[PA, OH, IN, KY, or WV] First Commonwealth Bank $200/$400 Checking Bonus, Direct Deposit Not Required

Update 4/5/26: Bonus is now $200 or $400.Extra $200 just requires $2,000 or more in cumulative deposits within 60 days of account opening.Valid until 7/31/2026

Extended to 3/31/2026

People are spamming this thread with referrals, so we will no longer being allowing them.We are also removing referrals from people that have only left referrals on the site.

Extended to 12/31/2025

Extended to 7/31/2025

Extended to 6/30/2025

Update 2/5/25: Extended to 4/30/2025

Update 9/5/24: Extended until 1/31/2025.

Update 7/14/24: Deal is back through 8/31/24.

Requires 10 debit card transactions.Hat tip to John R

Update 5/14/24: Extended until 6/15/2024.

Update 1/14/24: Extended until 4/30/2024.

Update 5/24/23: Extended until 12/31/2023..

Update 4/19/23: Direct deposit no longer required.Hat tip to Scott

Offer at a glance

Maximum bonus amount: $200

Availability: PA, OH, IN, KY, or WV

Direct deposit required: No

Additional requirements: See below

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: 5/31/2023

The Offer

Direct link to offer

First Commonwealth Bank is offering a $200 bonus when you open a new checking account with promo code FCB400 and complete the following requirements:

complete 10 or more customer-initiated transactions, including deposits and withdrawals, that post and clear the account within 60 days of account opening

Get an extra $200 with $2,000 or more in cumulative deposits within 60 days of account opening

The Fine Print

Offer available to customers residing in First Commonwealth Bank markets (PA, OH, IN, KY, or WV) with no personal checking account relationship with First Commonwealth Bank at the time of account opening.To qualify for the $100 checking reward: 1) Open a new personal checking account by phone by calling 844.711.2265 or online at fcbanking.com by 5/31/2023 and use promo code ‘CHECKING200’ at the time of account opening; AND 2) Complete one (1) direct deposit of $500 or more within 60 days of account opening.

Qualifying direct deposits may include electronically deposited funds by an employer or an outside agency such as a paycheck, pension, or Social Security.

To qualify for the additional $100 savings reward: 1) Open a new Hometown Savings, American Dream Savings, Hometown Money Market or Relationship Money Market account by phone by calling 844.711.2265 or online at fcbanking.com; 2) Establish a “savings goal” using Money Manager; AND 3) Maintain a minimum daily balance of $500 in the new savings/money market account for at least consecutive 60 days.To qualify for the additional savings reward, you must first meet all qualification requirements to earn the checking reward, and the savings requirements must be met in full within 6 months of opening the qualifying checking account.Account opening is subject to approval.Minimum opening deposit requirements apply and vary by account type, ranging from $25 to $50 for checking accounts and from $0 to $1,000 for savings/money market accounts.Variable-Rate Annual Percentage Yield (APY) for the Hometown Checking + Interest, savings and money market accounts vary by tier.

For example, as of 2/23/2023, the Hometown Checking + Interest APY by tier is: 0.01% for $500+, $2,500+, and $10,000+.The Hometown Savings APY by tier is: 0.02% for $0.01+, $1,500+, and $10,000+; 0.04% for $25,000+ and $50,000+.The American Dream Savings base APY is 0.03% and will be increased by 0.04%, up to a maximum rate of 0.15%, when additional accounts within the following product groupings are included in the Relationship: 1) Checking Account or Money Market Account, 2) Certificate of Deposit or Individual Retirement Account, 3) Consumer Loan (Installment, Home Equity, Personal Line of Credit, Mortgage or Time and Demand); Multiple accounts within the same product grouping will count as only one.The Hometown Money Market APY by tier is: 0.02% for $0.01+; 0.04% for $20,000+ and $50,000+; 0.06% for $100,000+, $250,000+, and $2,000,000+.

The Relationship Money Market APY by tier is: 0.02% for $0.01+; 0.04% for $20,000+ and $50,000+; 0.06% for $100,000+, $250,000+, and $2,000,000+.The interest rates quoted are the current Non-Relationship rates.In order to qualify for the Relationship Rates, the primary or joint owner on the Relationship Money Market must also be a primary or joint owner on a Hometown Checking + Interest + Solutions account.Visit fcbanking.com for the current Relationship rates.

Rates and APY may change after the account is opened.Fees may reduce earnings on the account.Earned checking rewards will be credited to active checking accounts within 60 days of all requirements being met.Earned savings rewards will be credited to active savings accounts within 60 days of all requirements being met, which includes the requirements to earn the checking reward.All earned rewards will be identified as “Promotional Credit” on your monthly statement.

Offer is exclusive, not transferable, and limited to one checking and one savings reward per customer.Offer may be extended, modified or discontinued at any time.The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income.Please consult your tax advisor regarding your specific situation.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is EATF.

Our Verdict

There is also a small business checking bonus, but this bonus seems to be open in more states.

Useful posts regarding bank bonuses:

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.