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1st Source Bank

1st Source Bank Easy Banking Club Checking $250 Bonus

1st Source Bank pays you $250 when you open an Easy Banking Club Checking account online with promo code 250USA between July 1 and August 15, 2026, then receive at least $500 in ACH direct deposits, make 10 debit card purchases in a single statement cycle, and enroll in eStatements, all within your first three statement cycles. It takes $25 to open. The $10 monthly account service fee is waived any cycle you receive $250 or more in direct deposits.

Bonus amount
$250
Expires
Aug 15, 2026
Time to complete
~90 days
Bonus deposited in
~90 days
Difficulty
Easy

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Requirements

Last verified: Jul 26, 2026

  1. Open an account

    Open a new 1st Source Easy Banking Club Checking account with promo code 250USA between July 1 and August 15, 2026. It takes a $25 minimum opening deposit.

  2. Receive a $500 direct deposit

    Set up and receive at least one ACH direct deposit of $500 or more within any one of your first three statement cycles. Qualifying deposits are payroll, pension, or government benefits. Transfers between accounts, person-to-person payments, and branch or ATM deposits do not count.

  3. 10 debit card purchases

    Complete at least 10 debit card point-of-sale purchases within a single statement cycle. There is no minimum purchase amount.

  4. Enroll in eStatements

    Enroll in electronic statements. This also waives the $3 paper statement fee.

1st Source credits the $250 within three statement cycles after you complete all of the qualifying activities. The account must still be open when the credit posts.

Account Details

Monthly fee$10/month
Fee waiver
  • The $10 account service fee per statement cycle is waived when you receive $250 or more in direct deposits during that cycle.
  • The $3 paper statement fee is waived when you enroll in eStatements, which the bonus already requires.
APY0.07% (as of Jul 26, 2026)
Min. hold period90 days

The account has to stay open until the $250 credit posts, which 1st Source pays within three statement cycles of you finishing the requirements. Closing early forfeits the bonus.

Credit inquiryNot confirmed. Ask the bank before you apply.
ChexSystemsYes. May deny applicants with negative banking history.
AvailabilitySelect states (IN, MI)

Eligibility

Minimum age18+
Existing customersNot eligible

Current 1st Source personal checking customers are not eligible for this offer.

Other restrictions
  • The promotion is branded for the Fort Wayne, Indiana market. The online application is not visibly geo-gated, but 1st Source is an Indiana and Michigan bank.
  • Estate, non-individual, and HSA account titles are not eligible.
  • Employees of 1st Source Bank and its subsidiaries are not eligible.

Tips & Gotchas

  • Promo code 250USA is required. Open from the link above so the code is attached to your application.
  • All three activities have to land inside your first three statement cycles, and the 10 debit purchases have to fall inside one single cycle.
  • Keep $250 or more in direct deposits flowing each cycle and the $10 account service fee is waived.
  • The promo page is branded for the Fort Wayne, Indiana market. 1st Source is an Indiana and Michigan bank, so confirm your address qualifies during the application.

Can You Earn This Bonus Again?

Can rechurnNo
NotesNew clients only. Anyone who already holds a 1st Source personal checking account is excluded.

Fine Print

To receive the $250 account credit you must open a new 1st Source Easy Banking Club personal checking account during the promotional period of July 1, 2026 through August 15, 2026 with the offer code. You must complete all of the following within any one of the first three statement cycles following account opening: set up and receive at least one ACH direct deposit of $500 or more, and complete at least 10 debit card point-of-sale transactions within a single statement cycle. You must also be enrolled in electronic statements. Qualifying ACH direct deposits include payroll, pension, or government benefits; transfers between accounts, person-to-person payments, and deposits made at a branch or ATM do not qualify. Current 1st Source personal checking customers are not eligible. The credit is applied within three statement cycles following completion of all qualifying activities and the account must be open for the credit to be paid. Accounts titled as Estate, Non-individual, and HSA are not eligible. Employees of 1st Source Bank or its subsidiaries are not eligible.

Taxable income · Reported on 1099-INT

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We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money