Update 1/20/2012: This promotion has expired.
Gateway Bank of Florida is offering a $100 bonus for opening any new checking account and for establishing direct deposit. The $100 will be deposited into your new account after the first direct deposit is posted. This promotion is listed on the bank's front page as of 10/10/2010. Here's the
link to the bank's promotion flyer. Below is the small print of the offer:
Reward subject to opening a checking account with a $100 minimum balance (not including direct deposit bonus) and establishing a valid direct deposit relationship with Gateway Bank. Direct deposit must be established within 90 days of account opening. Limit of one reward bonus per account holder. Account must remain open for a period of six months or reward will be debited from account at closing. Account is subject to approval. Account maintenance fees may apply. 1099 will be provided for all cash rewards. Offer subject to change without notice.
The bank's Personal Checking Account has no minimum balance requirement and no monthly maintenance fee.
A branch visit appears to be required to open an account. Branches are located in the Central Florida cities of Daytona Beach, Ormond Beach and Port Orange.
The bank's overall health score at DepositAccounts.com is 4 out of 5 with a Texas Ratio of 15.03% (excellent) based on 6/30/2010 data. Please refer to our financial overview of Gateway Bank of Florida for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58176).
Thanks to the reader who emailed me news of this promotion.