First Commonwealth Bank – $200 Checking & Savings Bonus

First Commonwealth Bank is a community bank with 129 domestic locations in two states (but a footprint that spans several more) that offers a nice little bonus on their checking and savings accounts.

First Commonwealth Bank is the result of a merger of several community banks in western Pennsylvania and, as with every bank listed on the blog, they are FDIC-insured (FDIC #7468) since 1880 (likely the oldest certificate of the merged banks).

They are publicly traded under the ticker FCF so you can even assess the financial strength of the bank if you so choose.

But today we’re going to talk about how you can take advantage of their new account bonus:

Table of Contents
  1. First Commonwealth Bank – up to $200
  2. How Does This Compare?

🔁 Updated March 2024 with new bonus details. They kept most of the same bonus terms (you now have to make 10 transactions, up from just 5) and just changed the promotion code to FCB12024.

First Commonwealth Bank – up to $200

First Commonwealth Bank has a $200 bonus offer when you open a checking account and savings account, online or by phone, using the promotional offer code FCB12024. (all new checking accounts are also automatically entered to win one of 8 air fryers)

The bonus has one requirement – complete 10 or more debit card transactions that post and clear the account within 60 days of account opening. When you complete that, you get the $200 bonus deposited as “Promotional Credit.”

Available to residents in their home mark of PA, OH, IN, KY or WV who have no personal checking account relationship with them at the time of opening.

They also have a Refer a Friend program where you get a $50 Mastercard Reward Card when you get a friend to open an account, completely 1 direct deposit of $250+ and 10 debit card purchases. (the link below is not a referral link)

👉 Learn more about this bonus offer

(Offer expires 4/30/2024)

How Does This Compare?

It’s quite a few hoops to have to jump through to get the $200 bonus so it’s not as good as some of the other offers we’ve listed here. But if you live in the market and you are searching for a bonus to go after because you’ve done so many others, it’s a decent offer to try.

Here are some of the other nationally available bonuses worth looking at:

U.S. Bank – up to $700

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

👉 Click here to learn more


BMO Relationship Checking – $500

BMO Bank is offering a $500 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more


Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more


Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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