See new Community Bank & Trust Promotions and Bonuses here.
Update 10/11/24: The $333 bonus has been decreased to $300 checking bonus using promo code COZY300 through 11/30/24.
About Community Bank & Trust Promotions
Community Bank & Trust is a community bank committed to building relationships through professional, personal service. They give you the powerful tools of a major financial institution, the convenience of a one-stop financial resource, and the responsiveness of a local bank. As a local bank, all the decisions affecting client relationships are made by people who live, work, and are actively involved in serving the Cedar Valley.
I will review the current offers below.
Community Bank & Trust $300 Checking Bonus
- What you’ll get: $300 bonus
- Account Type: MAXX Checking Account
- Availability: IA (Bank Locator)
- Direct Deposit Requirement: No, automatic transfer required
- Credit Inquiry: Soft Pull
- Chex Systems: Yes
- Credit Card Funding: Unknown
- Monthly Fee: $5; waivable
- Early Account Termination Fee: None
- Household Limit: None
(Expires 11/30/2024)
Editor’s Note: There is no direct deposit requirement, but you must have reoccurring ACH transaction such as another Bank ACH transfer to Community Bank & Trust.
How To Earn Bonus
- Open a MAXX Checking account with promo code COZY300
- $300 bonus will be paid within 30 days after the following occur:
- 1) Open a new checking account, which is subject to approval;
- 2) a reoccurring direct deposit or direct debit is set up with a minimum of $250 per month, posted per statement cycle;
- 3) The debit card has been used at least once during that same statement cycle.
- Requirements must be met within the first six months.
- New Client Bonus Offer: $300 bonus will be paid within 30 days after the following occur: 1) Open a new checking account, which is subject to approval; 2) a reoccurring direct deposit or direct debit is set up with a minimum of $250 per month, posted per statement cycle; 3) The debit card has been used at least once during that same statement cycle. Direct deposits examples are an electronic deposit of your paycheck, pension or government benefits from your employer or the government. Person to person payment (such as Zelle, Venmo or Cashapp) are not considered a direct deposit. Direct Debit examples would be a car payment, mortgage, rent payment or another household bill.
- Additional terms of this bonus offer include: Account must be opened a minimum of 30 calendar days, be active and have a positive balance at the time bonus is paid, which will be applied as a credit to the new account. Requirements must be met within 6 months of account opening. Client cannot have a previously closed CBT checking account with the past 12 months. Only new checking clients eligible. BankOn Checking and Health Savings Accounts are not eligible for bonus offer. Cannot be combined with other offers. Account only eligible for Iowa residents. Promotion ends 11/30/2024 and is subject to change without notice.
Community Bank & Trust $100 Referral Bonus
Community Bank & Trust is offering a $100 bonus when you refer a friend to open a new checking account and meet account requirements.
- What you’ll get: $100 bonus, your friend gets $100
- Account Type: Personal Checking account
- Availability: IA
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- Chex Systems: Yes
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Account Termination Fee: None
- Household Limit: None
(Expires November 1, 2023)
Editor’s Note: There is a $50 referral link with no expiration date.
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn Bonus
- Simply refer a friend to open any new checking account with Community Bank & Trust!
- $50 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
- $100 bonus will be paid within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
- Requirements must be met within the first six months.
- Only new checking account clients are eligible.
- Cannot be combined with any other offers.
- Minimum opening deposit requirements range from $25 – $100, depending on the checking type. (For example, Step up Teen Checking minimum – $25 and GO Checking minimum $100).
- The current client will receive a $100 credit into their CBT checking account only after the new client has met these requirements.
- Referral slip also serves as a one-time waiver of new client’s privacy rights as detailed in the bank’s privacy policy as the referral source will be aware of this account opening.
- New clients may not combine this with any other promotion.
- Bonuses are unlimited per client and will be reported to the IRS as applicable.
- MEMBER FDIC
Community Bank & Trust $200 Checking Bonus (Expired)
- What you’ll get: $200 bonus
- Account Type: Checking Account
- Availability: IA (Bank Locator)
- Direct Deposit Requirement: No, automatic transfer required (see what works)
- Credit Inquiry: Soft Pull
- Chex Systems: Yes
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Account Termination Fee: None
- Household Limit: None
(Expires 04/15/2023)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
How To Earn Bonus
- Open a new checking account.
- New client gets to choose one of the following: Yeti Hopper Flip 8 Soft Cooler, Apple Airpods 3rd Generation or $200 gift.
- The gift will be given within 30 days of when the following occur:
- the account has been open a minimum of 30 days,
- a reoccurring ACH transaction has occurred,
- the debit card has been used and the account has a positive balance.
- New client gets to choose one of the following: Apple Watch SE, Bowflex Selecttech 552 Dumbbell or a $200 credit to the account.
- The gift must be picked up at our Downtown Waterloo location (422 Commercial Street, Waterloo, IA 50701).
- Gifts will not be shipped. If the $200 credit is selected, it will be applied as a credit to the customer’s account once the gift requirements have been met.
- The gift is eligible for pick up within 30 days of when the following occur: the account has been open a minimum of 30 days, a reoccurring ACH transaction has occurred, the debit card has been used and the account has a positive balance.
- The account must be active in order to be eligible for the gift.
- Requirements must be met within the first six months.
- Customer will be notified by the bank when they have met the requirements and are eligible to pick up their gift.
- If you do not pick up your gift within 30 days of being notified, your gift will default to the $200 credit to the account.
- Accounts opened online will automatically default to the $200 credit. Only new checking account clients are eligible.
- Cannot be combined with any other offers.
- Minimum opening deposit requirements range from $25 – $100, depending on the checking account type. (For Example, Step Up Teen Checking minimum – $25 and GO Checking minimum – $100).
- Must be an Iowa resident.
- Refer-a-Friend details: The current client will receive a $100 credit into their CBT checking account only after the new client has met these requirements. New clients may not combine this with any other promotion. Refer-a-Friend bonuses are unlimited per client. Bonuses and gifts will be reported to the IRS as applicable.
- Promotion ends 4/15/23.
- Member FDIC.
How To Waive Monthly Fees
- Go Checking: $5 statement fee will be assessed on all accounts that do not sign up for e-statements within 90 days of account opening
- Maxx Checking: $5 monthly statement fee will be assessed on accounts that do not sign up for e-Statements within 90 days of account opening
- Free Checking: None
- Step Up Teen Checking: None listed
- Royal Club Checking: None listed
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Bottom Line
Community Bank & Trust is currently having a promotion where you can earn up to a $100 bonus simply by referring someone to open a new checking account. In addition to these fantastic bonuses you or your friends will have access to a range of account features to better your banking experience!
If you are not a resident in one of these states, you can see our complete list of Bank Promotions available nationwide for more offers.
Community Bank & Trust offers pretty standard rates when it comes to CDs and Savings Accounts. Check out our full list of Bank Rates and CD Rates for the best rates nationwide.
Compare Community Bank & Trust Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citibank, Wells Fargo, and more!
*Check back for updated Community Bank & Trust promotions, bonuses and offers.
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