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Tag: ma bank bonuses

  • [MA, NH, ME, RI, CT, VT] Country Bank $400 Checking Bonus – Doctor Of Credit

    [MA, NH, ME, RI, CT, VT] Country Bank $400 Checking Bonus – Doctor Of Credit

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    Update 10/5/24: Deal is back and now $400 instead of $200. Hat tip to James

    Update 5/2/24: Deal is back again.

    Offer at a glance

    • Maximum bonus amount: $400
    • Availability: MA, NH, ME, RI, CT, VT
    • Direct deposit required: Yes, $500+ for three consecutive statement cycles
    • Additional requirements:
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Country Bank is offering a $400 bonus when you open a new checking account and complete the following requirements for three months:
      • At least 12 debit card purchases, post and settle;
      • At least 1 (one) of the following types of transactions: direct deposit, ACH payment, or bill pay transaction(s), post and settle;
      • Be enrolled in and have agreed to receive e-statements rather than paper statements.

     

    The Fine Print

    • To be eligible for the Kasasa Cash Back Checking promotional offer you must be at least 18 years of age, and not have owned a Country Bank checking account within the last 180 days. Limited to one offer per person as identified by Social Security Number (SSN).
    • Requirements to receive the Bonus offer:
      • Open a Kasasa Cash Back Checking account in-person or online starting April 1st, 2023.
      • At account opening, you must set up and maintain a direct deposit to your new Kasasa Cash Back Checking account totaling at least $500 per statement cycle, for three (3) consecutive months. Qualifying direct deposits are regular, periodic automated clearing house (ACH) credits, which may include payroll, salary, pension or government payments (such as Social Security). Payments through the Real-Time Payments (RTP) network, and payments through peer-to-peer networks such as PayPal, Zelle, Venmo or others do not qualify as direct deposits. Transfers from another Country Bank deposit account do not qualify.
    • Bonus Offer Payout:
      • Your account will be credited within 120 days of bonus requirements being met.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees to worry about

    Early Account Termination Fee

    I wasn’t able to find a fee schedule so unsure if there is an EATF.

    Our Verdict

    Better than the previous $150 checking bonus we’ve seen. We need to know if it’s a hard or soft pull.

    Hat tip to Bockrr

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    William Charles

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  • [MA] Dedham Savings Bank $300 Checking Bonus – Doctor Of Credit

    [MA] Dedham Savings Bank $300 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $300
    • Availability:  Need to open in branch or near a branch. Branches are located in Dedham, Westwood, Needham, Walpole, Norwood, and Sharon in Massachusetts. [Locations here]
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown 
    • Monthly fees: None
    • Early account termination fee: No/unknown
    • Household limit: None
    • Expiration date: December 31, 2024

    The Offer

    Direct link to offer

    • Dedham Savings Bank is offering a $300 bonus when you open a new business checking account and complete the following requirements:
      • Deposit a minimum of $2,000 in new money within 30 days of account opening and maintain that balance for at least 60 days
      • Complete at least 5 qualifying transactions within 60 days of account opening. Qualifying transactions include:
        Dedham Savings Debit Card purchases, Bill Pay payments, ACH credits or debits, wires (credits or debits), and mobile or remote deposits

    The Fine Print

    • Bonus offer available for qualified business accounts: Basic Business Checking (Minimum deposit of $10 required to open account), Business Interest Checking (Minimum deposit of $10 required to open account), Community Checking, Cash Management Checking, or Municipal Checking accounts. $50 minimum deposit required to receive Debit Card.
    • New accounts only; one offer per business relationship.
    • To receive $300 bonus offer, open a qualified business checking account with funds not currently on deposit at Dedham Savings.
    • Within 30 days of account opening, deposit a minimum of $2,000 in new money to the account and maintain that balance for 60 days.
    • Within 60 days of account opening, complete 5 qualifying Dedham Savings transactions. Qualifying transactions include: debit card purchases, Bill Pay payments, ACH credits or debits, wires (credits or debits), mobile or remote deposits.
    • $300 bonus will be deposited to qualified business checking account within 90 days after qualifications are met and will be reported to the IRS for tax reporting purposes.
    • Offer expires December 31, 2024.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    There are no monthly fees on this account

    Early Account Termination Fee

    I wasn’t able to find an early account termination fee in the fee schedule but I’m unsure if this one is the most current one or not.

