Bank Independent Bonuses: $50, $200 Checking, Referral Promotions (AL)

Find the most up to date Bank Independent promotions, bonuses, and offers for checking accounts here.

Update 5/27/24: There is currently a $200 bonus available for a limited time for opening a personal or business checking account.

Bank Independent Review

Bank Independent’s roots run deep in the Northwest Alabama area, and like the eighteen communities they serve, their heritage is rich and steeped in tradition. Their vision is to be the bank of choice in the communities they serve by offering great bank bonuses and bank rates

I’ll go over all Bank Independent offers below.

Bank Independent $200 Checking Bonus

• What you’ll get: $200 Bonus
• Eligible account: Checking Account
• Where it’s available: AL  (Branch Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: None
• How to earn it:
  • Open any personal or business checking account with Bank Independent
  • Set up recurring direct deposit
  • Maintain the account in good standing for 60 days from account opening
  • After 60 days, we will evaluate if the bonus criteria is met
  • Once approved, the $200 bonus will be deposited into your new account within 60 days of evaluation.

(Limited time offer)

Fine Print

• One per customer or household.
• To earn the $200 bonus, you have at least two recurring ACH direct deposits posted to your new personal or business checking account within 60 days of account opening.
• To receive the bonus, code should be given to relationship banker at account opening or entered into appropriate field if opened online.

Bank Independent $50/$150 Referral Bonus

• What you’ll get: $50/$150 Bonus
• Eligible account: Checking Account
• Where it’s available: AL
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: None
• How to earn it:
  • Referred Person: To earn a $50 Visa Reward Card, the Referred Person must register by following the link provided in the referral email or on social media, open a new Bank Independent personal checking account AND fulfill the following requirements within 60 days of account opening:
    1. Complete 1 or more direct deposits of at least $500, OR
    2. Complete 15 or more debit card transactions (excluding ATM withdrawals)
  • Referred Business: To earn a $150 Visa Reward Card, the Referred Person must register by following the link provided in the referral email or on social media, open a new Bank Independent business checking account AND fulfill the following requirements within 60 days of account opening:
    1. Complete 5 or more business debit card transactions (excluding ATM withdrawals), AND
    2. Enroll in online banking

(Limited time offer)

Fine Print

• The person making the referral (Referrer) will earn a $50 Visa^® Reward Card for each individual or business referred (Referred Person or Business) to Bank Independent who registers for the offer, opens a new Bank Independent personal checking or business checking account and completes the other requirements listed below within the time specified in the offer.
• To make a referral, the Referrer must register for the program and share the offer with their friends, family or co-workers.

How To Waive Monthly Fees

• Premier Checking: $12 monthly fee, waivable if you maintain a combined deposit/loan balance‡ of $25,000 or more.
• Essential Checking: $7 monthly fee, waivable with direct deposits totaling $500 or more per statement cycle OR A maintained minimum $1,500 account balance OR At least 15 non-ATM posted BI Debit Card transactions within a statement cycle.
• Basic Checking: None
• Savings: $6 per quarter, waivable if the minimum balance of $100 in a quarter is maintained.
• Premier Money Market: $14.95 monthly fee, waivable if the minimum balance of $10,000 in a month is maintained or the account is no longer enrolled to receive a monthly incoming transfer of at least $1 from another Bank Independent account

Conclusion

All in all, the current promotion from Bank Independent is a great promotion from those looking for an easy bonus. You will receive a bonus for features you would need with your banking experience. However, I would only recommend this promotion only if it triggers a soft pull.

This bonus from Bank Independent is super simple to earn and I recommend taking advantage of this offer before it expires. Bank Independent rates aren’t that great, so check our best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

If you’re not local to any of the States above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

For those who has had an experience with Bank Independent, definitely comment below and let us know about how it went! We value your feedback and will keep you posted on the most up to date promotions from this bank!

Check back soon to find more Bank Independent bonuses, offers, and promotions.