Dedicated to Deposits: Deals, Data, and Discussion

$100 Checking Account Bonus at a Chicago Bank (Foster)


Foster Bank has a checking promotion in which you can receive $100 for opening a new checking account with direct deposit. The $100 credit will be made when the bank receives the first monthly payroll direct deposit. It looks like a PayPal or other ACH transfer won't qualify. There's also a $100 bonus for a business checking account which can be any ACH deposit. Offer is scheduled to last through September 22, 2007.

Some other important details include: Minimum balance to open account is $200. An IRS form 1099 will be issued at the end of the calendar year. $100 fee if account is closed or direct deposit terminated within first 120 days.

Another nice perk is that the first order of personalized checks is free. It appears any of their checking accounts qualify including their FREEdom Checking which has no monthly minimum balance requirements or service charges.

Branches are located in Chicago and its suburbs. The bank is FDIC insured (FDIC Certificate # 27447).

Thanks to the reader daysha for mentioning this bonus in the comments of the finding deals post.

  Tags: Illinois, checking account

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Comment #1 by Anonymous posted on
Is this available online or over the phone?

Comment #2 by Anonymous posted on
I just called Foster Bank to inquire about opening a business account, and was told that you need to make an in-bank visit (the bank is not allowed to do online applications) A.B.-