Fitness Bank $50 + $25 Referral Bonus For Each Party

Update 11/19/23: Bonus lowered from $100 for each to $50 for each. Also increased balance qualification from $100 to $5,000.

Offer at a glance

• Maximum Bonus Amount: $100 $50 + $25 for each party
• Availability: Nationwide
• Additional requirements: 15 debit transactions/ $100 $5,000 minimum balance
• Hard/soft pull: Unknown (soft according to customer service rep)
• ChexSystems: Unknown
• Credit card funding: Can fund up to $100 with a credit card
• Monthly fees: $10, avoidable
• Insured: FDIC

The Offer

Direct Link to offer

Fitness Bank is offering the following two referral offers:

• When your friend opens a Fitness Elite checking account, each of you gets $100 $50 bonus deposit, plus you each get 100,000 bonus steps.
  • Use promo code: Bonus+YOUR FRIEND’S NAME (no spaces, for example: BonusJaneDoe)
  • Qualifications: 15 debit card transactions must post to the new account in the most recent statement period (monthly statement that concludes 90 days at or after account opening). Also, the account must have a positive balance.
• When your friend opens a Fitness savings account, each of you gets $25 bonus deposit, plus you each get 25,000 bonus steps.
  • Use promo code: Bonus+YOUR FRIEND’S NAME (no spaces, for example: BonusJaneDoe)
  • Qualification: the account must maintain $100 minimum balance

Do Not Share Referrals In The Comments Below.

The Fine Print

• The Free Bonus Deposit offer ends December 31, 2023.
• Bonus is not available if referred person has an active account or has had one within the past 12 months.
• Accounts must be in good standing at time of payment and qualifications must be met.
• Bonus payment will be transferred into the newly established account and the account of the person making the referral within 45 days after the end of the 90-day qualification period that begins after account opening.
• Bonus may be subject to tax reporting, applicable 1099 may be sent for tax purposes and the customer is responsible for any applicable taxes.
• Due to privacy concerns, we cannot discuss the status of the referred account with the referrer.
• At time of application the referred person must enter in the promo code field the word Bonus + the referrer’s name with no spaces. Example – BonusJaneDoe.
• All accounts are subject to Bank approval. FitnessBank reserves the right to amend or cancel any part of this offer at any time without notice. Regular account fees apply and are subject to change at any time.
• Only one new account per customer is eligible for this Bonus.
• Existing customers may make referrals to multiple new customers.
• Individual making referral will have their bonuses capped at $1,000 per calendar year.

Avoiding Fees

This account has a $10 monthly fee; this is waived if you have a $10 minimum average daily balance.

Our Verdict

We’ve heard of the bank before due to their decent interest rates, see our original post on Fitness Bank here. This added $100/$100 referral sweetener is nice. I’d guess you can signup for both accounts and get both referral bonuses, but I’m not certain of that.

Do Not Share Referrals In The Comments Below. In this case, the referrals are the existing user’s full name, and we won’t make a referral post for this. Instead, try scouting around to find a friend who you trust has an account, and enter their name in the promo code field. Again, no discussion or requests or offers in the comments on DoC.

Hat tip to Chief Loss Leader