State Bank (yourstatebank) $300 Checking Bonus — Easy Direct Deposit Offer [IN, OH, MI]

If you’re looking for a simple checking account bonus without complicated hoops, State Bank is currently offering $300 when you open a new Cash Rewards Checking account and set up direct deposit.

This promotion is effective as of January 30, 2026, and it’s one of the more straightforward personal checking bonuses available right now.

Here’s exactly how it works.

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How to Earn the $300 Bonus

To qualify for the $300:

1. Open a new Cash Rewards Checking account
2. Set up a qualifying direct deposit within 60 days of account opening
3. Receive a qualifying direct deposit into the account

That’s it.

Once you meet the requirements, State Bank will deposit the $300 bonus within 30 days.

Trending Checking Account Deal:

Chase Checking Bonus: Earn an Easy $400 Checking Cash Bonus*

Open a new Chase Total Checking® account and earn a $400 cash bonus* when you receive $1,000 or more in qualifying direct deposits within 90 days of coupon enrollment. Avoid the...Show More

Open a new Chase Total Checking® account and earn a $400 cash bonus* when you receive $1,000 or more in qualifying direct deposits within 90 days of coupon enrollment. Avoid the $15 monthly fee with qualifying deposits or balances, and enjoy access to 5,000+ branches and 14,000+ ATMs nationwide. Offer ends 10/14/26. Show Less

Earn $400

Go to the deal

Important:

• Minimum opening deposit: $25
• Must not already have a checking account with State Bank
• Not valid for business accounts
• Not combinable with other checking promotions
• Bonus will be reported on 1099-INT for tax purposes
• A $25 early closure fee applies if you close the account within 180 days

What Counts as a Qualifying Direct Deposit?

A qualifying direct deposit must be an electronic deposit of:

• Salary or wages
• Pension
• Social Security
• Other regular monthly income

Transfers from:

• Zelle
• Person-to-person payments
• Branch or ATM deposits
• Online transfers
• Mobile deposits

…do not count.

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What You Get With Cash Rewards Checking

In addition to the $300 bonus, this account includes:

• Online & Mobile Banking
• Mobile Check Deposit
• BillPay
• Access to 45,000+ ATMs
• 5¢ cash back on every debit card purchase
• Complimentary first box of specialty checks

The account does not earn interest.

Monthly service fee: $8
Fee waiver: Maintain a $500 minimum daily balance OR use 3 qualifying services.

Other Checking Options at State Bank

If Cash Rewards isn’t the right fit, State Bank also offers:

• Smart Rewards Checking (tiered interest)
• Classic Rewards Checking
• Flex Checking (lower monthly fee, simple structure)
• Student options under Next Gen Advantage (ages 18–25)

But only Cash Rewards Checking qualifies for the $300 bonus under this promotion.

Is This Bonus Worth It?

This is one of the easier checking bonuses to earn because:

• No large deposit requirement
• No minimum balance required for the bonus itself
• Just one qualifying direct deposit needed
• Only $25 to open

If you’re already planning to switch direct deposit, this is a low-effort $300.

Just keep the account open at least 180 days to avoid the early closure fee.

TRENDING DEAL:

Chase Private Client Bonus: Earn Up to $3,000 with a New Checking Account*

Bring your money where it’s treated differently. Open a Chase Private Client Checking account and earn up to $3,000 in cash bonuses* when you move qualifying new money to Chase...Show More

Bring your money where it’s treated differently. Open a Chase Private Client Checking account and earn up to $3,000 in cash bonuses* when you move qualifying new money to Chase Private Client. Deposit $150,000–$249,999 to earn $1,000, $250,000–$499,999 to earn $2,000, or $500,000+ to earn the full $3,000. Meet with a Private Client Banker in-branch, transfer eligible funds within 45 days, and maintain your balance for 90 days to unlock premium relationship banking, priority service, and access to J.P. Morgan Wealth Management. Offer ends 10/14/26.* Show Less

Up to $3,000 Cash Bonus

Go to the deal

Bottom Line

The State Bank $300 Cash Rewards Checking bonus is a simple, clean promotion:

• Open with $25
• Set up qualifying direct deposit within 60 days
• Get $300 within 30 days after qualifying

If you’re comfortable moving your direct deposit and don’t already bank with State Bank, this is a straightforward way to earn a quick $300 in 2026.

As always, confirm eligibility and review the full account terms before opening.