    Our Verdict

    Easier to meet the requirements than the last business bonus that was for $200. Might be worth doing if you live near a branch.

    Hat tip to ShawntheShawn

    Useful posts regarding bank bonuses:

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    William Charles

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  • [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL, In Branch] Citizens Bank $700 Checking & Savings Bonus – Doctor Of Credit

    [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL, In Branch] Citizens Bank $700 Checking & Savings Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $700
    • Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL
    • Direct deposit required: Yes, $500+
    • Additional requirements: See below
    • Hard/soft pull: Soft pull as long as you opt out of over draft protecton.
    • ChexSystems: Mixed data points
    • Credit card funding: None
    • Monthly fees: $9.99, avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date: 9/7/24

    The Offer

    Direct link to offer

    • Citizens Bank is offering a $700 bonus when you open a new checking & savings account. Bonus broken down as follows:
      • Open your first new personal checking account and set up and make at least one single direct deposit of $500 or more within 60 days of account opening
      • Open a savings account on the same day and earn a bonus of up to $600 (funds must be maintained until December 31, 2024):
        • $200 bonus: make a single or multiple deposits totaling $5,000
        • $400 bonus: make a single or multiple deposits totaling $10,000
        • $600 bonus: make a single or multiple deposits totaling $15,000

    The Fine Print

    • To Earn Bonus: To earn a $100 Checking bonus, open your first new personal checking account between 8/30/24 and 9/7/24 and have at least one single direct deposit of $500 or more post into your new checking account within 60 days of account opening. To earn a Savings bonus, open your first new personal savings account on the same date as the above new checking account (direct deposit not required) and have the required minimum total deposit (with money not currently on deposit with Citizens) post into your new savings account within 10 days of account opening and remains on deposit until date stated in the table below. Deposits between $5,000.00-$9,999.99 will receive a $200 bonus, or deposits between $10,000.00-$14,999.99 will receive a $400 bonus, or deposits equaling $15,000 or more will receive a $600 bonus.
    • To earn the total bonus up to $700, you must qualify for both the Checking and one of the Savings bonuses noted above. Qualifications: Primary signer on the new checking and savings accounts may not be or have been a signer on any Citizens personal checking or savings account within the previous six months.
    • Your new account(s) must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.
    • Direct deposit is recurring income electronically deposited into your Citizens checking account and may include salary, pension, and other regular income. Certain forms of electronically deposited funds may not be considered eligible direct deposits, including those originating from peer-to-peer money transfer applications such as Zelle®, CashApp®, Venmo® or PayPal®. Eligibility: Customer will only be paid a one-time bonus for this program. Only one checking account and one savings account are eligible for a bonus.
    • Offers may be withdrawn without notice and cannot be combined with any other checking offer.
    • Offer eligibility is determined at Citizens’ sole discretion.
    • Payout: Bonus will be deposited to the new checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”. If your new checking account is closed prior to payout date stated in the table below, then your new savings account will also no longer be eligible for this offer.
    • Bonus will be reported to the IRS for income tax purposes.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Need to sign up for online statements otherwise there is a $3 fee.

    Citizens Bank One Deposit Checking Account $9.99 Monthly Fee

    The One Deposit checking account comes with a $9.99 monthly fee. Fee is waived by making one deposit each statement period. (According to this comment they really do count any deposit – even a transfer from another Citizens Bank account will trigger this.)

    Early Account Termination Fee

    As far as we know there is no early account termination fee.

    Our Verdict

    Normally there is a $400 checking bonus, so this is an extra $300 if you max out the bonus. Basically need to tie the funds up for 3 months, if you put $15,000 into an account for 3 months that earned 5% you’d earn $187.5 so this bonus is worth doing if you can spare the $15,000 for that long. The smaller bonuses aren’t worth doing as you are better off sticking to the standard $400 checking bonus that is frequently available. We will add this to our list of the best bank account bonuses.

