[SD & MN, In Branch Only] American Bank & Trust $500 Checking Bonus

Update 2/7/26: Bonus is now $500. Valid until 2/28/26. Hat tip to ShawntheShawn

Update 1/5/26: There is a $150 referral bonus, but in branch only. Hat tip to reader bockrr

Update 9/28/25: Deal is back until October 31, 2025. Hat tip to Dank Mids

Update 3/7/25: Deal is back until April 30, 2025.

Update 11/16/24: Deal is back and valid until 12/31/24. Now in branch only. Hat tip to snailrock

Update 7/13/24: Deal is back until August 31, 2024. Hat tip to reader jay

Update 5/20/24: Deal is back from May 1 – June 30, 2024. Hat tip to reader Tol

Offer at a glance

• Maximum bonus amount: $250
• Availability: SD & MN
• Direct deposit required: Yes, no minimum
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $25, 90 days
• Household limit: None
• Expiration date: February 29, 2024

The Offer

Direct link to offer

• American Bank & Trust is offering a $250 checking bonus when you open a new checking account and complete the following requirements:
  • Have 2 direct deposits made to this account totaling at least $500
  • Enroll in eStatements
  • Make 20 debit card purchases

The Fine Print

• Offer available from January 1 – February 29, 2024, and American Bank & Trust (AB&T) reserves the right to withdraw this offer at any time without notice.
• Accounts are subject to approval. 1) Open a new AB&T checking account; AND 2) Have your direct deposit made to this account within 90 days of opening. Person to Person payments (such as Zelle®) or external bank to bank transfers using the ACH network are not considered a direct deposit.
• All accounts have a minimum opening deposit of $50 and are subject to applicable terms, fees, and charges.
• After the qualifications have been met, we’ll deposit the bonus in your new account within 45 days.
• If the checking account is closed by the customer within 90 days after opening, the account will be subject to a $25 early closure fee.
• Eligibility may be limited based on account ownership.
• Offers not available to those whose accounts have been closed within 6 months or closed with a negative balance within the last 3 years.
• Limit one new checking account opening related bonus every two years from the last bonus payout date per customer.
• Limit one bonus per account and per customer.
• Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 104-S, if applicable.) Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

$25, 90 days

Our Verdict

If anybody goes for this bonus please share your experiences in the comments below.

Hat tip to reader Gadget

Useful posts regarding bank bonuses: