Banner Bank is offering a combo checking and savings or money market deal. Earn up to a $500 cash bonus for opening new accounts and meeting deposit requirements.
- Update 10/25/2023: The expiration date is fast approaching. It will likely get extended. If it doesn’t here’s another offer to take a look at, up to $600 from BMO Bank
- Update 7/26/2023: Offer has extended through 10/31/2023 and has increased to $500.
- Update 4/17/2023: Offer has extended through 6/30/2023.
- Update 2/27/2023: The offer has been extended through 2/28/23.
See the Posts History below for all offers from this institution.
Banner Bank Up To $500 Checking & Savings/Money Market Offer
- What you’ll get: Up To $500
- Where it’s available: CA, ID, OR, UT, WA
- How to earn it: Earn $500 or $200 new account bundle bonus.
- $500 Bonus: Open a new personal checking account and a new personal savings or money market simultaneously. Deposit $26,000 within 90 days and set up monthly auto transfer.
- $200 Bonus: Open a new personal checking account and a new personal savings or money market simultaneously. Deposit $2,000 within 90 days and set up monthly auto transfer.
- Use offer code 23BU when opening accounts online or at any Banner Bank branch.
- When it expires: 10/31/2023
Waive The Monthly Fee
There are no monthly service fees with the Connected Checking, Money Market Savings, and Banner’s Best Savings accounts.
READ MORE: WELCOME OFFERS FROM CHASE, BANK OF AMERICA, TD BANK, AXOS, AND BMO.
Fine Print
- Offer must be claimed by opening an account online at bannerbank.com or at a Banner Bank branch using the provided promo code.
- Existing clients with Banner Bank deposit accounts in the last 2 years are not eligible for the offer.
- Limit of one bonus per individual; one new checking account bonus every two years.
- Offer available to residents of OR, WA, CA, or ID only. Employees of Banner Bank and its affiliates are not eligible.
- $100 Checking Bonus: Open a new personal checking account and receive the bonus by either having $1,000 of direct deposits or maintaining a minimum daily balance of $1,000 for 30 days and 90 days, respectively.
- $400 Checking Bonus: Open a new personal checking account and receive the bonus by having $1,000 of direct deposits and maintaining a minimum daily balance of $25,000 for 30 days and 90 days, respectively.
- Bonuses will be deposited within 30 days after meeting the requirements, provided the account remains open and in good standing.
- Direct deposits must be paychecks, pensions, or government benefits and not Person to Person payments or mobile check deposits.
- Micro-deposits do not qualify as direct deposits.
- $100 Savings Bonus: Open a personal savings or money market account simultaneously with a checking account and deposit $1,000 or more within 30 days. Maintain a minimum daily balance of $1,000 for 90 days and set up monthly auto transfers of $25 or more from checking to savings.
- Minimum opening balances vary based on the account type.
- Service fees may apply based on the selected account(s).
- Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Consult a tax advisor for reporting bonus payments as interest to the IRS.
READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS
Bottom Line
They previously offered a $200 checking and savings bonus so this one is much better. Offer seems to renew often.
More from Banner Bank:
- Banner Bank Bonus: How to Earn Up To $500 Offer – Ends 12/31/24
- Banner Bank Bonus: Up To $600 Business Checking & Savings Promotion [CA, ID, OR, WA] – Ends 12/31/24
- Banner Bank $100 Checking Bonus [CA, ID, OR, UT, WA] – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Complete waste of time. Do not bother.