    Hat tip to reader Alex

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    William Charles

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  • [MA] Pittsfield Coop Bank $750 Checking Bonus – Doctor Of Credit

    [MA] Pittsfield Coop Bank $750 Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount:
    • Availability: MA, Pittsfield/Hinsdale area
    • Direct deposit required: Yes, $500+ per month for six months
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: $15, avoidable
    • Early account termination fee: Unknown
    • Household limit: None
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Pittsfield Coop Bank is offering a bonus of $750 when you open a new checking account and complete the following requirements:
      • $750 bonus
        • Open an interest checking account with a $500 minimum
        • Set up direct deposits, a minimum of $500 each month for six months is required
        • Sign up for a Mastercard debit card and uChoose rewards
        • Make 25 debit card transactions in any combination of POS Signature (credit) or POS Pinned (debit) transactions during the cycle period
      • $500 bonus is the same but only requires 15 debit card transactions

    The Fine Print

    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has a $15 monthly fee. This is waived with any of the following:

    • $2,500 in all savings, checking, and money market accounts combined
    • 15 debit card transactions and electronic deposits of $500 or more

    Early Account Termination Fee

    I wasn’t able to find a fee schedule so unsure if there is any EATF.

    Our Verdict

    Doesn’t work out of state. My reading is that the debit card transaction requirement is each statement cycle but others might disagree. If anybody signs up please share if it’s a hard or soft pull.

    Hat tip to reader Gorb

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    William Charles

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  • [MA & NH only] Stoneham Bank $300 Checking Bonus – Doctor Of Credit

    [MA & NH only] Stoneham Bank $300 Checking Bonus – Doctor Of Credit

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    Update 4/27/24: New link added for $300 bonus. Says it’s for billerica branch but can be opened online.

    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: MA & NH
    • Direct deposit required: Yes, $1,000+ per month for three months
    • Additional requirements: Enroll in online banking
    • Hard/soft pull: Soft
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: $10, avoidable
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Stoneham Bank is offering a bonus of $250 when you open a new Optimum Plus or Optimum One checking account and complete the following months within each of the first full three calendar months:
      • Receive a monthly direct deposit(s) totaling $500 or more
      • Enroll in Online Banking

    The Fine Print

    • Earn a $250 bonus when you open a new Optimum Plus or Optimum One Checking account with a $10 minimum opening deposit balance and complete the following requirements within each of the first full three calendar months following the date the new account is funded: (1) Receive a monthly direct deposit(s) totaling $1,000 or more and; (2) Enroll in Online Banking.
    • For example, a qualifying account type opened and funded during the month of September must complete the requirements in the months October, November and December in order to qualify for the bonus.
    • Examples of qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits from your employer or the government.
    • You must not currently have a StonehamBank personal checking account or have had one in the last 24 months.
    • A $250 bonus will be deposited into your new account within 30 days of completing requirements if qualification conditions are met, and the account remains in good standing.
    • The primary account holder is solely responsible for any federal, state and local taxes, and must provide StonehamBank with a valid social security number or taxpayer identification number before the bonus will be provided.
    • A form 1099-MISC will be issued to the primary account holder. This offer may be withdrawn at any time.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Optium One is the easiest of the two accounts to keep fee free. It has a $10 monthly fee, this is waived if you do any of the following: Maintain a monthly direct deposit of $500 or; Maintain an average daily balance of $1500 or; Use your debit card 5 times per month for point of sale transactions.

    Early Account Termination Fee

    I wasn’t able to find any early account termination fee though in their fee schedule.

    Our Verdict

    Previously we’ve seen $200 & $250 bonuses. This is a good bonus and worth doing if you live in an eligible area. We will add this to our list of the best checking bonuses.

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    William Charles

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  • [MA only] Middlesex Savings Bank $300 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [MA only] Middlesex Savings Bank $300 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

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    Update 4/21/24: Deal is back, now $200 instead of $300. Good through June 30, 2024. This requires a  freedom platinum checking, which requires 50k in asssets to waive the monthly fee. Hat tip to
    Bockrr

    Update 2/11/24: Deal is back and valid until 3/31/2024. Hat tip to reader Peek

    Update 12/28/22: Extended until 12/31/23.

    Update 4/2/22: Deal is back and valid until 12/31/2022.

