<prompt> Human: I get promotional materials from local banks all the time. Direct deposit x within y days and receive z bonus. Right now I have 700 worth of offers from 2 banks like this. Is there any downside to taking advantage of them and then closing the account after the required 6090 days?  <response>: You have to read all the small print. There are fees associated with having a checking account, especially if it remains dormant without a lot of funds.For example: Fifth Third a regional bank has a 200 promotion when you open a Fifth Third Essential Checking Account and deposit 500 in it within 45 days, and then maintain a balance of at least 500 for 60 days.Sounds good, but, there is an 11 monthly service fee for the Essential Checking Account unless you maintain a balance of 1500 across checking, savings, and CDs with Fifth Third; OR spend 500 a month on a Fifth Third credit or business card; OR have an existing loan with Fifth Third.If you deposit only 500 and get hit with a monthly fee -boom-, you dip below the threshold for the bonus, and just gave them 11 dollars. There are ways around it e.g. deposit 522 and accept a return of 178, but it is not as simple as it may seem.These promotions are intended to get these commercial banks new customers; the promotions and rules attached are designed with that in mind. 