This promotion is applicable to the bank’s two checking account types – BestRate checking and the TotallyFree checking.
How to Qualify
To open an account, a bank visit is needed. Qualification requires a new account application, so if you already have a previous checking with them, you are automatically disqualified from this promo. Once the bank approves your application, a minimum deposit of $100 is required.
There are two types of accounts you can choose. The TotallyFree checking offers minimum or very low monthly fees. On the other hand, the BestRate assures its consumers of very competitive and reasonably low rate and fees.
This promo kicked of with an incredibly low APY of 1.11% in January 3rd of this year. However, this special APY will remain applicable to your account for the next 90 days only. After this period, you will shift to the standard APY, depending on the current money market.
In order to avoid monthly fees, you must be able to maintain a daily amount of not less than $5,000 for the whole statement cycle in order to get the special APY. If this is violated, you will be asked to pay $10 in monthly maintenance fee.
Here are the ways in which you can earn the cash bonus:
• Make at least five purchases using a debit card
• Each purchase must amount to not more than $25
• Cash bonus after completion is $75
• Complete five online bill payments of not less than $25 each bill payment OR
• Sign up for receiving recurring deposits made directly to the account of an amount not less than $250
• Get another $75 cash bonus upon completion
The cash bonus will be deposited into your checking account directly within 75 days upon account opening. You only get the first 60 days upon account opening to qualify for this promo, so make haste if you want to get this free cash from Flushing Savings Bank.
About Flushing Bank
Flushing Bank is a subsidiary of the giant Flushing Financial Corporation. It is also the parent company of the online bank, iGobanking.com. Consolidated assets are evaluated to amount to $4.3 billion, as it caters to small towns and large metropolitan cities alike. Its main headquarter is in New York