Take advantage of the latest Banterra Bank bonuses, promotions and offers here.
Update 6/21/24: The $100 student checking and $250 checking bonus is back and extended through 10/31/24.
Banterra Bank Bonuses Review
Established in 1975, Banterra Bank is a financial institution who strives to provide their customers with excellent financial products, while having customer service.
Now, I’ll review the current Banterra Bank bonuses below.
Banterra Bank $250 Checking Bonus
Earn a $250 bonus from Banterra Bank when you open a new Saluki Interest Checking account.
- What you’ll get: $250 Bonus
- Where it’s available: IL, IN, KY, MO
- Eligible account: Saluki Interest Checking
- Credit inquiry: Soft pull or Hard Pull
- Direct Deposit Required: Yes
- Monthly fee: $10; waivable
- How to earn it:
- Open a Saluki Interest Checking account.
- To receive $250 bonus, one direct deposit must post to your account by October 31, 2024; direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government and must be $250 or higher.
- Bonus will be credited to your account within your statement cycle following your first direct deposit and will be reported as income on Form 1099-INT.
(Expires 10/31/2024)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- Limit one bonus per customer for either a Saluki Interest or Saluki Student Checking (not both). Accounts must be opened by October 31, 2024 to receive bonus offer. Cannot be combined with other checking offers. Bonus offer is not available to existing Banterra checking customers or previous customers whose accounts have been closed within the last 90 days or closed with a negative balance. Must be 18 years or older and agree to maintain account in good standing for a minimum of six months. Subject to bank approval. Employees are not eligible for this offer. Effect Of Closing Account: If your Saluki Interest Checking account or Saluki Student Checking account is closed within six months after opening, the bonus amount you received for that account will be deducted at closing.
- When you open a Saluki Interest Checking account, June 17, 2024 through October 31, 2024, receive a $250 bonus. To receive $250 bonus, one direct deposit must post to your account by October 31, 2024; direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government and must be $250 or higher. Bonus will be credited to your account within your statement cycle following your first direct deposit and will be reported as income on Form 1099-INT. Minimum deposit of $100 is required to open account. Tiered Interest: $1,000 minimum balance in the account each day to earn interest. Interest tiers include $1,000 – $9,999; $10,000 – $24,999.99, and $25,000 plus. If one of the following items are maintained, a monthly fee of $10 will not be charged: (1) $2,500 minimum daily balance in this account; (2) $5,000 combined average balance in this account, identified checking, savings & money markets, or minimum balance in Certificate of Deposit (CD) and/or IRAs. The CD minimum balance equals the current balance at the beginning of each statement period; (3) A monthly direct deposit of at least $200 or higher is deposited to this account. Direct deposit needs to be an electronic deposit of your paycheck, pension, or government benefits (i.e., Social Security) from your employer or the government.
Banterra Bank $100 Student Checking Bonus
- What you’ll get: $100 Bonus
- Where it’s available: IL, IN, KY, MO (Branch Locator)
- Eligible account: Checking
- Credit inquiry: Soft pull or Hard Pull
- Direct Deposit Required: No
- Monthly fee: None
- How to earn it:
- Open a Saluki Student Checking account.
- To receive $100 bonus, complete eight (8) Banterra-Saluki Visa Debit Card transactions within the first statement cycle of account opening.
- Bonus will be credited to your account in the statement cycle following this completion and will be reported as income on Form 1099-INT.
(Expires 10/31/2024)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Limit one bonus per customer for either a Saluki Interest or Saluki Student Checking (not both). Accounts must be opened by October 31, 2024 to receive bonus offer. Cannot be combined with other checking offers. Bonus offer is not available to existing Banterra checking customers or previous customers whose accounts have been closed within the last 90 days or closed with a negative balance. Must be 18 years or older and agree to maintain account in good standing for a minimum of six months. Subject to bank approval. Employees are not eligible for this offer. Effect Of Closing Account: If your Saluki Interest Checking account or Saluki Student Checking account is closed within six months after opening, the bonus amount you received for that account will be deducted at closing.
- When you open a Saluki Student Checking account, June 17, 2024 through October 31, 2024, receive a $100 bonus. To receive $100 bonus, complete eight (8) Banterra-Saluki Visa Debit Card transactions within the first statement cycle of account opening. Bonus will be credited to your account in the statement cycle following this completion and will be reported as income on Form 1099-INT. Minimum deposit of $25 is required to open account. This account is only available to customers 25 years or younger. At age 26, this account will be converted to Saluki Interest Checking and must meet the normal criteria to avoid a monthly fee.
How To Avoid Monthly Fees
- Banterra Green Checking: Option of no monthly fee ($5 monthly fee can be avoided by doing one of the following):
- $500 daily balance is maintained.
- A combined average balance of $2,500 is maintained with identified checking, savings, money market, or minimum daily balance in CDs and/or IRAs.
- Two (2) direct deposits are made per statement cycle.
- Eight (8) Banterra Visa® Debit Card purchases are made per statement cycle.
- Account holder is military. (with proof of military status)
- Account holder is a student. (age 24 or younger with proof of student status)
- Primary or secondary account holder is age 60 or over.
- Banterra SmartChoice Checking: $5 monthly fee
- Banterra InterestPlus Checking: Option of no monthly fee ($15 monthly fee can be avoided by doing one of the following):
- $5,000 daily balance is maintained in your checking account.
- $20,000 combined average balance in this account, identified checking, savings and money markets or minimum balance in Certificate of Deposit (CD) minimum balance equals the current balance at the beginning of each statement period.
- Saluki Interest Checking: If one of the following items are maintained, a monthly fee of $10 will not be charged: (1)$2,500 minimum daily balance in this account; (2) $5,000 combined average balance in this account, identified checking, savings & money markets, or minimum balance in certificate of deposit (CD) and/or IRAs. The CD minimum balance equals the current balance at the beginning of each statement period; (3) A monthly direct deposit of at least $200 or higher is deposited to this account. Direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government and must be $200 or higher.
- Saluki Student Checking: No Monthly Fee
- Banterra Free Business Checking: No Monthly Fee
- Banterra Basic Business Checking: No fee if a $1,500 minimum daily balance or $3,000 average monthly balance is maintained; otherwise, $7.50 monthly fee
- Banterra Premium Business Checking: No fee if $2,500 minimum daily balance or $7,500 average monthly balance is maintained; otherwise $10 monthly fee
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Conclusion
Overall, Banterra Bank has a great bonus offer when you open a new Saluki Interest Checking account with them. There aren’t many requirements that they have, and you can waive the monthly fee if you’ve met all of them. Additionally, there are some great account features that you’ll benefit from as well. However, if you reside outside of the states that have been listed, then check out a different bank bonus offer.
While these bank promotions are rather attractive, you can also take advantage of our list of Savings, Money Market, and CD rates.
However, if you do not live in Illinois, Indiana, Kentucky, or Montana definitely take a look at 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.
Feel free to comment on this post with any questions you may have about Banterra Bank, their accounts they offer, or any experiences you have had!
Lastly, check back often for more Banterra Bank Bonuses, Promotions, or Offers!
