Meet $1,000 Minimum Spend & Earn $200 Bonus!

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Meet $1,000 Minimum Spend & Earn $200 Bonus!

Million Mile SecretsMeet $1,000 Minimum Spend & Earn $200 Bonus!Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Update:   Sign-ups for this account are temporarily unavailable.  If you decide to apply when it’s back online, be sure to verify the bonus BEFORE you submit your application!

Looking for a way to meet the minimum spending requirements to earn the sign-up bonus on your new credit card?  Via Doctor of Credit, you can open a bank account at Seacoast Bank and fund an initial deposit up to $1,000 with a credit card.

And, you can earn up to a $200 sign-up bonus after meeting certain requirements with the bank through June 30, 2016!

Meet 1,000 Minimum Spend Earn 200 Bonus
Meet $1,000 of Minimum Spending and Earn a $200 Bank Sign-Up Bonus!

I’ll show you how it works!

What’s the Deal?

Link:   Seacoast Bank $200 Bonus Checking Account

There are 2 parts to make the most of this deal.

1.   Fund a $1,000 deposit to a checking account using a miles and points credit card

Instead of using cash or a check to make an initial deposit to your Seacoast Bank account, you can use a Visa or MasterCard credit card.

But before you do this, it’s a good idea to call your credit card company and set your cash advance limit to $0.  That way, if the funding codes as a cash advance, the transaction won’t go through.  If you can’t set it to $0, try a small number, like $20.

Folks report success using the Bank of America Alaska Airlines and Chase Sapphire Preferred cards.  Others noted Barclaycards did NOT work because the transaction coded as a cash advance.

2.   Earn a $200 bank sign-up bonus

For new bank customers, you can earn the following bonuses through June 30, 2016, although the bank could end the deal early:

  • $100 bonus after set-up of a $500 direct deposit within the first 2 months
  • $100 bonus after making 15 debit card purchases within the first 2 months

If you don’t want to set-up a direct deposit, it’s possible to move money from AMEX Serve (or another banking account) to Seacoast Bank, which counts towards the direct deposit requirement according to comments on this post.

After meeting the requirements, folks report receiving the bonus in their account within 73 days.

Here are tips to quickly make 15 transactions to help you earn the bonus!

Watch Out for Account Fees

The bank account has a $7 monthly fee unless you receive e-statements and:

  • Complete 7 debit card purchases per month OR
  • Have $250 per month in direct deposits

There is also a $30 account termination fee if the account is closed within 90 days.

So before you sign-up for an account, see if you can meet the requirements to avoid fees.  Or, the fee might be worth paying for a month or two if you earn miles and points AND a $200 bonus – not to mention complete a minimum spending requirement!

Bottom Line

Seacoast Bank is offering a $200 sign-up bonus for new checking accounts opened through June 30, 2016.  To earn the full bonus, you must set-up $500 in direct deposits AND make 15 debit card purchases within the first 2 months.

You can fund a $1,000 initial deposit using certain Visa or MasterCard credit cards to earn miles and points and meet minimum spending requirements.  Remember to contact your bank to limit the cash advance amount on your card to avoid fees.

If you’re looking for other ways to earn your credit card sign-up bonus, here’s my list of 40+ ways to complete your minimum spending!

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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killed it buddy

And it’s dead.

I tried this and with a 750+ credit score they didn’t instantly approve me request for a checking account… what?! They said they’d call to talk about it. I’m guessing it has to be I input some information wrong or something, because otherwise I’ve never heard of a bank that doesn’t want people to put money in their accounts.

US citizen only……