Tag: account-fees

My current bank is fine but pays nothing on checking, and I saw a $400 sign-up bonus at another bank. It requires setting up direct deposit and keeping $1,500 for 90 days. I'm weighing the time to move deposits, update payroll, and babysit the account versus the bonus after taxes. There are also potential fees if I dip below the minimum and a clawback if I close too early. For folks who've chased bonuses, did the math and hassle net out in your favor? Any pitfalls I should watch for like ChexSystems flags, delays in getting the bonus, or tricky terms? I don't mind a little admin work, but I don't want a headache for $50 net. How do you decide when it's worth it?