Horizon Bank is currently offering a free $150 for customers who open a checking account with them. In order to get the bonus, consumers must complete the following tasks: open a new checking account, make a direct deposit, and complete 10 debit card purchases.
Horizon Bank has four checking accounts to choose from. They have Free Checking, Student Checking, 55+ Checking, and Prime Checking. Each account has slightly different features depending on what the consumer needs. They also have an account called Fresh Start Checking however, this type of checking account is not included in the promotion.
For all the accounts, no minimum balance is required. Plus, each account also has $0 monthly fees with the exception of Premium Checking which imposes an $8 fee if the balance falls below $2,500. The only advantage with the Prime Checking is that it offers interest to the account balance.
The best offer would probably be Free Checking unless you are above 55 years of age, then the 55+ Checking would be the most agreeable choice because of interest.
About Horizon Bank
Horizon Bank first started in 1873 and has stood the test of time. It survived the Great Depression up until the current recession, and is still maintaining its service until today. The bank belongs to the Money Pass ATM network that gives its consumers access to over 1000 surcharge free ATMs. The bank is also insured by the FDIC, having been a member since 1934. This gives consumers a guarantee for money up to $250,000 per account.
In order to open an account, a bank visit must be made in their branches at Indiana and Southwest Michigan. Indiana Branches can be found in the cities of Elkhart, Michigan City, South Bend and Valparaiso. Michigan branches are in Saint Joseph and Buffalo. The promotion first had a deadline of October 31, 2011, however the deadline of opening a new checking account has been extended up to November 19, 2011.