Available in NC and VA, but only in-branch, Carter Bank is offering a $300 bonus when you open a new Lifetime Free, Lifetime Plus, or 50+ Interest Checking account and set up direct deposits of at least $1,000. You'll also need to maintain an average daily balance of $500.
The Lifetime Free account has no monthly fee to worry about. There is a $15 early account termination fee if you close within 90 days, but since you need the account open for 90 days to earn the bonus anyway, that should not be an issue. Note that Carter Bank uses ChexSystems and is reportedly sensitive, so confirm the hard/soft pull situation before opening.
How To Earn The Bonus
The Carter Bank & Trust Personal Checking promotion requires you to set up eligible direct deposits and deposit and maintain a minimum balance in order to earn the $300 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- All deposits and average daily balance must be in place by 8PM eastern standard time on the 90th day.
Open a Personal Checking account before the bonus expires
How does this personal checking offer from Carter Bank & Trust compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
BMO
Personal Checking
- Bonus
- $400 Cash Bonus*
- Account Type
- Personal Checking
- Expires In
- 46 days
- Requires
- Direct Deposit
PNC
Virtual Wallet® with Performance Select
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 70 days
- Requires
- Qualifying Direct Deposit
Chase
Chase Total Checking®
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 27 days
- Requires
- Direct Deposit
Why Carter Bank & Trust?
Carter Bank and Trust holds approximately $4.9 billion in assets and operates around 67 branches across Virginia and North Carolina. It is one of the largest independent community banks in the Commonwealth of Virginia.
Carter Bank offers a full range of personal and business banking products, including checking and savings accounts, money market accounts, CDs, IRAs, mortgages, and business loans. Personal checking options include a fee-free account with no monthly maintenance charges.
All accounts are in-branch only for certain services, and the bank does not reimburse out-of-network ATM fees. Customer service is available during standard branch hours. Deposits are insured by the FDIC up to the maximum allowable limit.
Lifetime Free™ Checking
A straightforward no-fee checking account that includes a debit card, online banking, bill pay, and mobile deposit.
Fees
Lifetime Free™ Checking does not charge a monthly maintenance fee.
Lifetime Plus Checking
Earns a high interest rate on balances up to $15,000 when you complete 15 debit card transactions, enroll in eStatements, and receive at least one direct deposit or ACH credit per cycle. ATM fees are refunded up to $15 per month when all qualifications are met.
Fees
Lifetime Plus Checking does not charge a monthly maintenance fee.
50+ Interest Checking
Available to customers age 50 and older, this account earns interest and includes one free order of checks per year, unlimited check-writing, and full access to online and mobile banking tools.
Fees
50+ Interest Checking does not charge a monthly maintenance fee.
Apply now for a Personal Checking account to earn the $300 bonus offer
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