FCNB Bank is offering an opportunity for residents of Missouri. By opening a new checking account and keeping it in good standing for 60 days, customers can receive a $200 bonus. This offer is exclusive and limited to one per household.
About FCNB Bank’s Offer
Having a checking account is essential for managing your finances, but with so many options available, it can be overwhelming to choose the right one.
FCNB Bank’s $200 checking bonus offer makes their new checking accounts a top choice for Missouri residents.
Terms and Conditions
Here are the terms and conditions for the $200 checking bonus offer:
- Available to new checking customers only, who have not had an open checking account with FCNB in the last 12 months
- Eligible accounts include Real Life Cash Back Checking, Real Life Interest Checking, My Life Checking, and Student Life Checking
- Offer is exclusive, not transferable, and is limited to one per household
- Bonus will be deposited into the checking account after the account has been open at least 60 days and is in good standing
- Bank will report the value of the offer to the IRS as applicable
- Promotion ends February 28, 2023
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
READ MORE: Best Free Checking Account Offers
Pros & Cons
PROS:
- Easy to receive bonus with no requirements
- No minimum deposit required to open account
- Option to keep account fee-free with eStatement
CONS:
- Offer is in-branch only
- Monthly service charge may apply if account balance is below $2,500
- Bonus is considered income and subject to taxes
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Bottom Line
The easiest account to keep fee-free is the MyLife Checking account, which has a $3 monthly service charge waived when statements are received through eStatement or if the account has an average daily balance of $2,500 or more during the statement cycle.
FCNB Bank’s $200 checking bonus offer is a great opportunity for Missouri residents to maximize their checking account. The offer is easy to receive with no requirements. However, it’s important to consider the fact that the bonus is in-branch only and considered income, subject to taxes.
READ MORE: WELCOME OFFERS FROM CHASE, BANK OF AMERICA, TD BANK, AXOS, AND BMO.
Frequently Asked Questions (FAQ)
Q: Is this offer available online or in-branch only?
A: The offer is in-branch only.
Q: Can I receive the bonus if I already have a checking account with FCNB Bank?
A: No, the bonus is only available to new checking customers who have not had an open checking account with FCNB in the last 12 months.
Q: Is there a monthly fee for the MyLife Checking account?
A: Yes, there is a $3 monthly service charge for the MyLife Checking account, but it can be waived if statements are received through eStatement or if the account has an average daily balance of $2,500 or more during the statement cycle.
Q: Is the bonus considered taxable income?
A: Yes, all bank account bonuses are considered income/interest and as such, you have to pay taxes on them.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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