Newest FNBO Promotions May 2020: Best Offers and Bonuses Worth Up To $500

May's FBO Bank promotions are for student loans and mortgages.

FNBO Direct is a family-owned online bank, which makes it a good option for customers who don’t need to visit physical branches. Online banks have less overhead than traditional brick-and-mortar banks and tend to pass the savings on to their customers by keeping fees low and savings interest rates higher than average.

One thing FNBO does have in common with other banks is that it regularly trots out promotions to lure new customers. A recent GOBankingRates survey found that most respondents don’t shop around at least once per year to check on promotional deals. As a result, they might end up missing out on cash bonuses or end up paying more than they need to for banking services.

Keep reading to learn about the latest FNBO Direct promotions for May 2020:

FNBO Direct Promotions at a Glance

The latest promotions from FNBO Direct¬†encourage customers to save money or sign up for a bank credit card. Here’s a closer look at the current FNBO offers for May:

Best FNBO Bank Promotions: May 2020 

Save for Your Future
Sponsors of
AccountCash Value of BonusExpiration Date
FNBO Direct Student Loan Refinancing PromotionUp to $200None
FNBO Direct Mogi Mortgage Closing Costs PromotionUp to $500None

Compare: Best Online Banks of 2020

Current FNBO Direct Promotions

FNBO bonuses come with certain conditions you’ll need to meet to earn the cash bonuses. Here’s what you need to know:

FNBO Direct Student Loan Refinancing Promotion: Up To $200 Cash Bonus Offer

FNBO Direct has partnered with CommonBond to offer college-graduate banking customers a student loan refinancing solution. You can earn up to $200 as a cash bonus if you refinance with CommonBond. You’ll also receive an autopay discount when you choose to draft your monthly loan payment from your FNBO Direct account. Here’s more:

FNBO Direct Mogi Mortgage Closing Costs Promotion: Up To $500 Cash Bonus Offer

FNBO’s Mogi home loan program will help you with the entire loan process from start to finish and also help you save on your loan application or origination fees. Considering that loan application fees cost up to $500, the savings might be worth your while. Here’s more on how to get your mortgage application fees waived:

  • Cash value: Up to $500
  • Minimum deposit to qualify: N/A
  • Expiration date: None
  • How to get it: Sign up for FNBO Direct’s Mogi and your fees will be waived at closing.
  • When you’ll get it: At closing
  • Terms and conditions: Cannot be combined with other offers
  • Monthly fees: N/A
  • Promotion page: FNBO Direct Mogi Mortgage Closing Costs Bonus Offer

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FNBO Direct mobile
FNBO Direct/Farknot_Architect / Getty Images/iStockphoto

Opening an FNBO Direct Account

Because FNBO Direct is an online-only bank, you’ll obviously need to open an account online. The process takes about 10 to 15 minutes. You’ll need to provide the following:

  • Social Security or Tax ID number
  • Driver’s license or state ID card
  • Employment information, including contact info
  • Loans or mortgage information to verify your identity
  • Your current bank account and routing number to fund your account by scheduling an electronic funds transfer

Everything You Need To Know: How To Open a Bank Account Online

Save for Your Future
Sponsors of

How To Earn the FNBO Direct Bonuses

You won’t need any FNBO coupons to take advantage of this month’s FNBO offers. The promotions are all about loans for milestones in your life, such as buying your first home or starting your career after college. You’ll need good credit to qualify for both promotions. If need be, take the necessary steps to raise your credit score and then make sure your credit file is accurate and up-to-date for the best chances of qualifying.

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This content is not provided by FNBO. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by FNBO.

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