Read on to learn more about American Savings Bank promotions, bonuses and offers here.
Currently, they are offering a $250 or $500 bonus when you open a qualifying account and meet all the requirements.
About American Savings Bank Promotions
American Savings Bank is a financial institution created on the foundation of tradition. The mission and vision of the bank is to help their community grow and be more unified. If are interested in a new banking experience, you can see all nationwide bank bonuses for more suitable offers.
I’ll review the offers below.
American Savings Bank $500 Savings Bonus
American Savings Bank is offering up to a $500 bonus when you open a new savings account.
- What you’ll get: $250 or $500 bonus
- Account Type: Savings Account
- Availability: HI (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Monthly Fee: $0-$5, can be waived, see below
- Household Limit: Not listed
- Closing Account Fee: Not listed
(Expires 05/31/2023)
| Compare this savings account to alternatives like Discover Bank Savings (Up to $200 Bonus + 4.00% APY), UFB Premier Money Market (4.81% APY), CIT Bank Platinum Savings (4.85% APY), SoFi Checking & Savings ($275 Bonus + 4.00% APY), and Western Alliance Bank Savings (5.05% APY). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- From May 1 – May 31, 2023, bring in new money from another financial institution and receive cash back when depositing into your ASB personal savings account:
- Deposit a minimum of $100,000 into a personal savings account and receive $500 cash back or
- Deposit a minimum of $50,000 into a personal savings account and receive $250 cash back
- Offer valid from 05/01/2023 to 05/31/2023, when 1) you deposit a minimum of $100,000 from another financial institution into specified savings accounts to receive $500 (or deposit a minimum of $50,000 from another financial institution to receive the $250 “gift”), 2) the minimum deposit amount to qualify for the gift (“eligible funds”) remains in your ASB personal savings account for a minimum of 90 days from the end of the promotion (08/29/2023), and 3) you opt-in and let us know of your intent to participate in this promotion by visiting one of our branches or by calling our Customer Banking Center.
- Eligible funds must post to the account within the campaign period.
- The maximum external transfer amount during online account opening is $2,500; remaining eligible funds from another financial institution must be deposited via branch, wire, or by ASB Online Banking via mobile deposit(s) or external transfer(s).
- Value of the gift is considered interest and may be reported to the IRS.
- Limit of one gift per customer and only one account per customer is eligible.
- Limit of one gift per customer for any 12-month period.
- One cannot combine this cash back offer with any other promotion.
- Fees could reduce the earnings on the account.
American Savings Bank $500 Business Checking Bonus (Expired)
Earn up to a $500 bonus with a new Business Checking Account.
American Savings Bank is offering up to a $500 bonus when you open a new business checking account.
- What you’ll get: $500 bonus
- Account Type: Business Checking Account
- Availability: HI (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Monthly Fee: $0-$25, can be waived, see below
- Household Limit: 1
- Closing Account Fee: If the Business Checking account is closed within 180 days after the offer expires, a $100 fee will be assessed.
(Expires November 30, 2019)
| Compare to some of the best business checking accounts such as Chase Business Checking ($300 or $500 Bonus), U.S. Bank Business Checking ($500 or $750 Bonus), Live Oak Bank Business Savings ($300 Bonus), Axox Bank Basic Business Checking ($100 Bonus), Axos Bank Business Interest Checking ($100 Bonus), Huntington Unlimited Plus Business Checking ($1,000 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
How To Earn $500 Business Checking Bonus
HOW TO EARN BONUSFINE PRINT
- Get $150 when you open a Biz Essentials Checking
- Get $200 when you open or upgrade to a Biz Plus Checking
- Get $500 when you open or upgrade to a Biz Deluxe Checking or Biz Analyzed Checking
- Must make at least 10 posted transactions (any credit or debit) by 11/30/19 and must be enrolled in Online Banking with eStatements.
- The cash back will be deposited into your business checking account by 12/13/19 if the criteria is met.
- If the Business Checking account is closed within 180 days after the offer expires, a $100 fee will be assessed.
- Value of the cash back is considered interest and may be reported to the IRS.
- Cannot be combined with any other promotional offer.
- To qualify for the offers, you must not have had these services within the last 12 months.
- For Business Lines, Business Loans and Merchant Services, the account is subject to underwriting guidelines and credit approval.
American Savings Bank $500 Bonus (Expired)
Earn up to $500 when you open a new checking account!
American Savings Bank is offering up to a $500 bonus when you open a new qualifying checking account.
- What you’ll get: $500 bonus
- Account Type: Kalo Cash Back Checking Account
- Credit Inquiry: Soft Pull or Hard Pull
- ChexSystems: Unknown
- Opening Deposit: $20
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Monthly Fee: $25, can be waived if you complete any of the following:
- Have $30,000 in combined personal monthly average deposit and/or outstanding loan balances
- Set up to receive $5,000 in direct deposits per statement period
- Household Limit: 1
- Closing Account Fee: $100, if closed within 180 days of account opening
(Expired)
| For more advanced features in a checking account, compare this offer to BMO Harris PremierTM Account ($500 Bonus), U.S. Bank Smartly® Checking (Up to $400 bonus), Chase Private Client ($3,000 Bonus), TD Bank Beyond Checking ($300 Bonus), Fifth Third Bank Preferred Checking ($225 bonus), and Citigold® Checking Account (Up to $2000 Cash Bonus). |
How To Earn $500 Bonus
HOW TO EARN BONUSFINE PRINT
- Open a new American Savings Bank Kalo Checking account by July 31, 2019
- Complete the minimum opening deposit of $20.
- Deposit money from another institution:
- To earn $500: deposit $50,000
- To earn $200: deposit $25,000
- Visit your local branch or call their customer service line to join the promotion.
- If the eligible funds are withdrawn from your account within 90 days from the end of this promotion (10/29/2019), you will not qualify for the gift.
- Value of the gift is considered interest and may be reported to the IRS.
- Limit of one gift per customer and only one account per customer is eligible.
- Limit of one gift per customer for any 12 month period.
- Cannot be combined with any other promotional offer.
- Fees could reduce the earnings on the account.
How To Avoid Monthly Fees
- Kalo Essentials Checking: No monthly fees
- Kalo Plus Checking: $15 per month waived with $7,000 in combined personal monthly average deposits and/or outstanding loan balances OR $2,500 in direct deposits per statement period
- Kalo Deluxe Checking: $25 per month waived if $30,000 in combined personal monthly average deposits and/or outstanding loan balances OR $5,000 in direct deposits per statement period
- Statement Savings: $4.50 monthly fee waived with $300 daily balance
- Tiered Savings: $5 monthly fee waived with $500 monthly average balance
- Money Market: $10 monthly fee waived with $1,000 daily balance (or $2,500 monthly average balance)
- Holiday Savings: No monthly fees
- Moneyhune Savings: No monthly fees
Bottom Line
While the bonus at American Savings Bank sounds enticing, you need to have a lot of capital at your disposal to even qualify for the first tier. This bonus is easy if you have the money to spare, and they offer a lot of free services.
While they have a generous bonus, American Savings Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
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*Check back at this page for updated American Savings Bank promotions, bonuses and offers.
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