FirstBank Savings Account $50 Bonus Review

For residence of Arizona, California or Colorado, FirstBank is offering a $50 bonus when you open a new savings account with them and set up automatic transfers. FirstBank SmartChoice College Savings Accounts do not have a minimum balance. A minimum opening deposit of $50 and an automatic transfer into the FirstBank College Savings Account(s) of at least $1 is required to receive the bonus. Account features include tax benefits based on your contributions, along with the stability and security of a savings account. Don’t forget, you’ll also receive 24/7 access to a associate that’ll help guide your savings to your financial goals. If you’re interested in a savings account at the moment,then i recommend reading on! Also, don’t forget you can also earn a $300 bonus with Chase Premier Checking!

How To Earn FirstBank $50 Bonus

1. Open a new savings account
2. FirstBank College Savings Accounts do not have a minimum balance, but a minimum opening deposit of $50 and an automatic transfer into the FirstBank College Savings Account(s) of at least $1 is required to receive the gift
3. Transfers must have at least a monthly occurrence for six consecutive months
4. The $50 award will be given at account opening

FirstBank Promotion Summary:

• Direct Bonus Link
  
• Account Type:  SmartChoice College Savings Account
• Maximum Bonus: $50
• Availability: AZ, CA, CO
• Expiration Date: None
• Hard/Soft Pull: Soft Pull via ChexSystem
• Direct Deposit Requirement: None
• Additional Requirements: None
• Monthly Fee: None
• Early Termination Fee: 10 days grace period to withdraw or close account without any penalties

Fine Print & Bonus Terms:

• $50 bonus offer valid for CollegeInvest 529 Savings Plan Accounts opened
• Limit one gift per beneficiary
• The $50 award is considered interest and is subject to IRS and other tax reporting
• A maximum of six telephone or online transfers and certain other types of withdrawals are allowed per month
• Withdrawals made before maturity are subject to an early withdrawal penalty
• A reminder notice is sent ten days prior to maturity
• You will have a 10-day grace period after the account matures to withdraw from or close the account without penalty
• If you do not instruct us otherwise, the account will automatically renew at maturity.

Final Analysis:

For residents Arizona,Colorado, or California, Simply follow the steps outlined above and you can earn up to $50 when you sign up for a SmartChoice College Savings Account with FirstBank. Don’t forget, you’re required to make a minimum opening deposit of $50 and an automatic transfer into the FirstBank College Savings Account(s) of at least $1 is required to receive the bonus. There is also a Early Termination Period of 10 days, I recommend you avoid the hassle of any penalties and claw-backs during this period. Also, don’t forget to check out our complete list of Bank Promotions for all of your banking requisites!