Update 4/25/26: Extends through June 30, 2026
Back to $300 now. Added by 3/31/26.
Bonus now $400. Valid until 31.12.2025
Update 7/20/25: Offer is back and valid through September 30, 2025. Iowa only this time. Hat tip to the reader The other James
update 4/6/25: Offer is back in this new relationship and valid until 15.6.25. (ht to John R) Now only available to Iowa residents, apparently (?)
Offer at a glance
- Maximum bonus amount: 300 dollars
- Availability:
Nationwide (except California and Oregon)available to residents of Iowa, Wisconsin and Minnesota only - Direct deposit required: Yes, $250+
- Additional requirements: Yes, see below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: $5, avoidable
- Early account closure fee: 90 days
- Family boundary: None listed
- Expiration date: August 31, 2024
Offers
- Maxx: from Cedar Rapids Bank & Trust offers a $300 checking bonus:
- the account has been open for at least 30 days
- a recurring ACH transaction of at least $250 has occurred
- debit card was used
- the account has a positive balance.
Fine Press
- The $300 bonus will be paid when the following occur: the account has been open for at least 30 days, at least 1 qualifying direct deposit or direct debit, made through the Automated Clearing House (ACH) network, has been created with a minimum of at least $250 per transaction, posted per statement cycle, the debit card has been used, and the account has a positive balance.
- Claims must be completed within the first six months.
- The new customer cannot have closed a MAXX checking account from Cedar Rapids Bank & Trust within the previous 12 month period.
- Only new current account customers are eligible.
- Cannot be combined with any other offer. The account must be active at the time of bonus payment.
- Promotion ends on 31.8.24.
- The bonus will be reported to the IRS as appropriate.
- The customer will be responsible for any applicable tax on the bonus. Consult your tax advisor.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has a $5 monthly fee, this is waived if you receive eStatements (also a bonus claim)
Early account termination fee
There is an EaTF if it closes within 90 days.
Our verdict
thus Cedar Rapids Bank & Trust recently launched this new digital brand to go national, all still supported by the brick and mortar business also operating in all states now except California and Oregon. I wouldn’t be surprised to see this bonus pulled early when they see the influx of new accounts from this promotion, so keep that in mind if you’re interested (they contacted us to clarify that this is available nationwide though) Now the location is limited so it should be good. We will add this to our list best bank account bonusesespecially since the terms don’t seem to require an actual direct deposit.
Useful posts about bank bonuses:
Post History:
- Update 12/29/24: Bonus is back, but only $300 now (was $333). Valid until 28.02.24. Hat tip to the reader Ben
- Update 7/30/24: The offer is showing again, but now the states are only available to residents of Iowa, Wisconsin, and Minnesota.
- The bonus has now expired. They have stated that the offer will be honored for those who applied before the terms change and will look at opening it up again nationwide once they have processed the backlog.
- Update: They changed the disclosure now: “Accounts available only to residents of Iowa, Wisconsin, and Minnesota.” We hope there are no problems for those who have already registered.
