Update 6/20/26: There is now a $600 personal checking bonus and a $500 business checking bonus. Hat tip to reader LS
Update 10/29/25: Now $400
Update 1/27/25: The deal is now $550.
Update 8/25/25: Offer is back active at $525. Hat tip to the reader Gorb
Update 1/15/22: The deal is back, now $525.
Update 9/19/20: Deal is back, no end date listed. Now there is also a demand for savings. Hats off to him TOOL.
Update 4/20/20: Bonus increased to $500. The required direct deposit increased from $2,500 to $3,000 per month. Also added eSatement and debit card transactions. Hat tip to the reader not
Offer at a glance
Offers
- Fidelity Bank offers a personal bonus of $700 to $700:
- 350 dollars when you open a new qualifying direct deposit checking account and sign up for online banking and EZ Statements
- 100 dollars when you open a savings or money market account and maintain a qualifying balance ($10,000 for three months)
- 50 dollars when you open your account online
- $100 Debit Card Bonus: 20+ debit transactions/month for 5 months ($20/month)
- $500 business bonus (says $800 but is actually $500 since $300 is merchant services):
- 450 dollars when you open a new business checking account and maintain a qualifying balance while enrolled in digital banking
- Plus, up to 300 dollars with Commercial Services
- 50 dollars when you open your account online
Fine Press
- The offer is only valid for new personal current account customers.
- A $500.00 deposit will be made to your Fidelity Bank checking account when direct deposits or recurring loans of $3,000.00 per month are received for at least three (3) consecutive months.
- The request must be completed within one hundred and fifty (150) calendar days from the opening of the account.
- The deposit will be made on the first (1) business day after one hundred and fifty (150) calendar days from account opening.
- The minimum deposit to open a checking account can range between $25.00 and $1,000.00, minimum balance requirements and monthly service fees depend on which checking account is selected.
- Please consult Fidelity Banker for specific product information. Minimum balance requirements and fees may reduce earnings.
- The Annual Percentage Rate (APY) for Performance Checking or Platinum Checking accounts is 0.05% if the balance requirement of $2,500.00 is met. APY is current as of May 20, 2019 and may be canceled or changed at any time.
- Fees are variable and may change at any time.
- The bonus will be reported on IRS Form 1099-Misc.
- Cannot be combined with any other offer.
- Customers can only receive one new checking account and savings account opening bonus per calendar year.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly support check fee of $7
This account is easier to maintain with no fee, the $7 monthly fee is waived if you do any of the following:
- Average daily balance $1500 OR
- $400 monthly direct deposit
- or ten (10) Fidelity Visa® Check Card transactions with signature
Early account termination fee
There is a fee if it closes within 180 days, but I’m not sure what that fee is.
Our verdict
The previous best bonus was $200which required a savings account but lower direct deposit/recurring loan. This new bonus is significantly better because the bonus is $400 and the direct deposit/recurring credit is not that hard to meet. Because of this we will add this our list of the best bank bonuses.
Hat tip to reader Jeff L
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