms seem a bit confusing as the fine print says personal or business but the main part of the bonus makes it seem like it’s only a business check? We have seen one $200 personal check bonus in the past.
Hat tip to the Ace reader
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