State Bank Of India (California) $150 Checking Bonus [CA]

Find updated promotions and bonuses from State Bank of India (California) here. Typical promotions in the past have been for $100 to $200 cash.

Established in 1982 and headquartered in Los Angeles, California, State Bank of India has just nearly 10 locations in the state.

READ MORE: See Bank Offers From Chase Bank, U.S. Bank, TD Bank, BMO Harris, And Bank Of America

State Bank of India often has a good rate offer for their Money Market account, but the minimum balance will be hefty (often $200k for the best rate). Compare their rates to the nation’s best here: Savings/Money Market rates | CD rates.

I’ll review the current offers below.

[Expired] State Bank Of India (California) $150 Checking Bonus

This $150 bonus offer is for a new Signature Checking account and direct deposit will be required.

• $150 bonus offer has no listed expiration date and can end at any time
• Available in California only
• Signature Checking Account is eligible for the bonus
• Application will trigger a Soft Pull, which does not affect your credit
• Monthly fee can be waived (see below)
• Minimum opening deposit is $100
• If you close your account within 6 months of opening you will forfeit the bonus

How To Earn The $150 Bonus

• Open a new Signature Checking account
• Meet all the following required conditions for 3 consecutive statement cycles within 5 statement cycles from the date of opening the account:
  • At least 1 Direct Deposit of $500.00 or more from pension, credit of your salary, Social Security or other regular monthly income (for 3 consecutive statement cycles).
  • At least 2 Point-of-sale (POS) debit transactions (for 3 consecutive statement cycles).
  • Register for eStatements after enrolling in State Bank of India (California)’s Consumer Online Banking Service.
• If your account meets all the required conditions above, the account is eligible to receive a one-time $150.00 reward credit after 120 days.
• Reward will be credited to the account at the end of fifth statement cycle.
• If your account is closed before the credit is applied, you will forfeit the $150.00 reward credit.

How To Waive The Monthly Fee

To waive the monthly fee, either have a Minimum Daily Balance of $2,000 in the account or Combined Daily Balance of $7,500 in consumer linked checking or savings deposit accounts. Otherwise, an $18 monthly fee will apply.

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