Update 6/13/26: Bonus now $400 and valid until 12/31/2026.
Extended to 12/31/25
Offer expires 12/31/2024
Offer at a glance
- Maximum bonus amount: $200
- Availability: FL, IN, KY, OH & TN only
- Direct deposit required: Yes, $100+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $500 online, not sure if possible in branch
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: 12/31/2023
The Offer
- Republic Bank is offering a $200 bonus when you open a new business or personal checking account and complete the following requirements:
- Use promo code ADV
- must conduct (3) or more ACH credits (direct deposits) and
- (10) or more Point-of-Sale (POS) transactions within the first 90 days of account opening
The Fine Print
- To be eligible to earn the reward on a new checking account, applicants opening a business checking account cannot have any existing business checking account relationship (primary, secondary, joint, or signer), and applicants opening a personal checking account cannot have any existing personal checking account relationship (primary, secondary, joint, or signer) and Account conversions are not eligible.
- Newly opened checking accounts are eligible for only one transaction-based reward within the first three (3) statement cycles.
- To obtain the reward, the personal or business checking account opened must conduct a combination of five (5) or more of the following transactions within any one of the first three statement cycles: Direct deposit (an ACH credit ) of at least $100, a Bill Pay Debit of at least $25, a Point-of-Sale (POS) Debit of at least $10 (this does not include transactions through an ATM or POS transactions pending at the end of statement cycle) or an ACH Debit of at least $25.
- All cash rewards will be deposited into your account on the first business day of the statement cycle following the statement cycle which the qualifying activities were completed. Offer subject to change without notice.
- Rewards are reportable on 1099-INT.
- This program may be modified or canceled at any time without notice to either party.
- Republic Bank employees are not eligible.
- Accounts for which a Republic Bank employee is a signer (Business & Personal Accounts) are not eligible
- . Savings accounts are not eligible.
- Offer valid with promo code only. Some restrictions apply.
- Valid identification required. Refer to RepublicBank.com for current information on Republic Bank checking account products including APY, rates, fees, minimum opening deposit requirements, as applicable.
- Offer expires 12/31/2023.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
These accounts have no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
Terms seem a bit confusing as the fine print says personal or business but the main bit of the bonus makes it seem it’s business checking only? We have seen a $200 personal checking bonus in the past.
Hat tip to reader Ace
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
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