[MS Only] Grand Bank $200 Checking Bonus

Offer at a glance

Maximum bonus amount: $200

Availability: MS only

Direct deposit required: Yes, $1,000+ per month

Additional requirements: 5 debit card purchases

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: Unknown

Household limit: None listed

Expiration date: July 30, 2026

The Offer

Direct link to offer

Grand Bank is offering a bonus of up to $200 when you open a new checking account.Bonus is broken down as follows:

Earn $100 when you make 5 debit card transactions monthly within 60 days1

Get another $100 by adding a qualifying direct deposit or monthly external transfer for a minimum of $1,000 per month.

The Fine Print

After opening a new checking account, complete 5 debit card transactions within 60 days to earn a $100 bonus.

To earn an additional $100 bonus, set up a qualifying direct deposit or recurring ACH transfer totaling at least $1,000 per month.Bonuses will be deposited into your checking account within 75 days after qualifying requirements are met.

A qualifying direct deposit is a recurring electronic payment, such as payroll, pension, Social Security, or other government benefits, made by an employer or external agency.

Your account must remain open, in good standing, and maintain a positive balance at the time the bonus is credited, or the bonus will be forfeited.

Limit one bonus per person/account.

Offer available to customers age 18 or older.

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

Avoiding Fees

Monthly Fees

Simple checking has no monthly fee

Early Account Termination Fee

Unsure as I wasn’t able to find a fee schedule

Our Verdict

Always nice when you can get some of the bonus without a direct deposit.We don’t know anything about this bank so please share your datapoints in the comments if you do sign up.

Hat tip to reader Bockrr

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Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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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.