Harris Bank's Interest Checking Account Bonus: $150

March 10, 2010 No Comments »

Harris Bank, serving most of the Midwest, currently has a checking account bonus offer of $150 for those who sign up for one of their ‘interest checking accounts.’

Although we believe it’s slightly misleading for them to call this checking account an “interest checking account” considering the fact that the interest rate is less than 0.05% APY, they are still offering a very enticing $150 bonus for signing up (and completing a few steps).

Thanks to BankVibe.com reader Jennifer for submitting this offer!

This is yet another checking account bonus we’ve seen after reporting on over a half dozen last month! You can compare this offer to the other checking account promotions we’ve covered recently to ensure you’re finding an optimal account for your needs.

Details of Interest Checking Account Bonus by Harris Bank:

  1. Open an interest checking account with a minimum opening deposit of $100.
  2. Setup a monthly direct deposit within 90 days of account opening or make at least five online bill payment transactions within 60 days of account opening.
  3. Open a Harris Savings Account and activate the AutoSave feature.

Additional Details regarding Bonus Collection:

  • $100 cash will be deposited into your new Harris personal Interest-Checking Account approximately 120 days after account opening
  • $50 will be deposited into your savings account after Auto Save feature is activated
  • No maintenance or transaction fees for account holders with a combined total of $20,000 or more in any qualifying Harris deposit accounts

The Downside to a Harris Bank Checking Account:

Out of the three checking account offers by Harris Bank, two provide a pathetic interest rate, and all come with a looming monthly maintenance fee if certain minimum balances aren’t kept. The Harris Bank “Select Checking” and “Portfolio Checking” are the premium checking offers that also come with this $150 sign-up bonus, however, beware of the potential fees before signing up.

With the “Select Checking Account” you’ll incur a $15 monthly fee if an average daily balance of $5,000 is not kept.

With the “Portfolio Checking Account” you’ll incur a $25 monthly fee if an average daily balance of $25,000 is not kept.

Their most basic checking account, called their “EveryDay Checking” (no bonus available with this account), also comes with a $7 monthly fee if an average daily balance of $1,000 isn’t kept.

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