The State Bank and Trust Company Cash Rewards Checking $300 Bonus

The State Bank and Trust Company logo

The State Bank and Trust Company : Cash Rewards Checking

$300

4.4

BankBonus.com score

Availability

Ease

Amount

Fees

Expert Take

This is a very straightforward and simple bonus, we recommend it if you live in their service area.

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Open a new Cash Rewards Checking account.
  2. Within 60 days, complete a direct deposit.
  3. Bonus will be deposited into your new account within 30 days of meeting the promotion requirements.

Available in Your Area?

No

Monthly Fees?

Yes

Open Online?

No

Credit Pull?

Unknown

The State Bank and Trust Company logo

Apply Now

at The State Bank and Trust Company

Available in Indiana, Michigan and Ohio, The State Bank and Trust Company (aka State Bank) is offering a $300 welcome bonus when you open a new personal checking account and set up direct deposit. That's it, no gimmicks or excessive hoops to jump through.

Be sure to keep your account open for at least 180 days or you'll incur a fee at time of closing.

How To Earn The Bonus

The The State Bank and Trust Company Cash Rewards Checking promotion requires you to set up eligible direct deposits 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

  • Offer available to individuals without an existing checking account at State Bank.
  • A $25.00 fee applies if a checking account is closed within 180 days.

How does this personal checking offer from The State Bank and Trust Company 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
70 days
Requires
  • Direct Deposit

Chase

Chase Total Checking®

Bonus
$400
Account Type
Personal Checking
Expires In
51 days
Requires
  • Direct Deposit

Bank of America

Advantage Banking Account

Bonus
up to $500
Account Type
Personal Checking
Expires In
97 days
Requires
  • Direct Deposit

Why The State Bank and Trust Company?

State Bank is a full-service community bank that offers a wide range of financial products and services including checking and savings accounts, lending solutions, retirement planning, wealth management, commercial services, and online banking tools to meet both personal and business needs.

With roots stretching back over a century, the bank emphasizes personalized service and long-term relationships, aiming to help customers achieve financial goals through tailored guidance and a broad offering of deposit, loan, and investment solutions.

As part of SB Financial Group, State Bank operates branch locations in Ohio and Indiana and brings additional financial support through related services such as title insurance under its holding company structure.

Customers benefit from digital tools like online and mobile banking, bill pay, and account management features that make everyday banking more convenient while maintaining the safety and accessibility of traditional community banking.

Cash Rewards Checking

The Cash Rewards Checking account is designed for everyday debit card users who want to earn cash back and ATM reimbursement. You’ll receive 5¢ cash back on every debit card purchase, giving a small reward for routine spending.

If you make 15 debit card point-of-sale transactions and maintain an additional qualifying relationship account (such as a linked savings, money market, CD, or loan), you can also receive up to $10 per month refunded in ATM fees.

Standard checking benefits like online and mobile banking, bill pay, and mobile check deposit are included, along with access to a broad ATM network and a customizable Unique-2-U!™ debit card.

Fees

Cash Rewards Checking does charge a monthly maintenance fee of $8, but there are ways to get this waived:

  • Maintain a minimum daily balance of $500
  • OR, Use any 3 of the eligible services (includes: Bill Pay, eStatements, Direct Deposit, etc) each month

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