Introducing a Generous Offer:
- Max Bonus Amount: $300
- Eligibility: Available only in Wisconsin
- Direct Deposit Requirement: Yes, a minimum of $300
- Additional Requirements: Use promo code
- Hard/Soft Pull: Unknown
- ChexSystems Check: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: Must be kept open for 90 days
- Household Limit: One
- Expiration Date: Not specified
The Offer
- Open a new checking account with PyraMax Bank and earn a bonus of $300 by meeting the following requirements:
- Use promo code WELCOME300
- Set up a direct deposit of $300+ per month within 60 days of opening the account
The Fine Print
- To receive the $300 Bonus, you must set up and receive a $300 minimum monthly Direct Deposit within 60 days of opening the account
- The account must remain open for 90 days and meet the account conditions to qualify for the bonus
- This offer is not available for HSA checking accounts
- Limit one gift per household
- Use promo code: WELCOME300 at online account opening or mention this code at in-branch account opening to be considered for this offer
- Offer may not be combined with other promotions and may be withdrawn at any time. Consult with your tax advisor to understand potential tax implications of receiving the bonus
- PyraMax Bank employees and their immediate family are not eligible for this promotion
- All bank account bonuses are treated as income/interest and have potential tax obligations
Avoiding Fees
Monthly Fees
The Simply Checking account is the easiest account to keep fee-free. It has a $5 monthly fee that is waived if you do three of the following:
- Receive a monthly direct deposit of $100 or greater
- Enroll in e-statements
- Maintain a $500 minimum balance in this account
- Maintain a $1,000 minimum balance in combined PyraMax Bank deposits
- Perform 7 check card transactions
- Complete one online bill payment transaction
Early Account Termination Fee
Account needs to be kept open for at least 90 days
Our Verdict
The previous best bonus offered was $125.
Make sure to check out our wealth of resources on bank bonuses