If you’re looking for a simple checking account bonus without monthly maintenance fees, Exchange Bank is offering a limited-time $150 cash bonus for new Everyday Checking customers.
The promotion runs through June 1, 2026 and can be completed entirely online.
The offer is only available locally. If you’re looking for offers available nationwide, check out our top picks here—including huge offers from Chase, CIT Bank and Axos Bank that you won’t want to miss!
How to Earn the $150 Bonus
To qualify for the bonus, you must:
- Open a new Everyday Checking account with at least a $100 opening deposit
- Receive at least one qualifying direct deposit or ACH credit totaling $500 or more per month for 3 consecutive months
- Enroll in eStatements
The bonus is paid within about 150 days after account opening once all requirements are met.
Trending Savings Account Deal:
What Counts as a Qualifying Deposit?
Eligible ACH credits include:
- Payroll direct deposits
- Government benefit payments
- Other qualifying ACH transfer credits
You’ll need at least $500 in qualifying deposits each month for three straight months.
Why This Bonus Stands Out
A few things make this offer appealing:
- No monthly maintenance fees
- Relatively low deposit requirement
- Available online
- Access to 55,000+ Allpoint ATMs
- Straightforward bonus structure
Unlike some larger bank bonuses that require debit card purchases, large balances, or complicated activity requirements, this promotion is fairly easy to understand.
Potential Downsides
The main drawback is the waiting period. Since the requirements must be met over three consecutive months, the full bonus timeline can stretch close to five months before payout.
Also keep in mind:
- Bonus is taxable and reported on Form 1099-INT
- Account must remain open and funded at the time of payout
- Former Everyday Checking customers within the last 60 days are not eligible
Is Exchange Bank Worth It?
For people who want a low-maintenance checking account with a modest but easy-to-earn bonus, this is a solid regional bank promotion. It’s especially attractive if you already have recurring direct deposits that meet the $500 monthly requirement.
The lack of monthly maintenance fees also helps make this a more practical long-term account compared to some bonus-focused offers.
You can learn more or apply directly through Exchange Bank’s official website.
Discover more from MoneysMyLife
Subscribe to get the latest posts sent to your email.
