Bask Bank is an online bank that offers a high interest rate on a whole suite of deposit products. They are the online division of Texas Capital Bank, FDIC insured #34383, which means they are available nationwide despite Texas Capital bank only having ten branches (all in Texas).
Our review of Bask Bank can give you a better understanding of what they offer.
Bask Bank also has a new account bonus associated with their Bask Interest Checking account and it does NOT require a direct deposit.
How to get $200 from Bask Bank
The terms of the promotion are fairly simple and do not require a direct deposit.
First, open a new Bask Interest Checking Account before 11/29/2024.
If you want to earn an additional 2.00% APY on top of the base 1.00% APY rate, you will need to (this is not required to get the $200):
- complete $2,500 monthly automated deposits through the reward period, and,
- maintain an average monthly balance of $5,000 through the reward period
The reward period is September 1, 2024 through January 31, 2025. These are the full terms on the rate bonus.
To get the $200, you need to use the bill center. You need to conduct two electronic Bill Center transactions of a combined minimum total of $50 each month through March 31, 2025. Each month you do this, you’ll get $50. These are the full terms of the $200 bonus.
As you can see, the $200 cash bonus does not require a direct deposit. The Bask Interest Checking Account does not have a minimum balance requirement, making this a very appealing offer.
How Does This Bonus Compare?
It’s a bonus that does not require a direct deposit, which makes it automatically appealing because you don’t need to contact your employer or Social Security to move your direct deposit.
The bonus itself is modest, $50 each month for four months, but it just requires you to find two bills (that add up to $50+) you can pay. Seems like a straightforward offer.
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
BMO Relationship Checking – $500 Cash (plus optional $100 gift card)
BMO Bank is offering a $500 Cash (plus optional $100 gift card) bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $200 Bonus Offer
Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive Qualifying Direct Deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
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Alliant Credit Union Bonus Promotions: $200 for CD
Alliant Credit Union is an online credit union (100% digital) that anyone can join. They offer a bonus on their savings account that is easy to obtain with no annoying fees.
Valley Bank & Valleydirect Promotions: $400 Checking+ Bonus
Valley Bank and their online division, Valleydirect, has a nice promotion offer for new customers that requires a direct deposit. They are FDIC insured and the online bank offers a very competitive interest rate too!
Seacoast Bank – up to $600 for Checking & Money Market
If you live in Florida, you could get up to $600 for opening an account with Seacoast Bank and moving a modest direct deposit.
Raisin Referral Bonus Program: Get up to $2,000 Referring Friends
Raisin has increased their referral program – now customers can refer other customers and make up to $2,000 (up from $1,000). Referees can also make up to $200 depending on how much they deposit and keep in the account for the first 90 days.
About Jim Wang
Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.
Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.
One of his favorite tools (here’s my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.
Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.
