Community Bank & Trust Bonuses: $100, $300 Checking, Referral Promotions (IA)

Find the latest Community Bank & Trust bonuses, promotions, and offers here.

Update 10/11/24: The $333 bonus has been decreased to $300 checking bonus using promo code COZY300 through 11/30/24.

Community Bank & Trust Bonuses Review

The vision to create an organization where relationships and service mattered has guided Community Bank & Trust in the past and will continue on as the strategy far into the future. From the beginning, they’ve made it their priority to provide a level of service unmatched by any financial institution – large or small.

I’ll go over the Community Bank & Trust offers below.

Community Bank & Trust $300 Checking Bonus 

For a limited time, Community Bank & Trust is offering you a $300 bonus when you open a new checking account.

• What you’ll get: $300 Bonus
• Eligible account: Checking Account
• Availability: IA (Branch Locator)
• Credit Inquiry: Soft Pull or Hard Pull? Let us know.
• Direct Deposit Required: No
• Monthly Fee: $5; waivable
• How to earn it:
  • Open a MAXX Checking account with promo code COZY300
  • $300 bonus will be paid within 30 days after the following occur:
    • 1) Open a new checking account, which is subject to approval;
    • 2) a reoccurring direct deposit or direct debit is set up with a minimum of $250 per month, posted per statement cycle;
    • 3) The debit card has been used at least once during that same statement cycle.
  • Requirements must be met within the first six months.

(Expires 11/30/2024)

Fine Print

• New Client Bonus Offer: $300 bonus will be paid within 30 days after the following occur: 1) Open a new checking account, which is subject to approval; 2) a reoccurring direct deposit or direct debit is set up with a minimum of $250 per month, posted per statement cycle; 3) The debit card has been used at least once during that same statement cycle. Direct deposits examples are an electronic deposit of your paycheck, pension or government benefits from your employer or the government. Person to person payment (such as Zelle, Venmo or Cashapp) are not considered a direct deposit. Direct Debit examples would be a car payment, mortgage, rent payment or another household bill.
• Additional terms of this bonus offer include: Account must be opened a minimum of 30 calendar days, be active and have a positive balance at the time bonus is paid, which will be applied as a credit to the new account. Requirements must be met within 6 months of account opening. Client cannot have a previously closed CBT checking account with the past 12 months. Only new checking clients eligible. BankOn Checking and Health Savings Accounts are not eligible for bonus offer. Cannot be combined with other offers. Account only eligible for Iowa residents. Promotion ends 11/30/2024 and is subject to change without notice.

Community Bank & Trust $100 Referral Bonuses

For a limited time, Community Bank & Trust is offering you and a friend to earn a $100 bonus when you refer them to open a new checking account.

• What you’ll get: $100 Bonus
• Eligible account: Checking Account
• Availability: IA
• Credit Inquiry: Soft Pull or Hard Pull? Let us know.
• Direct Deposit Required: No
• Monthly Fee: $0-$5; waivable
• How to earn it:
  • Simply refer a friend to open any new checking account with Community Bank & Trust!
  • $100 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
  • Requirements must be met within the first six months.

(Expires 11/01/2023)

Editor’s Note: Here’s another link for a $50 referral bonus.

Fine Print

• $100 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
• Requirements must be met within the first six months.
• Only new checking account clients are eligible.
• New client cannot have closed a CBT checking account within the previous 12 month period.
• Must be an Iowa resident.
• Cannot be combined with any other offers.
• Minimum opening deposit requirements range from $25 – $100, depending on the checking account type.
• The current client will receive a $100 credit into their CBT checking account only after the new client has met these requirements.
• Referral slip also serves as a one-time waiver of new client’s privacy rights as detailed in the bank’s privacy policy as the referral source will be aware of this account opening.
• New clients may not combine this with any other promotion.
• Bonuses are unlimited per client and will be reported to the IRS as applicable.
• Promotion valid 9/1/23 – 11/1/23. Member FDIC

Community Bank & Trust $200 Checking Bonus (Expired)

For a limited time, Community Bank & Trust is offering you a $200 bonus when you open a new checking account.

• What you’ll get: $200 Bonus
• Eligible account: Checking Account
• Availability: IA (Branch Locator)
• Credit Inquiry: Soft Pull or Hard Pull? Let us know.
• Direct Deposit Required:
• Monthly Fee: $0-$5; waivable
• How to earn it:
  • Open a new checking account.
  • New client gets to choose one of the following: Yeti Hopper Flip 8 Soft Cooler, Apple Airpods 3rd Generation or $200 gift.
  • The gift will be given within 30 days of when the following occur:
    • the account has been open a minimum of 30 days,
    • a reoccurring ACH transaction has occurred,
    • the debit card has been used and the account has a positive balance.

(Expires 04/15/2023)

Fine Print

• New client gets to choose one of the following: Apple Watch SE, Bowflex Selecttech 552 Dumbbell or a $200 credit to the account.
• The gift must be picked up at our Downtown Waterloo location (422 Commercial Street, Waterloo, IA 50701).
• Gifts will not be shipped. If the $200 credit is selected, it will be applied as a credit to the customer’s account once the gift requirements have been met.
• The gift is eligible for pick up within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
• The account must be active in order to be eligible for the gift.
• Requirements must be met within the first six months.
• Customer will be notified by the bank when they have met the requirements and are eligible to pick up their gift.
• If you do not pick up your gift within 30 days of being notified, your gift will default to the $200 credit to the account.
• Accounts opened online will automatically default to the $200 credit. Only new checking account clients are eligible.
• Cannot be combined with any other offers.
• Minimum opening deposit requirements range from $25 – $100, depending on the checking account type. (For Example, Step Up Teen Checking minimum – $25 and GO Checking minimum – $100).
• Must be an Iowa resident.
• Refer-a-Friend details: The current client will receive a $100 credit into their CBT checking account only after the new client has met these requirements. New clients may not combine this with any other promotion. Refer-a-Friend bonuses are unlimited per client. Bonuses and gifts will be reported to the IRS as applicable.
• Promotion ends 4/15/23.
• Member FDIC.

How To Waive Monthly Fees

• Go Checking: $5 statement fee will be assessed on all accounts that do not sign up for e-statements within 90 days of account opening
• Maxx Checking: $5 monthly statement fee will be assessed on accounts that do not sign up for e-Statements within 90 days of account opening
• Free Checking: None
• Step Up Teen Checking: None listed
• Royal Club Checking: None listed
• Steady Savings: $2/mo service fee if fail to maintain $200 average daily balance
• Piggy Banker Savings: None listed
• Money Market: $5/mo service fee if fail to maintain $1,000 average daily balance
• Flex Investor: None listed
• BUSINESS ESSENTIALS: None
• BUSINESS PREFERRED: $10,000.00 Average Daily Balance
• BUSINESS ANALYSIS: None

Conclusion

Community Bank & Trust offers a variety of ways to earn bonuses so if you qualify for any and they interests you then be sure to sign up!

I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.

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

If you are not eligible for these promotions, 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.

Feel free to comment on this post with any questions you may have about Community Bank & Trust, their accounts they offer, or coupon codes.

Check back often for more Community Bank & Trust Bonuses, Promotions, or Offers!