The $250 checking bonus returns for the first time since 2018. The $15 monthly fee waives with a $250 direct deposit. Early closure penalty applies within 180 days.
1ST SOURCE CORP currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
1st Source Bank brought back a $250 checking account bonus, the first time the offer has appeared since a $300 version in 2018. The deal runs through the Easy Banking Club account, which carries a $15 monthly fee waived for customers who set up a monthly ACH direct deposit of at least $250 from a paycheck, pension, Social Security or other government benefit.
Accounts closed within 180 days trigger a $25 early termination fee. The online application process still appears to route through branch systems, making an in-person visit the cleaner path for most applicants, readers reported. The bonus lands in a market where best stock brokers and banks alike compete for deposit inflows, though the direct-deposit requirement adds friction compared to no-strings offers.
The bank has not confirmed the credit-check method. Earlier versions of this offer used a soft pull, and readers are watching for confirmation before it hits the published bonus rankings.
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