$150 Checking Bonus at Commonwealth Bank and Trust Company for KY, IN & OH Residents


Commonwealth Bank and Trust Company is offering up to $150 for opening its Extreme Checking Account and making 15 payments using its internet Bill Pay service. You'll get $15 for each bill payment for up to $150. Refer to the bank's promo page for more details. Below is the offer's small print:
Offer valid for new Extreme Checking accounts only. Account must be open for at least 60 days to earn cash bonus. One bonus per customer. Maximum bonus of $150. No minimum balance required; however, you must deposit $100 to open account. Miscellaneous income reportable to the IRS.

The Extreme Checking account is a high-yield reward checking account that I first reported on in 2008. It's currently paying 4.50% APY on balances up to $25K, and the rate is guaranteed through the Derby 2010 (starts on the first Saturday in May). Refer to my account review for more details. A commenter in that post reported that there's no hard pull in the application. I've sent an email to confirm. Update: I received the following reply about the credit inquiry: "It is a soft inquiry that will not impact your credit score."

It's rare to see both an attractive bonus and reward checking account.

There's an online application for the account, but it states on the Extreme Checking page that it's only available for residents of Kentucky, Ohio and Indiana.

Thanks to the reader who commented on this deal.

Other Bank Bonuses

To find other bonus deals, please refer to my bank bonus page which has all of my recent bank bonus posts.
Related Pages: checking account

  |     |   Comment #1
Darn, did not get in when it was nationally availble; now mssing the $150; adding salt to injury...
  |     |   Comment #2
Does this mean it has to be a recurring payment? If yes, I don't think I have 10 unique bills to be paid each month. The "automatic" part is what's throwing me off.
  |     |   Comment #3
I emailed them about it, and they said that it does need 10 unique automatic payments set up, and then at the end of 60 days you get 15 bucks for each one you have set up.

You can also add people to be paid instead of companies. The fine print just says "payee" for the bonus so that should work.
High-Yield Reward Checking Account at a Kentucky Bank (Commonwealth Bank & Trust Company)

Update 1/7/11: The rate is now 3.25% APY up to $15K.

Commonwealth Bank & Trust Company is offering a reward checking account called Extreme Checking. It pays 3.25% APY on balances up to $15,000 (1.00% for above) and refunds ATM fees of up to $25 per cycle if the following monthly requirements are met:

  • 10 debit card purchases
  • one direct deposit or ACH debit
  • receive electronic statements

If these are not met, the rate falls to 0.10%. Minimum intial deposit is $100. There are no monthly service charges and no minimum balance requirements.

Update 9/23/09:...

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