Find an updated list of Sterling Bank & Trust promotions, bonuses, and offers here.
Update 8/21/24: We’ve updated the locations to CA, MI, NY residents. There is currently a limited time offer where you can earn $50 per person you refer to open a new checking account. The referred party will also earn a $250 bonus.
About Sterling Bank & Trust Promotions
Sterling Bank & Trust is headquartered in Southfield, Michigan and was founded in 1984. Since then they have grown to 29 locations and boasts an A health rating.
I’ll review the current offers below.
Sterling Bank & Trust $50 Referral Bonus
- What you’ll get: $50 Bonus
- Account Type: Sterling Eagle Checking Account
- Availability: CA, MI, NY (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fee: Maintain a $500 balance to avoid fees
- Early Account Termination Fee: None
- Household Limit: None
(Limited time offer)
| 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
HOW TO EARN BONUSFINE PRINT
- Download, print and complete the form with your name, email, last 4 digits of your account number and phone number along with information about your friend.
- Give the completed form to your friend to take with them so you both can share and earn!
- Direct your friend to any one of our branch locations to open a new Eagle Checking Account. Please note they must have the completed referral form to participate in the Refer-A-Friend program.
- For the current customer (referrer) to receive the $50 Refer-A-Friend bonus:
- 1) Refer your friends to open a Sterling Eagle Checking Account with qualifying activities using this referral form.
- For the referring customer to receive the referral bonus, the referred candidate must:
- a) Be new Sterling customer;
- b) Open a qualifying Eagle Checking Account with a minimum opening balance of $500;
- c) The referred candidates account must remain open for 120 days.
- For the referred candidate to receive the $250 Refer-A-Friend bonus:
- 1) Referred candidate must be a new Sterling customer and open a qualifying Sterling Eagle Checking Account;
- 2) Must have a $500 minimum opening deposit and must maintain a $500 balance to avoid fees;
- 3) Referred candidate must have a minimum of 2 reoccurring $500 direct deposits made to their new Eagle Checking Account within 120 calendar days of account opening.
- 4) Must also enroll in Sterling online banking to qualify.
- Bonus/Account Information: Referral form must be submitted at the time of account opening. Referral bonus offer is available to eligible personal account holders approximately 120 days after account opening.
- For the current customer (referrer) to receive the $50 Refer-A-Friend bonus: 1) Refer your friends to open a Sterling Eagle Checking Account with qualifying activities using this referral form. For the referring customer to receive the referral bonus, the referred candidate must: a) Be new Sterling customer; b) Open a qualifying Eagle Checking Account with a minimum opening balance of $500; c) The referred candidates account must remain open for 120 days.
- For the referred candidate to receive the $250 Refer-A-Friend bonus: 1) Referred candidate must be a new Sterling customer and open a qualifying Sterling Eagle Checking Account; 2) Must have a $500 minimum opening deposit and must maintain a $500 balance to avoid fees; 3) Referred candidate must have a minimum of 2 reoccurring $500 direct deposits made to their new Eagle Checking Account within 120 calendar days of account opening. Direct deposits must be an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. Person to person payments (such as Zelle), transfers from one account to another, mobile deposits, deposits made at a branch, or ATM does not qualify as a direct deposit. Cannot be automatic transfers from a Sterling savings, money market or other deposit account(s); 4) Must also enroll in Sterling online banking to qualify.
- Once the offer criterion is met, the bonus will be credited into the new personal checking account and the referring customer’s personal account no later than 130 days from the new account opening date. Accounts must remain open, active, and in good standing in order to receive the bonus. If the checking account is closed by the customer or Sterling Bank within 6 months after account opening, Sterling Bank does reserve the right to deduct the bonus amount from that account at closing. Sterling Bank may issue bonus recipients an IRS Form 1099-MISC, or other appropriate forms reporting the value of the bonus. The recipient is responsible for any applicable taxes and consulting a tax advisor. IRA savings accounts are not eligible. The offer may be withdrawn at any time and is subject to change without notice. Sterling Bank & Trust, FSB employees and board members are not eligible for the Refer-A-Friend program.
Sterling Bank & Trust $300 Checking Bonus (Expired)
- What you’ll get: $300 Bonus
- Account Type: Sterling Eagle Checking Account
- Availability: CA, MI, NY (Bank Locator)
- Direct Deposit Requirement: Yes, two $500+ direct deposits within 120 days (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fee: Maintain a $500 balance to avoid fees
- Early Account Termination Fee: None
- Household Limit: None
(Limited time offer)
| 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
HOW TO EARN BONUSFINE PRINT
- Open a new Sterling Eagle Checking Account with a minimum opening deposit of $500 and must maintain a $500 balance to avoid fees.
- Must have a minimum of 2 reoccurring $500 monthly direct deposits made to this account within 120 calendar days of account opening.
- Must also enroll in Sterling online banking to qualify.
- Offer not available to existing Sterling checking customers, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 2 years.
- Offer good for only one time use and only for one new Eagle Checking Account.
- To receive the bonus: 1) Open a new Sterling Eagle Checking Account with a minimum opening deposit of $500 and must maintain a $500 balance to avoid fees.
- All account applications are subject to approval; 2) must have a minimum of 2 reoccurring $500 monthly direct deposits made to this account within 120 calendar days of account opening.
- Your direct deposits needs to be an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government.
- Person to person payments (such as Zelle), transfers from one account to another, mobile deposits, deposits made at a branch, or ATM does not qualify as a direct deposit.
- Cannot be automatic transfers from your Sterling savings, money market or other deposit account you have at the bank; 3) Must also enroll in Sterling online banking to qualify.
How To Avoid Monthly Fees
- Sterling Eagle® Checking Account: Not listed but states “maintain a $500 balance to avoid fees”
- Sterling Freedom® Checking Account: No monthly fee
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Bottom Line
These are the current Sterling Bank & Trust promotions and offers. If you have experience with this credit union let us know if it’s soft or hard pull. Additionally, the $250 bonus could be for anyone looking for a checking account!
If you are interested in a different banking experience, you can see all nationwide bank bonuses for more suitable offers.
CDs and Savings accounts are another great way to save and earn money. Check out our full list of Bank Rates and CD Rates for the best rates nationwide.
*Check back for updated Sterling Bank & Trust promotions, bonuses and offers.
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