Score $300 with Jefferson Bank's Checking Bonus: What You Need to Know

If you're in Missouri and looking for a solid bank bonus, Jefferson Bank has brought back its $300 checking offer. It's a straightforward deal—open an eligible account, set up direct deposit, and the cash is yours. But there are a few hoops to jump through, so let's break it down.

How to Snag the $300 Bonus

The process is pretty simple, but you've got to follow the steps exactly. First, open any personal checking account except the Free Checking option—that one doesn't qualify. Use the promo code Get300 when you apply.

You'll need to deposit at least $50 at account opening. Then, within 90 days, set up two or more direct deposits from payroll, pension, or government benefits that add up to $250. No minimum balance is required after that.

Once you've met all the conditions and your account has been open for 90 days, the bonus will hit your account within 15 business days. Just remember, this offer is for new checking customers only, and you can only get one bonus per household every two years.

• Open an eligible checking account with promo code Get300
• Deposit $50 or more at opening
• Receive at least two direct deposits totaling $250 within 90 days
• Bonus paid within 15 business days after meeting requirements and 90-day wait

Watch Out for Monthly Fees

Jefferson Bank charges monthly maintenance fees on most checking accounts, but you can waive them pretty easily. For example, the MyChoice Checking account has a $3 monthly fee, but you can avoid it by getting electronic statements and doing one of the following: set up a recurring direct deposit, use your debit card 10 times per month, keep a $500 daily balance, or schedule a monthly transfer to savings.

Higher-tier accounts like World Checking have steeper fees ($20/month) but also higher balance requirements to waive. Make sure you pick an account you can maintain fee-free, or the bonus might not be worth it.

• MyChoice Checking: $3 fee, waivable with e-statements + one activity (e.g., direct deposit, 10 debit transactions, $500 balance)
• Max Money Checking: $8.95 fee
• Preferred Interest Checking: $10 fee, waivable with $1,000 daily balance or $2,000 average balance
• World Checking: $20 fee, waivable with $15,000 average balance or $250,000 relationship

The Referral Bonus: An Extra $50 Per Friend

There's also a referral program where you can earn $50 for each friend who opens a checking account. You can share your referral link from the mobile app via text or email. The bonus is deposited within ten business days after your friend funds their account. You can earn up to $500 per year this way.

Just be aware that referrals are meant for friends and family—posting your link on public sites is prohibited and could void the bonus for both parties.

• Earn $50 per referred friend who opens a checking account
• Share link via mobile app (text or email)
• Bonus within 10 business days of friend's account funding
• Max $500 per calendar year

Bottom Line

• The $300 bonus is a solid deal if you live in Missouri and can meet the direct deposit requirement.
• Avoid the Free Checking account—it's not eligible for the bonus.
• Watch out for monthly fees; pick an account you can waive them on.
• The offer expires December 31, 2024, so don't wait too long.

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