Some checking account bonuses can be a true pain in the ass to obtain. You need a bunch direct deposits, use a debit card 10 times and then keep the account open for 6 months or pay an early termination fee, etc etc. Thankfully this is not the case with a new offer from Citizens Bank.
The offer is available to residents in CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. One direct deposit of $1,000 or more within 60 days of account opening gets you a $450 bonus. If you can’t swing a DD of more than $1K, there’s a $200 bonus for one direct deposit of $500 or more. The Platinum Checking account that gets you $450 has a $25 monthly fee, but it’s likely not charged for a month or two and I can’t find anything about an early termination fee so once that bonus hits (it may take up to 90 days after the direct deposit according to the terms), just transfer the money out and close the account.
A reminder that bank account bonuses do count as taxable income so you will get a 1099 form for any bonus you receive.
Here’s the link to the offer.