[WA Only] Sound Community Bank $250 Referral Checking Bonus

Offer at a glance

• Maximum bonus amount:  $250 referral bonus ($250 to person signing up, $200 to person referring)
• Availability: WA only
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees:
• Early account termination fee:
• Household limit: None, but can’t receive more than $1,000 in referral rewards per calendar year
• Expiration date: None listed

The Offer

Direct link to offer

• Sound Community Bank is offering a $250 referral bonus ($250 to person signing up, $200 to person referring). Person signing up must open a new checking or money market account and receive a direct deposit within 60 days of account opening

The Fine Print

• Full terms here
• All accounts are subject to eligibility approval.
• Must be 18 to be eligible.
• Accounts must be successfully opened, funded, and remain open for 60 days to receive the reward.
• A 1099-MISC will be issued when applicable.
• Clients must have accounts in good standing at time of reward and may not collect more than $1,000 in rewards in a calendar year.
• New client acknowledges that the individual who made the referral will be aware when an account opened.
• Personal information, account type, or balance will not be share with the
  referring client.
• Offer available to personal and business accounts.
• Must enroll in direct deposit within 60 days of account opening to qualify for the $250 reward.
• Both existing and referred client must agree to the terms.
• Cash reward deposited within 5 business days.
• Limited time offer and subject to change without notice.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Simply checking has no monthly fees, but an inactivity fee is charged if inactive for 12+ months. 

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF. 

Our Verdict

Feel free to share your referral information in the comments, just include if it’s a hard/soft pull etc as well. We won’t add this to the best bank account bonus page until we know more. 

Hat tip to ShawntheShawn

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