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:
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🔁 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 $400
Earn up to $400 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 11/26/2025. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $30,000 within 30 days of opening the account. The savings account also pays a competitive interest rate of up to 4.10% APY while you wait.
BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 9/9/25 - 1/28/26. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
