A bank offering $500 reward to open accounts A local bank here in NJ is offering a total of $500 for opening a checking account- to have direct deposit amount of $2500 in 90 days and keeping that amount for 90 days. That will get $300 as a reward. The $200 rewards is to bring in $20,000 for total of 3 months. I don’t think I can manage that one. The question is knowing the interest will be taxed is this worth going through all that ? 
Any suggestions/ advice is appreciated.