We are offering a "bonus", approx. $200, to consumers who open an interest bearing account requiring them to keep the account open for a certain period of time and opened for a certain amount. If that customer closes the account before the required time period we would like to recover the cost of the bonus whenever possible and would disclose the closing fee in our marketing materials. Are there any regulatory restrictions on the amount you can charge as a closing fee?

Not that I'm aware of.

To piggyback on the original question...if our Fee Schedule states that there is a $25 early closure fee (closed within 90 days of opening), can we recover the full bonus amount (exceeding $25) if this is disclosed in the original marketing materials? Or would the Fee Schedule supercede the marketing materials?

It would have to be in the Truth-in-Savings disclosure. Marketing materials do not count as a disclosure. Good luck in ever collecting if the customers run their accounts to zero.

To add to that if you want to prepare a simple ad for a bonus, how simple can it be and still attract attention, i.e. picture of the bonus with a brief "get this when you open a checking account?"