Commonwealth Bank & Trust Company invites consumers from the states of Ohio, Indiana, and Kentucky to take advantage of their best checking account program which allows account holders to get a $150 checking account bonus.

The checking account bonus can be achieved in installments of $15 given for every bill payment you make. This bonus checking account deal is valid for new Extreme Checking account clients.

The bank requires that the account must be open for at least 2 months to qualify for the bonus. They also limit the offer to one bonus per individual. The maximum checking account bonus is $150 which must be reported to the IRS.

Interested consumers can open an account for as low as $100.

The extreme checking account has been on for quite some time now. It has the following current interest rates if certain monthly requirements are sufficed:

• 4.50% APY for balances through $25,000
• 1.01% APY for deposits above $25K
• Base interest rate of 1.01% APY if the monthly requirements are not met

This reward checking account requires that you make 10 purchases using the debit card, have a direct deposit or automatic payment, and sign up for electronic statements. These are monthly requirements.

Interested individuals can open an account online. According to the bank, they only do a soft credit pull when you open an account with them. If you have questions about their products and services, you can contact the bank through 1866-840-2661.

This is a good grab since it is rare to find a high yield reward checking account that comes with a bonus offer.

Commonwealth Bank and Trust Company has branches in Simpsonville, Anchorage, Shelbyville, and Louisville. The ratings of this bank are quite strong. Bankrate.com and BauerFinancial stamped their performance report with 4 stars.

The bank is indexed with the FDIC with certificate number 10146.