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This $100 bank offer for New Yorkers is from Apple Bank, which has 77 branches throughout the region.
They’re also offering a pretty decent rate on their interest earning Grand Yield NOW Checking accounts (currently at 0.50% APY). Plus, there’s another special offer on a 2-year CD with them as well at 1.05% APY, but you’ll find much better CD-rates here.
*See Apple Bank’s Business Checking promotion here
But, Here’s How To Get The $100 Bonus…
First, direct deposit IS required for this promo.
The two checking accounts that qualify for the offer are the Grand Yield NOW Checking and Totally Free ExtraValue Checking accounts.
To get the $100 bonus, you’ll have to set up a recurring direct deposit within 60 days of opening your account. A direct deposit usually must be payroll, government benefits, or pension benefit checks. You can see other possible alternatives for direct deposit requirements here.
The minimum opening deposit for both Checking account options is $100. For the Grand Yield NOW Checking account, but sure to carry a minimum balance of $2,500 to avoid the monthly maintenance fee, and to earn interest.