Earn Up To $200 With Flushing Bank’s Complete Checking Bonus

POSTED ON BY

Availability: Market area is New York and New Jersey

After reading my blog post earlier this week about Flushing Bank’s 9-month CD (1.11% APY), a long-time DA reader contacted me with information about Flushing Bank’s latest checking bonus.

Marketed as "Complete Control. Complete Access. Complete Banking.", it offers up to $200 in bonuses on new Complete Checking and Complete Checking Plus accounts.

Bonus Qualifying Requirements

  • Direct Deposit - $100 for a recurring Direct Deposit of $250 or more. (Must be completed within 90 days of account opening.)
  • Debit Card - $50 for five completed debit card purchases of at least $25 each. (Must be completed within 60 days of account opening.)
  • Online Banking Bill-Payment - $50 for five completed online banking bill-payments of at least $25 each. (Must be completed within 60 days of account opening.)

Bonus Limitations

  • Not available to existing Flushing Bank checking customers, defined as "anyone who currently has or has had a Flushing Bank checking account within the last 24 months."
  • Offer limited to one Complete Checking or Complete Checking Plus account per household.
  • Complete Checking account minimum opening deposit is $25, while the Complete Checking Plus account requires a $100 minimum opening deposit.
  • Opening deposits must be new money.
  • No minimum balance required to be eligible for the Bonus.
  • Bonuses will be credited to the checking account on or about the end of the month following the completion of the qualifying transactions.

Availability

Flushing Bank has branches located throughout the New York City metropolitan area (including Long Island), and offers its services and products to U.S. residents, 18 years or older, in New York State and New Jersey.

Applying for the "Complete Control. Complete Access. Complete Banking." $200 bonus can be done online, or with an in-person visit at any of 19 New York branches located in Queens (9), Brooklyn (5), Manhattan (2), and Nassau County (3).

Bank Overview

Flushing Bank (FDIC Certificate # 58564) has an overall health rating of "A" at DepositAccounts.com, with a Texas Ratio of 5.89% (excellent), as of December 31, 2015. Flushing Bank increased its total deposits by $381.84 Million in the past year, an excellent annual growth rate of 10.86%. Please refer to our financial overview of Flushing Bank for more details.

Flushing Bank was established in 1929 as the Flushing Savings Bank in the Borough of Queens, New York. After 80 years of growth in size and scope, the Bank was renamed in 2010. With assets in excess of $5.7 Billion, it is the 20th largest bank in New York State and the 179th largest bank in the nation.

How the $200 Bonus Compares

Since this is an incremental bonus, a comparison using all the variables quickly becomes messy, so I have chosen to focus on the $100 portion of the bonus. Therefore, assuming a fee-free Complete Checking account is opened with the required minimum $25 deposit and the required minimum of $250 in direct deposit:

  • $275 for 120 days in a Complete Checking account = $100 bonus
  • $275 for 120 days in a savings account earning 1% = $0.91

The above rates are accurate as of 4/8/2016.

Other Bank Promotions and Bonuses

Not eligible for Flushing Bank’s $200 checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.

Comments
Flushing Bank (NY) Boosts Rate On 9-Month CD
Availability: Market area is New York and New Jersey.

Earlier this week, New York based Flushing Bank raised the rate on its 9-month CD (1.11% APY). The minimum opening deposit is $5K and there is no maximum balance cap.

This is the first rate increase for the 9-month CD in over four years; the previous rate was 0.15% APY.

According to the Terms and Conditions document, the Early Withdrawal Penalty reads as follows:

As DA readers are well aware, Flushing Bank has a reputation for offering competitive rates...

Continue Reading
Flushing Bank (NY) Raises Rate On 18-Month CD
Availability: Market area is New York and New Jersey

Yesterday, New York’s Flushing Bank raised the rate on its 18-month CD (1.50% APY). This is the first rate hike for the 18-month CD in over three years; the previous rate was 0.15% APY. The minimum opening deposit is $5K and there is no maximum balance cap.

According to the Terms and Conditions document, the Early Withdrawal Penalty reads as follows:

Flushing Bank has a well-earned reputation for good rates that don’t last long. In March 2012,...

Continue Reading
Flushing Bank and iGOBanking Raises Rate On 36-month CD To High Level

Flushing Bank (New York) and its internet division, iGOBanking, have both raised the rate on their 36-month CD (1.70% APY). Flushing Bank’s 36-month CD requires a minimum opening deposit of $5K, with no maximum balance cap, while the iGOBanking 36-month iGOCD only requires a $1K initial deposit.

According to the CD Disclosure page, the Early Withdrawal Penalty for both Flushing Bank’s and iGOBanking’s 36-month CDs is as follows:

Both Flushing Bank and iGOBanking have well-earned reputations for good rates that don’t last long. Last month’s "CD du jour," a...

Continue Reading
Flushing Bank Raises Rate on 30-Month Bump Up CD

In late September, Flushing Bank (New York) introduced a promotional 6-month CD (1.00%APY), with the caveat, "Hurry, an offer like this can’t last forever! " True to their word, it’s gone, but there’s a new promotional CD in town: a 30-month Bump Up CD (1.40% APY).

This 30-month CD is available for new accounts and new money only: funds cannot be transferred from an existing Flushing Bank account. The minimum opening deposit is $5K, with no maximum balance cap. The interest rate is fixed for the term of...

Continue Reading
Flushing Bank Offers High Rate 6-Month Promotion CD - NY and NJ

Flushing Bank (New York) is offering a new, promotional 6-month CD (1.00%APY). Unlike Flushing Bank’s other CDs that can be opened with a $5K minimum deposit, this 6-month CD requires a $25K minimum deposit. Any balance under the $25K minimum earns 0.15% APY.

This 6-month CD is available for new accounts and new money only. Funds cannot be transferred from an existing Flushing Bank account. According to the Promo Details page, this may be a short-lived special:

Hurry, an offer like this can’t last...
Continue Reading

More Past Offers