Live Oak Bank

Monthly Fees: None

Availability: Nationwide

Account Type: Personal Bank Account

Expiration: 5/16/2025

Disclosure: 

Customers must meet all of the following requirements to be eligible for the $300 bonus:

· New and Existing Customers: The promotion begins on April 14th, 2025.

· Only one bonus is available per Tax Identification Number per promotional period. Only personal savings accounts are eligible for the bonus offer. Checking accounts, certificates of deposit (CD) accounts and fiduciary accounts (e.g., trusts) are not eligible for this offer.

· Opening of a new account will be subject to approval by Live Oak Banking Company in its sole discretion.

· A new account must be opened between April 14, 2025 and May 16, 2025 to be eligible.

· A new Live Oak Bank personal savings account must be fully funded with at least $20,000 by 11:59 p.m. Eastern Time on 05/16/2025 to be eligible for the bonus. If the account is not fully funded by May 16th, then the account is not eligible for the bonus offer.

· All funding of the new personal savings account must consist of funds originating from an external financial institution to qualify; deposits or transfers originating from an existing Live Oak Bank account (whether personal or business) via internal transfer, CD redemption, check, ACH transfer, wire, or loan proceeds do not qualify for bonus offer.

· Beginning on the date in April or May 2025 that the new account attains a balance of at least $20,000, if the balance remains equal to or exceeding $20,000 for 60 consecutive days, then the account will be eligible for the bonus if all other conditions are met. If all eligibility criteria are met, the $300 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 60-day period.

· Your new account must not be closed or restricted at the time of payout in order to receive the bonus. Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without notice, if fraud or other suspicious activity is suspected.

· Any promotional amounts received may be subject to taxation.

· Existing Customers: In addition to the other requirements for the bonus offer, existing Live Oak Bank customers must maintain their existing account balances (not including interest accrued but not credited to the account) at or above the end of day balance as of April 13th 2025 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.