Update 4/26/26: Extends through 9/30/26. Hat tip to the reader SG
Postponed until March 31, 2026. New promo code
Postponed until December 31, 2025
Extends to September 30, 2025
is extended until 30/6
Update 1/5/25″ Offer is back, in branch only. Valid until March 31, 2025. Hat tip paint_me_please
Update 9/29/24: Offer is back and valid through December 31, 2024.
Update 1/31/23: Offer is back and valid through December 31, 2023. Hat tip to the reader TOOL
Offer at a glance
Offers
- Hawthorn Bank offers a $300 bonus when you open a new checking account and meet the following requirements:
- Use promo code 2026CASH300
- Make at least two direct deposits totaling $500 or more into your new account within the first 90 days of account opening
Fine Press
- Offer not available to existing Hawthorn Bank checking customers.
- To claim the bonus: 1) Open a new qualifying checking account, subject to approval; AND 2) Make two or more direct deposits totaling at least $500 into this account within 90 days of account opening.
- Deposit accounts must be opened by December 31, 2022 when the offer expires.
- Qualifying personal checking accounts include any Hawthorn Bank checking account except Opportunity Checking and Opportunity First Step Checking. Checking accounts can be opened with a $25 deposit. Qualifying savings accounts include Personal Savings, More Savings or Vacation Savings Accounts. Qualifying savings accounts must be opened within 60 days of opening the new checking account in order to qualify for the $25 bonus.
- After the full 90-day qualifying period, qualifying customers will receive a direct deposit of $300 (and an additional $25, for those who opened and maintain a savings account in good standing) into their checking account within 2-6 weeks of the qualifying period end date. Please mention this offer or use offer code CASH300 to receive this incentive. Offer expires December 31, 2022.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
They offer a free checking account (this has a $3 fee if you don’t opt for paperless statements (and also an account offering 3.01% APY.
Early account termination fee
A $25 fee is charged if the account is closed within 30 days of opening fee schedule.
Our verdict
There is also a $150 business referral bonus. The requirements for this bonus are easy to meet and there are some good credit card financing available. Will add this to ours best control bonuses.
Hat tip to reader Curm
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