DOC Compass — Offers, decoded

Deal has ended, view more bank account bonuses by clicking here.

Update 4/4/22: Extended until April 30, 2022.

Update 2/16/22: Deal is back and valid until 3/31/22. Hat tip to Another DP

Update 10/9/21: Deal is back again. Hat tip to reader Gadget.

Update 5/6/21: Deal is back and valid through 6/30/21. Hat tip to Hoops

Offer at a glance

Maximum bonus amount: $250
Availability:OH, MI, IN and PA
Direct deposit required: Yes, $100+
Additional requirements: See below
Hard/soft pull: Soft pull, make sure to opt out of overdraft protection
ChexSystems: Unknown
Credit card funding: Up to $500
Monthly fees: None
Early account termination fee: 180 days, unsure on fee
Household limit: One (not enforced)
Expiration date: ~~March 31, 2021~~ June 30, 2021

The Offer

Direct link to offer

Premier Bank is offering a bonus of $250 when you a new checking account. Promo code is Smile (must use the proper capitalization). Bonus is broken down as follows:
- Receive $50.00 for the completion of 10 debit card Point-of-Sale transactions ($10.00 minimum)
- Receive $50.00 for the completion of a People Pay transaction ($10.00 minimum)
- Receive $50.00 for the completion of a Mobile Deposit transaction ($10.00 minimum)
- Receive $50.00 for the completion of a Bill Pay transaction ($10.00 minimum)
- Receive $50.00 for the completion of Direct Deposits ($100 total minimum)

The Fine Print

Your use of Premier Bank Mobile Banking services are governed by the Terms and Conditions document given during enrollment.
Offer valid for new customers opening a checking account, does not include Access Banking account.
Receive $50.00 for the completion of 10 debit card Point-of-Sale transactions ($10.00 minimum) within 45 days of account opening.
Receive $50.00 for the completion of a people pay transaction ($10.00 minimum) in 45 days account of account opening.
Receive $50.00 for the completion of a mobile deposit transaction ($10.00minimum) in 45 days account of account opening.
Receive $50.00 for the completion of a bill pay transaction ($10.00minimum) in 45 days account of account opening.
Receive $50.00 with a minimum direct deposits equaling $100 for the first 45 days of account opening.
Incentives will be deposited into your new checking account 90 days after account opening and after the completion of the corresponding requirements.
Offer not available to existing Premier Bank checking account customers, those with a Premier Bank checking account closed within the past twelve (12) months, and employees of Premier Financial Corp. and their immediate family members living in the same household.
May not be combined with any other offer, and only one offer valid per person per calendar year.
Subject to change without notification.
One offer per household.
Minimum $50.00 deposit to open.
Offer valid from 2/01/21 – 3/31/21.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Simple checking account has no monthly fees to worry about.

Early Account Termination Fee

A fee is charged if account is closed within 180 days.

Our Verdict

This is a different bank to the Premier Bank in Iowa. A lot of requirements for the full bonus, if anybody goes this bonus then share your experiences in the comments below.

Hat tip to reader Scott S

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