Take advantage of the latest First American Bank bonuses, promotions, and offers here.
Update 4/11/24: The referral bonus is back but now only $50 per referral (down from $100). There is also a $50 student checking bonus.
First American Bank Bonuses Review
At First American Bank, they value strong relationships. Our Relationship Advantage Program is one way of showing gratitude to people like you. Program members qualify for a number of financial advantages based on the combined monthly balance in their checking, savings, money market, certificate of deposit, and consumer loan accounts.
I’ll review the current First American Bank bonuses below.
First American Bank $50 Referral Bonuses
- What you’ll get: $50 Bonus
- Eligible account: Checking
- Where it’s available: IL, FL, WI (Branch Locator)
- Credit Inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: $0-$25; waivable
- How to earn it:
- Print the certificate and fill in your name and last four digits of your checking, savings, or money market account number below.
- Give this certificate to a friend and have them bring it to a branch when they open a new checking account.
- After your friend’s account has been opened and has met the requirements, we will reward you with $50.
(Limited time offer)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Existing customer must have a checking, savings, or money market account (excluding Health Account Services accounts) at First American Bank.
- New account must be opened by a new customer (customer may not have had a First American Bank checking or money market account within the last 6 months).
- New account opening subject to approval.
- To qualify for the $50 reward, the new account must have at least one ACH transaction or 10 deposits/withdrawals within one of the first two statement cycles.
- Existing customer will be paid the $50 reward on the new customer’s statement date after the checking account qualifies.
- Reward amount will be reported to the IRS as interest paid on IRS Form 1099-INT.
- Individual, joint and trust accounts only.
- Excludes First American Bank employees and members of their household.
First American Bank $50 Student Checking Bonus
- What you’ll get: $50 Bonus
- Eligible account: Checking
- Where it’s available: IL, FL, WI
- Credit Inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: $0-$25; waivable
- How to earn it:
- Open a new First American Bank student checking account
- Bonus will be paid at the end of the statement cycle when 10 deposits/withdrawals are made within one of the first three statement cycles.
(Limited time offer)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- New checking customers only.
- Limit 1 per person. $50 to open account.
- $50 bonus cannot be used as opening deposit.
- Student Checking accounts are available for Primary Owners under the age of 23.
- Upon the Primary Owner’s 23rd birthday, the Student Checking account will automatically be converted to a Personal Checking account and will be subject to the Paper Statement Fee if electronic statements have not been elected.
- If account is closed prior to 6 months, $50 will be charged against the account. Terms and conditions subject to change at any time.
(Expired) First American Bank $150 Checking Bonus
Earn a $150 bonus from First American Bank when you open a new Free Account.
- What you’ll get: $150 Bonus
- Eligible account: Checking
- Where it’s available: IL, FL, WI
- Credit Inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: $0-$25; waivable
- How to earn it:
- Open a new Advantage Checking account at one of our branch locations between March 15, 2021 and May 31, 2021 and meet the transaction requirement.
- Account must have at least three direct deposits from a paycheck, pension, or government benefit of at least $500 each during the first three statement periods to receive a $150 cash bonus.
(Limited time offer)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- The bonus will be paid to the account on the statement date for the statement period in which the third direct deposit appears.
- One per household. Available to new checking account customers only.
- Not available for existing checking account customers or customers whose checking account was closed in the past 6 months.
- Limited to individual, joint, and trust accounts only. Legal entity and public funds accounts are not eligible. Bonus amount will be reported to the IRS as interest paid to you on IRS Form 1099-INT.
- If your account is closed within the first 6 months of opening, the bonus amount paid to the account will be debited from the account balance.
How To Waive Monthly Fees
- Free Checking: None
- Student Checking: None
- Commercial Checking: None Listed
- Everyday Rewards Checking: $4.95 monthly fee
- Personal Checking: $3.95 monthly fee
- Fresh Start Checking: $3.95 monthly fee
- Advantage Checking: $25 monthly fee. Maintain a $25,000 minimum balance to avoid the monthly account fee
- Optimal Checking: $14.95 monthly fee. Maintain a $2,500 minimum balance to avoid the monthly account fee
- Business Checking: $5 monthly fee. Maintain a $500 minimum balance to avoid the monthly account fee.
- Premium Business Checking: $20 monthly fee. Maintain a $10,000 minimum balance to avoid the monthly account fee.
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Conclusion
Would you like to earn some extra cash for both you and a friend? Then I highly recommend First American Bank‘s latest promotion. With this limited-time offer, you not only get to share your benefits with your loved ones, but you also get a generous bonus for just doing so!
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 New York, 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 First American Bank, their accounts they offer, or any experiences you have had!
Check back often for more Bonuses, Promotions, or Offers!
