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[FL, MA, NJ, NY, VT] Trustco Bank $300

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Update 1/10/26: Bonus is back, this time for $300. Possibly in branch only now? Hat tip to reader snailrock

Update 5/30/25: Deal is back, this time $250 + ring doorbell. Hat tip to reader Orin

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: FL, MA, NJ, NY, VT
  • Direct deposit required: Yes, $500+
  • Additional requirements: None
  • Hard/soft pull: Soft
  • Chexsystems: Yes
  • Credit card funding: Yes, unknown maximum
  • Monthly fees: None
  • Early account termination fee: $26 if closed within three months + you forfeit bonus
  • Household limit: One
  • Expiration date: April 30, 2025

The Offer

Direct link to offer

  • Trustco Bank is offering $300 when you open a Home Town Free Checking account and a rainy day fund and complete the following requirements:
    • Receive $500+ in direct deposits (must be the entire amount from a recurring Payroll, Social Security, and/or Pension)
    • In addition, you must open a new Rainy Day Fund account with a minimum transfer of $10 per week from your new Home Town Free Checking Account

The Fine Print

  • Promotional offer is valid from 4/4/2025 – 4/30/2025.
  • Only one offer of each per eligible customer and household per 12-month period.
  • Account opening and other transactional requirements must be met.
  • All bonuses will be paid within 60 calendar days of verification that the requirements have been satisfied for each offer.
  • 1. To receive the Stanley™ Mug (approximate retail value of $50) and $250 bonus, you must open a new Home Town Free Checking with Direct Deposit. Direct Deposit must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $500 monthly Direct Deposit).
  • Direct Deposit must be completed within 60 calendar days from the date that the account was opened.
  • Minimum of $50 to open a Checking Account. Home Town Free Checking: Does not earn interest. 2 – Initial debit card supplied at no cost. A fee may apply for replacement cards. 3 – Standard messaging and data rates may apply and vary by carrier. Offer subject to change without notice. Employees are not eligible to participate in this promotion.
  • All bonuses will be reported to the internal revenue service.
  • Please Note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. Stanley™ is a registered trademark and not affiliated with this promotion.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about. The savings account has no monthly fees to worry about as long as you have a balance of $200+

Early Account Termination Fee

If the account is closed within three months you have to pay a $26 fee, you also forfeit the bonus.

Our Verdict

Previous bonus was only $250 and had to be opened in branch. This is a better bonus but no savings bonus component. It’s a shame that the stanley mug looks branded so can’t sell that off.

Hat tip to reader Bockrr

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William Charles

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