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First Citizens Bank $150 Checking Bonus

Man signing a checkResidents of 17 states and the District of Columbia can earn an easy $150 after opening a new checking account at First Citizens Bank.

The Raleigh, N.C.-based bank will pay you $150 if you complete one of three tasks within 60 days of opening either a Premier or a Prestige checking account.

You’ll receive the bonus if you do one of the following:

  • Receive a direct deposit of at least $500 from a regular income source, such as employment compensation, your pension or a government check.
  • Make five debit card purchases.
  • Make five electronic payments.

Once you fulfill one of those requirements, you’ll receive your bonus within 60 days.

Both the Premier and Prestige checking accounts require a minimum deposit of $100 to open, but unless you have a lot of money with First Citizens, the Prestige checking account probably isn’t worth your while.

With the Premier checking account, you’ll pay a $16 monthly service charge unless you have a combined daily balance in your checking, savings, money market, CD, IRA or investment accounts of at least $5,000.

You can also avoid a monthly fee by receiving direct deposits of at least $4,000 each month, having an equity line of at least $25,000 or having a home equity loan with First Citizens.

Prestige accounts have more restrictive requirements to avoid a $20 monthly fee, including at least $25,000 in combined deposit account balances.

Both accounts pay a lousy 0.01% APY, so don’t expect to earn any interest from your checking account.

The bank serves residents of Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, Tennessee, Texas, Virginia, Washington and West Virginia, and has more than 400 branches in those locations.

You can open a new checking account at a bank branch or online if you’re a resident of one of those states or the District of Columbia. Your account must be opened by Sept. 30 to qualify for the bonus.

For more information, visit www.firstcitizens.com or call 888-323-4732.

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