[IN] GBC Bank $300 Checking Bonus

Update 9/20/26: New offer for $400. Now requires three consecutive statement cycles of $300+ each. 

Offer at a glance

• Maximum bonus amount: $300
• Availability: IN only?
• Direct deposit required: Yes, $300+
• Additional requirements: None 
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: Unknown 
• Monthly fees: None with paperless statements
• Early account termination fee: $25, 90 days
• Household limit: None listed
• Expiration date:November 30, 2026

The Offer

Direct link to offer

• GBC Bank is offering a $400 bonus when you open a new checking account and complete the following requirements: 
  • Open GBC Bank Easy Checking or On Campus Checking
  • Set up direct deposit totaling $300 for three consecutive cycles

The Fine Print

• Offer not available to existing GBC Bank checking account customers, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. You can receive only one new checking account opening related bonus every two years from account opening date and only
  one bonus per account.
• To receive the bonus:
  • 1. Open a new GBC Bank Easy Checking or Campus Checking account, which is subject to approval; AND
  • 2. Have your direct deposits totaling $300 or more made into the new checking account within 90 days of account opening date.
• Your direct deposit must be an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. Person-to-person payments (such as Zelle®) are not considered direct deposits. Micro-deposits do not qualify as a direct deposit for the bonus.
• After all requirements are met, the bonus will be deposited into your account within 120 days of account opening. The account must remain open and unrestricted at the time of payout.
• Eligibility may be limited based on account ownership. Bonus is considered interest and will be reported on IRS Form 1099-INT.
• Offer availability is subject to change. Other GBC Bank bonus offers may exist concurrently.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Easy checking has no monthly fees with paperless statements ($2 with paper statements)

Early Account Termination Fee

$25, 90 days

Our Verdict

Seems like a relatively easy bonus, will be interesting to see what the footprint is like and what counts as direct deposit. Will add to our best bank bonus page. 

Hat tip to reader Max

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times