Old Second Bank Bonus, Get $300 with New Checking+Savings (IL)

by thebestworldevents.com 7 April 2024 · Credit Card

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Old Second Bank Bonus

Old Second Bank Bonus, Get $300 with New Checking+Savings

Old Second Bank is offering a new bonus of up to $300 for customers who open a checking and savings account. The offer is available online but only for IL residents. Let’s see how this bonus works, and who is eligible.

How to Earn This Bonus

Use promo code PK2 when you open your new checking account online or visit a branch and mention this ad. Here’s how the offer works:

To receive the first $50 cash bonus
1. provide the offer code and open a new personal checking account, subject to approval
2. apply for, be issued, and activate a debit card tied to the personal checking account within 90 calendar days of account opening and
3. enroll in e-Statements within 90 calendar days of account opening.
To receive $100 cash bonus
1. you must first meet the requirements of the first $50 cash bonus and
2. receive two or more direct deposits totaling at least $500 in the personal checking account within 90 calendar days of account opening. For purposes of this bonus offer, a direct deposit is defined as any payment made by a government agency, employer, or other third-party organization that is made via an electronic deposit. A direct deposit does not include teller, ATM, mobile, remote deposits, or transfers between accounts at Old Second National Bank.
To receive the second $150 cash bonus
1. you must first meet the requirements of the first $50 cash bonus;
2. open a Money Builder Savings account, which requires a minimum opening deposit of $1,000;
3. build your savings by depositing funds; if your deposited funds total $5,000 on the 90th calendar day from the date you opened the personal checking account and your account has a positive balance, you will receive any cash bonuses for which you qualified by the 100th calendar day following the date you opened the personal checking account.

Eligibility

An account is not eligible to receive a cash bonus under this offer if 1) the primary account holder currently has an existing personal checking account (Basic Checking, Convenience Checking, Interest Checking, Interest Plus Checking, Military Checking, Minimum Balance Checking, Premier Checking, O2 Checking, Premier Plus Checking, Convenience Plus Checking and Prime Time Checking (“existing personal checking account”) at Old Second National Bank, 2) has had an existing personal checking account open in the 12 months prior to the date of account opening, or 3) the primary account holder has received a personal checking account-related bonus in the twenty-four months prior to the date of account opening.
The bonuses described in this ad are limited per primary account holder, regardless of the number of accounts opened.
Illinois residents only.

Account Fees

Money Connection Checking has a $50 minimum opening deposit. No required minimum balance. eStatements are free. $3.95 monthly paper statement fee. Paper statement fee does not apply if primary account holder is 65 or better.
Savings account has no monthly fee.
There’s a $25 fee if you close account within 90 days.

Guru’s Wrap-Up

Old Second Bank is offering a bonus of $300 for new checking and savings accounts. You get $50 hen you open the checking account and get the debit card and enroll in e-Statements. Then there’s a $100 bonus for two direct deposits totaling $500 or more. And lastly a $150 bonus for a Money Builder Savings account. It requires a $5,000 balance but from terms it looks like you just need to have that balance on the 90th calendar day from the date you opened the personal checking account. One thing to keep in mind is that this bank might be ChexSystems sensitive.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.