bank rates

Nationwide Bank: $200 Checking Bonus

hand touching the combination lock on a safe.Nationwide Bank is offering a $200 bonus to any U.S. saver who opens a checking account with the online bank and sets up a direct deposit.

You must open an E-Checking account by Oct. 31. A $50 minimum deposit is required.

You’ll need to use the offer code 03104481 to take advantage of the deal.

Within 60 days of opening the account, you’ll need to receive a direct deposit of at least $200. You must keep the account open for at least 90 days. After you’ve passed the 90-day mark, the $200 bonus will be added to your account within two weeks.

The offer is only available to new Nationwide checking account customers. Details are available at the bank’s website.

The E-Checking account also pays tiered interest, and Nationwide’s yields are considerably better than most checking accounts.

Balances below $2,500 earn 0.10% APY; balances from $2,500 to $9,999 earn 0.30% APY; and balances of $10,000 or higher earn 0.60% APY.

You’ll also get six non-Nationwide Bank ATM transactions each month, though the ATM operator still may charge a fee. Nationwide customers get access to more than 76,000 free ATMs from Allpoint, PNC Bank, MoneyPass and Alliance One.

On the downside, you’ll pay an $8 monthly service fee for the E-Checking account unless you receive at least one direct deposit of $25 per month and make at least eight debit card transactions, or have a combined average daily balance in your Nationwide deposit accounts of at least $10,000. That excludes CD balances.

Nationwide Bank is owned by the insurance company and is based in Columbus, Ohio.

For more information, visit or call 877-422-6569

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