WesBanco is offering a new checking account promotion that’s scheduled to last until July 1, 2011. On WesBanco’s promotions page, it states that you can earn up to $179. However, $50 of that bonus requires referring a friend. I don’t usually include refer-a-friend bonuses in new-account bonuses. Even without this refer-a-friend bonus, it’s still a pretty good deal. You can earn up to $129 without too much work. Here’s what is listed in the promotions page to qualify for the full $179 bonus:
- $50 for opening the account with an initial minimum balance of $50
- $50 after your first 30 debit card purchases within 90 days of account opening
- $29 for using direct deposit (2 direct deposits of at least $100 must be received within 90 days of account opening)
- $50 for referring a friend
Below is the offer’s important small print:
Customers with a current checking account, or who transfer funds from an existing WesBanco deposit account, are not eligible for the bonus. The minimum balance to open an account and receive the bonus is $50. Account opening: $50 Bonus will be credited to the account 90 days from the day the account was opened. Debit card purchases: Within 90 days of account opening you must conduct 30 debit card transactions to receive the $50 bonus. Direct deposit: Within 90 days of account opening there must be two recurring deposits of at least $100 to receive the $29 bonus. Refer a friend: $50 bonus will be credited to the account after the referred friend opens a checking account. May not be used in combination with other offers, are subject to change without notice and limited to one per customer. Customers that have received a new account opening or debit card usage bonus on any previous WesBanco checking account are not eligible for this offer. Employees are not eligible for bonus. Offer valid through July 1, 2011.
WesBanco does offer a free checking account which has no minimum balance requirements or monthly fees. Online Bill Pay is free.
I've posted on similar deals from WesBanco over the last couple of years. In those past posts readers have commented that WesBanco does require a branch visit.
Most of WesBanco branches are located in Ohio and West Virginia. There are also two branches in Pennsylvania southwest of Pittsburgh.
WesBanco has an overall health score of 5 stars (out of 5) with a Texas Ratio of 7.85% (excellent) based on December 2010 data. Please refer to our financial overview of WesBanco Bank for more details. The bank has been a FDIC member since 1934 (Certificate # 803).