[NC, VA, In Branch only] Carter Bank $300 Checking Bonus

Offer at a glance

• Maximum bonus amount:
• Availability: NC, VA In branch only
• Direct deposit required: Yes, $1,000+
• Additional requirements: $500 average balance
• Hard/soft pull: Unknown
• ChexSystems: Yes, sensitive
• Credit card funding: Unknown
• Monthly fees: None 
• Early account termination fee: $15, 90 days
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Carter Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements within 90 days of account opening:
  • direct deposits totaling $1000
  • maintaining an average daily balance of $500

The Fine Print

• Offer available for a limited time and only on new Lifetime Free, Lifetime Plus, and 50+ Interest Checking Accounts.
• Terms are subject to change without notice.
• Qualifying 90 days starts on the day the account is opened.
• Over these 90 days, qualification requirements include setting up and direct deposits totaling $1000; and maintaining an average daily balance of $500. All deposits and average daily balance must be in place by 8PM eastern standard time on the 90th day.
• The $300 cash incentive will be deposited into the same account within 30 days after the 90th day and only if all qualifications are met. 
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Lifetime free has no monthly fee to worry about. 

Early Account Termination Fee

$15 if closed within 90 days according to this fee schedule, need to keep account open longer than that anyway. 

Our Verdict

Need to know if this is a hard or soft pull, but you should be able to find that out before opening the account in branch. 

Hat tip to reader Gadget

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