For residents of California, State Bank of India is offering a $150 bonus when you open a Signature Checking account for a limited time.
To earn the $150 bonus, you must set up/receive a monthly direct deposit of $500 or more, make at least 2 or more Point-of-sale debit card transactions, enroll in e-Statements, and the Consumer Online Banking Service within 5 months of account opening.
If you are interested and qualify, make sure to take advantage of this offer and sign up today! Additionally, check out what other banks are offering, such as HSBC Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Editor’s Note: If you are interested in sending remittances, you can earn a $25 bonus when you send one today! For more information, be sure to check out our State Bank of India Remittance Checking Promotion Review.
Credit goes to Irene for letting us know about this bank promotion. If you’d like to participate in our Rewards Program, simply contact us when you find a new bank promotion and get paid up to $15!
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Table of Contents
State Bank of India $150 Bonus Info:
- Sign up today
- State Bank of India Promotion PDF Printout
- Account Type: Signature Checking
- Availability: CA (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Opening Deposit: $100
- Credit Card Funding: Up to $3,000 with a Visa or Mastercard.
- Direct Deposit Requirement: Yes
- Monthly Fee: $18, see below on how to avoid the fees.
- Additional Requirements: See below.
- Household Limit: None listed
- Closing Account Fee: If your account is closed before the credit is applied, you will forfeit the $150 bonus.
How To Earn State Bank of India $150 Bonus:
- Open a Signature Checking account from State Bank of India with a $100 minimum deposit.
- Complete the following requirements for 3 consecutive months within 5 months of account opening:
- Set up and receive a monthly direct deposit of $500 or more.
- Make at least 2 or more Point-of-sale debit card transactions.
- Enroll in e-Statements and the Consumer Online Banking Service.
- Then the $150 bonus will be deposited into your account after 150 days.
How to Avoid Monthly Fees:
- Signature Checking: Waive the $18 monthly fee by completing either of the following:
- Have a minimum Daily Balance of $2,000 OR
- Have a combined Daily Balance of $7,500 in consumer linked checking or savings deposit accounts
Make sure you check out State Bank of India to learn more about the $150 bonus promotion. Don’t forget, the $150 bonus will be reported on IRS Form 1099-INT. Feel free comment below and let us know about how it went and if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, check out our full list of Bank Promotions for all your banking needs.
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