Now through February 11, 2017, Wisconsin-based North Shore Bank, FSB's (North Shore Bank) will reward new customers with up to $200 when opening a new checking account (Better-Than-Free, Perks, or Platinum Checking).
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- $100 – open a new North Shore Bank checking account by February 11, 2017.
- $100 – have least 10 debit card transactions OR set up Direct Deposit by March 31, 2017.
- New “personal households” only.
- May not have received a North Shore promotional reward in the past 12 months.
- Bonus(es) will be credited before April 28, 2017.
North Shore Bank has three different checking accounts: Better-Than-Free, Perks, and Platinum. One nice feature is that monthly fees ($4, Better-Than-Free; $12, Perks; $20, Platinum) are waived for the first three months following account opening. Beyond the initial three months, the monthly fees can also be waived if certain requirements are met, for example:
- Better-Than-Free - average balance of $750, or $2,500 in relationship balances, or any direct deposits, or 10 debit card transactions.
- Perks - $5,000 total deposits, or minimum daily checking balance of $2,000, or any loan balance.
- Platinum - minimum of $35,000 is maintained in deposits, Home Equity, or loan.
Other possible fees include a $40 early account termination fee if the new account is closed within 180 days of opening, and a $6 monthly fee for inactivity (after six months). Complete details are available on the Personal Checking Accounts page.
Headquartered in Brookfield, Wisconsin, North Shore Bank’s market area includes the eastern Wisconsin counties of Brown, Dodge, Kenosha, Kewanee, Manitowoc, Milwaukee, Monroe, Oconto, Outagamie, Ozaukee, Racine, Shawano, Walworth, Washington, Waukesha, and Winnebago, and McHenry County, Illinois.
Opening a North Shore Bank checking account and applying for the $200 bonus can be done online, (look for the “Special Offers” button on North Shore’s home page to find the promotion code) or at any of 50 Wisconsin branches or two Illinois branches.
North Shore Bank, FSB has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.89% (excellent), based on June 30, 2016 data. In the past year, North Shore Bank (FDIC Certificate # 28679) has increased its total deposits by $41.99 million, an above average annual growth rate of 2.88%. Please refer to our financial overview of North Shore Bank, FSB for more details.
North Shore Bank, FSB was established in 1923 as The North Shore Building & Loan Association, by a group of local teachers in a backroom of a local hardware store. In 1983, the Bank began a 33-year expansion, which included the acquisition of eight banks in Wisconsin and Illinois and two name changes. Today, North Shore Bank has assets in excess of $1.7 Billion and a market area that covers Wisconsin’s Lake Michigan border.
How the $200 Bonus Compares
With relatively easy requirements to avoid monthly fees, this seems to be an easy $200.
Other Bank Promotions and Bonuses
Not eligible for North Shore Bank’s 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.