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Earn a $50 bonus for qualified referrals (up to $500 yearly) with this offer from North Shore Bank (northshorebank.com). Typical promotions in the past have ranged from $50 to $400 in cash bonuses.
Update 12/14/2023: Updated expiration date.
Update 11/27/2022: The $300 offer has expired. Referral offer has returned. See below.
Established in 1923 and headquartered in Brookfield, Wisconsin, North Shore Bank has around 50 locations throughout Illinois and Wisconsin.
North Shore Bank $50 Referral Bonus, Up To $500
- What you’ll get: $50 bonus each
- Where it’s available: IL and WI
- How to earn it:
- Provide the names and email addresses for the friends you would like to refer
- We’ll send an email on your behalf with all the details on how they can open a new checking account and receive up to $100 with qualified transactions. (Don’t worry, we won’t use their email for any other marketing campaigns)
- For each referred friend that opens a new checking account by December 31, we’ll credit your account $50 (up to $500)
- When it expires: None listed
Fine Print
REFERRING CUSTOMER: Offer limited to referrals made during the promotion period: November 13 to December 31, 2022. We will credit your account $50 by February 1, 2023 for each new customer you refer who opens a new qualified personal checking account during the promotion period. Referral payments will be made for the first 10 qualified referrals for a total of $500 in account credits during a calendar year. For tax reporting purposes, a 1099 will be issued for bonus payments.
NEW CUSTOMER: One new customer incentive bonus per person every 24 months. Excludes Student Checking Account. New personal checking households only. Restrictions may apply. Debit card or direct deposit bonus of $10 will be credited to the new checking account each month after your statement cycles for up to 10 months provided you have had qualified debit card transactions totaling $100 or more or direct deposits totaling $500 or more for that statement cycle. ATM transactions will not qualify. Direct deposit must be payroll, Social Security, pension or other government benefits. Fees may be applied and could reduce earnings. Offer available until 12/31/2022. Monthly bonus payments will begin in March 2023, based on February 2023 statement activity. Customers who have closed accounts in the past year do not qualify. For tax purposes, a 1099 form may be issued. When opening online use promo code TAFDECEMBER2022. Incentive payment will not be paid if promo code is retrieved from a deals website. Not valid with other offers.
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I’m wondering if there is any way these promotions should be reported during annual tax season. I do accounting work for freelancers, and I can’t seem to find an answer to whether these promotions qualify as any type of income (which would then need to be filed on a 1099-MISC). Thanks in advance!