Local Bank – $250 – AL

Update 4/20/26: Deal is back, no end date listed. Requires $1,000 direct deposit now and bonus isn’t split anymore, need to complete all of the requirements to get any bonus. 

Offer at a glance

• Maximum bonus amount: $250
• Availability: AL
• Direct deposit required: Yes, $1,000+ 
• Additional requirements: 30 transactions
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None with eStatements
• Early account termination fee: Unknown
• Household limit: None 
• Expiration date: December 31, 2025

The Offer

Direct link to offer

• Local Bank is offering a $250 bonus when you open a new checking account and complete the following requirements:
  • Use promo code CAP2026
  • Receive $1,000 in qualifying direct deposits within 30 days
  • at least 30 qualifying transactions within 90 calendar days
  • Minimum $100 account balance when bonus posts

The Fine Print

• $250 bonus available when opening a new qualifying checking account and meeting promotion requirements.
• Requires $1,000 in qualifying direct deposits within 30 calendar days of account opening, at least 30 qualifying transactions within 90 calendar days, and a minimum account balance of $100 at the time the bonus is credited. Account must remain open and in good standing. Bonus will be deposited within 30 calendar days after the qualification period is met. Use promo code CAP2026 when opening your account. Bonus may be considered taxable income and reported to tax authorities. Offer available only to the primary account owner. Offer subject to change or discontinuation without notice. Member FDIC.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is a $5 monthly fee, this is avoided with eStatements

Early Account Termination Fee

I was unable to find a fee schedule so unsure

Our Verdict

Terms are a bit confusing, looks like you need to open in branch but there is a promo code and can open online? Not entirely sure what’s going on.

Hat tip to ShawntheShawn

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