Seacoast Bank – up to $600 for Checking & Money Market

If you’re a resident of Florida, you have access to a fantastic bonus that can net you up to $600.

Seacoast Bank is an FDIC-insured (FDIC #131) National Bank that has been in business for nearly a hundred years. They have 90 branches and they’re all in Florida, it’s the only state in which they operate. You have to be a resident of Florida to take advantage of this offer (but you can open it online).

If you aren’t, you can always review our list of bank bonuses to find one that works for you.

The Seacoast Bank offer has two parts:

Checking Account Bonus – $400

  1. Open a Seacoast Classic, Senior Classic, Premium or Premium Elite Checking Account
  2. Establish Direct Deposits of $1,000 or more in the first 90 days

Money Market Account Bonus – $200

Open a new Seacoast Relationship Advantage Money Market and:

  1. Deposit $15,000 or more in new money within 10 business days of account opening
  2. Maintain an average balance of $15,000 or more over 90 days

That’s a total of $600.

Normally, getting $200 to deposit $15,000 is a bad deal if the money market account pays terrible interest. Fortunately, Seacoast pays a competitive interest rate if you meet a requirement.

If you four or more monthly transactions on the linked checking account, you get 4.95% APY on the account. You get a modest interest increase based on the balance of the account:

Balance APY Bonus
$0 – $49,999.99 0.01% APY
$50,000 – $349,999.99 0.03% APY
$350,000+ 0.10% APY

If you deposit the $15,000, you would get 4.96% APY on the account. It’s not the absolutely tippy top rate for a high yield savings account but it’s pretty close.

This promotional offer code is CON600 and it expires 12/31/2024.

👉 Learn more about this offer

How Does This Compare?

$400 to change a direct deposit of just $1,000 is a great offer – we’re seeing these offers be closer to $200 or so. For example, BMO Bank gives you $350 for a similar amount (you need $4,000 of direct deposits for 90 days).

The money market bonus of $200 for $15,000 is competitive because you get a higher interest rate if you meet the transaction requirements for the linked checking account. Otherwise, it’s only a middling offer on its own. Since it’s just one extra step, it’s one worth doing if you have the cash lying around.

Here’s how they compare against some of the best known offers out there:

U.S. Bank – up to $450

Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

👉 Click here to learn more

BMO Relationship Checking – $500 Cash

BMO Bank is offering a $500 Cash bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more

Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive Qualifying Direct Deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more

Other Posts You May Enjoy:

Raisin Referral Bonus Program: Get up to $2,000 Referring Friends

Raisin has increased their referral program – now customers can refer other customers and make up to $2,000 (up from $1,000). Referees can also make up to $200 depending on how much they deposit and keep in the account for the first 90 days.

PrizeRebel Review: Earn Money with Surveys

PrizeRebel Review: Earn Money with Surveys Product Name: PrizeRebel Product Description: PrizeRebel rewards you with gift cards, e-codes, bitcoin and…

MyPoints Review: Is MyPoints Legit?

MyPoints is a GPT website that rewards you with points for completing various activities. You can earn points for taking surveys, playing games, shopping online through MyPoints retail partners, and more. You can then redeem your points for gift cards and PayPal Cash. Is MyPoints legit? Find out in our full review.

Evergreen Money Review: High Yield Checking & T-Bills Sweep

Evergreen is offering a high yield checking account that sweeps your money into T-bills, earning you higher interest that’s state and local income tax exempt. And they’re offering $250 to new clients!

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here’s my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.

>> Read more articles by Jim

Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

See Jim on Instagram | Linkedin | TikTok

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button