$200 Bonus for Standard Bank's Reward Checking - IL & IN Only

POSTED ON BY

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50*%-$15kStandard Bank and Trust Co.My Green Checking
Accounts mentioned in this post. Rates as of September 24, 2016.

Update 10/26/2011: The promotion has been extended to 12/31/2011.

Standard Bank and Trust Co. is again having a checking account promotion with a $200 bonus. This new promotion is scheduled to last until 12/31/2011. It's listed at this bank's promotion page as of 9/6/2011. To qualify for the bonus, you must open a new e-checking or my green checking and meet the following requirements within 90 days of account opening:

  • Payroll direct deposit of at least $300 for two consecutive months
  • 12 signature-based (non-PIN) debit card purchases with each purchase value of at least $10

The details from the promotion's disclosure are included below:

Offer good 04/8/2011 thru 12/31/2011 and may be cancelled at any time without notice. This offer is for NEW CUSTOMERS RESIDING IN ILLINOIS AND INDIANA ONLY. Cash bonus of $200.00 will be credited directly to customer’s Standard Bank checking account within 90 days of verification of a minimum of $300.00 in payroll direct deposit credits per statement cycle for two consecutive statement cycles and verification that customer completed twelve signature-based (non-PIN) transactions over $10.00 each using their Standard Bank Debit MasterCard®. The recurring direct deposits must be made by an employer or an outside agency. Credit card cash advance transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify. In the event that we determine through our sole discretion that your account does not meet the eligibility criteria or the activity on your account does not qualify according to the restrictions above, we will not be obligated to credit your account with the payout. Minimum opening deposit for checking accounts is $100.00. Fees, minimum balance requirements and other charges may apply. This offer may not be used in combination with any other offer. One offer per household. Offer good on new my green checking and e-checking accounts only. Cash bonuses may be considered interest and may be subject to 1099 reporting.

Credit for this latest find goes to FW member Kaparosky who posted it in this FW thread. Note, some people have reported problems in receiving the bonus last year. Make sure you save a snapshot of the promotion terms and follow up with the bank if you don't receive the bonus within the time specified.

My Greeen Checking

Standard Bank made the requirements a little more difficult than last year, but unlike many checking account promotions, these checking accounts may be one you'll want to keep. The My Green Checking is a reward checking account with a 2.25% APY for balances up to $25,000 (as of 9/6/2011). I first reviewed this reward checking account in August 2009, and the 2.25% APY has held during that time. However, the balance cap and the second tier rate have fallen.

Availability

As mentioned in the promotion terms, the offer is only for residents of Illinois and Indiana. This is also the case if you just want to open the my green checking or e-checking accounts.

Standard Bank Overview

Standard Bank branches are located throughout Chicagoland and Northwest Indiana.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 27.59% (average) based on June 2011 data. Please refer to our financial overview of Standard Bank and Trust Co. for the full details. It has been a FDIC member since 1947 (FDIC Certificate # 16606).

Other Bank and Credit Union Bonuses

We have a new bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.

Comments
Standard Bank
Standard Bank (anonymous)   |     |   Comment #1
Thanks for the nice write up! I happy to announce that the promotion has been extened utnil 12/31/2011.
Updated Review of Standard Bank's Reward Checking Account - IL & IN Only

Update 5/8/2011: The balance cap has fallen from $50K to $25K.

Standard Bank's reward checking account, My Green Checking, doesn't offer the best reward checking rate, but it's one of the few reward checking accounts that still has a $50K balance cap instead of $25K. It pays 2.25% APY on balances up to $50K (1.01% over) as of 1/27/2011. I first reviewed this account in August 2009, and the rate and balance cap have held since that time. The monthly requirements are pretty typical with the main requirement being 12 signature-based...

Continue Reading
$200 Reward Checking Account Bonus at Standard Bank in IL & IN - Local Only

Standard Bank and Trust Co. is offering up to a $200 bonus for opening a checking account which can include its high-yield reward checking account. The promo is shown on their home page, and in the bank's promotions page as of 6/23/2010. According to the small print, the offer is good through 7/31/2010. Here are the requirements:

  • Receive $100 when 2 direct deposits (ACH credits) are received within 90 days of account opening and verification of a minimum of $300 per two consecutive statements cycle is met
  • Receive $100 within 90 days...
Continue Reading
2.51% 18-Month CD at Standard Bank and Trust Co. in Chicago - Local Only
Standard Bank and Trust Co. has a grand opening special 18-month CD with a 2.51% APY. Minimum deposit is $5,000, and the maximum is $75,000. This special CD is listed at the bank's promo page as of 8/28/09.

According to the bank rep, this CD is only available at the new branch in Chicago. The rep also said that this CD special requires an active checking account. The My Green Checking account qualifies. This is a reward checking account, and like most reward checking accounts it doesn't have any monthly fees...

Continue Reading
High-Yield Reward Checking Account at Standard Bank and Trust Co. in IL & IN - Local Only

Update 5/08/2011: The balance cap has fallen from $50K to $25K.

Standard Bank and Trust Co. is offering a reward checking account called My Green Checking. The account has the following rates if certain monthly requirements are met:

  • 2.25% APY on balances up to $25,000
  • 0.31% APY on portion of balance over $25,000
  • 0.05% base rate if qualifications are not met
  • ATM fee refunds worldwide up to $12 per cycle

The monthly requirements include:

  • 12 signature based MasterCard debit card purchases
  • One direct deposit
  • Receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • $100 minimum initial deposit
  • No...
Continue Reading
6.01% 12-Month CD at a Chicago Bank and 5.01% Checking (Standard Bank and Trust).
Standard Bank and Trust Co. is having a grand opening special with a 6.01% APY 12-month certificate of deposit. The minimum deposit is $5K and the maximum is $75K per family. New money is required. It's not available for business or IRA accounts. It also requires a primary checking account for the term of the CD with a minimum of 5 transactions per statement cycle. Offer expires on 11/18/06. This special is not listed at the bank's website. It was advertised in a Chicago newspaper. A scan of the ad...
Continue Reading