WesBanco has a new checking account promotion that's scheduled to last until July 7, 2014. You can earn up to $150 with checking account activities and $50 by referring a friend for a total of $200. To earn the full $200 requires some work. However, you can skip some of the requirements and still get most of the bonus. The offer is listed at this WesBanco promotions page. Below is a list of requirements to receive the full $200 bonus:
- $25 for opening account
- $25 for debit card use (15 debit card purchases)
- $25 for e-statement
- $25 for direct deposit (2 of at least $200)
- $25 for mobile deposit ($0.50 charge per deposit applies)
- $25 for online bill pay (2 bills)
- $50 for referring one friend who opens a checking account
The bank still offers the Basic checking account which is free with no monthly maintenance fees and no minimum balance requirement. However, there is now one catch. You have to select e-statements to keep it free. Otherwise, there’s a $4 monthly service fee unless you maintain at least a $500 minimum balance.
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 any of the bonuses. The minimum balance to open an account and receive the bonus is $50. Account Opening: Bonus will be credited to the account 90 days from the day the account was opened. E-Statement must occur and all other bonus activity must post to the account within 90 days of new account opening. Debit card: Complete 15 debit card purchase transactions. E-Statement: Activate E-Statement. Mobile Deposit: Make a mobile deposit - a $0.50 charge per deposit applies. Direct deposit: Make two direct deposits of at least $200. Bill Pay: Pay two bills. Refer a Friend: Bonus will be credited to the account after the referred friend opens a checking account. Bonuses: May not be used in combination with other offers, are subject to change without notice and limited to one per account. 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. Businesses and employees are not eligible for bonuses. Offer valid through 7/7/2014.
I've posted on similar deals from WesBanco over the last several 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 several branches in Pennsylvania in and around Pittsburgh.
WesBanco has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 4.69% (excellent) based on March 2014 data. Please refer to our financial overview of WesBanco Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 803).