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: Must reside in a town with a Middlesex Savings Bank office or in a town contiguous to a town with a Middlesex savings Bank Office (all branches are located in Massachusetts)
    • Direct deposit required: No
    • Additional requirements: Use promo code & complete 8 debit cards
    • Hard/soft pull: Soft
    • ChexSystems: Unknown
    • Credit card funding: Unknown
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None listed
    • Expiration date: December 31, 2021

    The Offer

    Direct link to offer

    • Middlesex Savings Bank is offering a bonus of $200 when you open a new freedom checking account and complete the following requirements:
      • Use promo code FP300
      • Complete at least 8 debit card transactions within 60 days of account opening

    The Fine Print

    • Middlesex Savings Bank will pay a $200 incentive to a customer for opening a new Freedom Checking account between 7/1/2021 and 12/31/2021. To be eligible, the individual must not have held a personal checking account at Middlesex Savings Bank within the 90 days prior to opening the new checking account regardless of whether an account was previously held individually or joint with others.
    • Mention or enter offer and promo code listed at time of account opening. Promo code: Cash200.
    • To qualify, the debit card(s) associated with the account must be used at least eight (8) times within the first sixty (60) days of account opening.
    • Transactions must post and clear within the 60-day timeframe to be counted.
    • Following verification of debit card usage for qualifying accounts, a $200 check will be mailed to the primary accountholder to the address provided at account opening within 90 days of account opening.
    • Void where prohibited.
    • All accounts are subject to standard account opening processes and standards, and such standards must be met for offer to be paid.
    • Offer expires 12/31/2021, however, Middlesex Savings Bank reserves the right to revoke this offer at any time. Limit one offer per checking account.
    • Limit one offer per person.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Freedom Blue has no monthly fees to worry about.

    Early Account Termination Fee

    I wasn’t able to find any mention of this fee in the fee schedule.

    Our Verdict

    Seems like a great bonus. Much better than the $100 checking bonus as it’s an extra $100 plus no direct deposit required. Definitely worth doing as there is no monthly fee to worry about either. Adding to our best bank account bonuses.

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    William Charles

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  • [NH, FL, MA, RI, CT, DE, NY, NJ, or PA, In Branch] Santander $500 Business Checking Bonus – Doctor Of Credit

    [NH, FL, MA, RI, CT, DE, NY, NJ, or PA, In Branch] Santander $500 Business Checking Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $500
    • Availability: NH, FL, MA, RI, CT, DE, NY, NJ, or PA, In Branch
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes
    • Credit card funding: Up to $500 (not sure if possible in branch and if it is, likely to be a cash advance)
    • Monthly fees: $15, avoidable
    • Early account termination fee: $25, 90 days
    • Household limit: None
    • Expiration date: 7/30/24.

    The Offer

    Direct link to offer

    • Santander Bank is offering a bonus of $500 when you open a new checking account and complete the following requirements:
      • Use promo code BUS500Q124SEA
      • Maintain an average daily balance of $2,500

    The Fine Print

    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Business checking has a $15 monthly fee.

    • Maintain $5,000 average daily balance in the checking account OR
    • Maintain $10,000 in combined business deposit account balances with same ownership5 OR
    • Have 3 or more purchases using a Santander® Business Debit Mastercard® post into your account OR
    • Receive one or more Santander Merchant Services payments in your account3 OR
    • Incur $50 or more in cash management service fees4.

    Early Account Termination Fee

    $25 if closed within 90 days

    Our Verdict

    Better than the previous $550 bonus as it’s easier to trigger the bonus. Downside to this is that it needs to be opened in branch. Still very much worth doing if you have a business and live in an eligible state so we will add this to our list of the best checking bonuses.

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    William Charles

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  • [MA & CT only] PeoplesBank (Bankatpeoples) $300 Checking Bonus – Doctor Of Credit

    [MA & CT only] PeoplesBank (Bankatpeoples) $300 Checking Bonus – Doctor Of Credit

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    Update 3/30/24: Deal is back and valid until 5/5/24. Requires a direct deposit now so not worth considering. Hat tip to reader ShawntheShawn

    Update 11/4/23: Good through 11/8/23.

    Update 8/7/23: Deal is back and valid until 9/13/2023.

    Update 10/8/22: Deal is back and valid until 10/21/2022. Has also been increased to $350 from $250.

    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: Offer available only to residents of Hampden/Hampshire/Franklin counties in Massachusetts and Hartford county in Connecticut
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: $500 per application
    • Monthly fees: None
    • Early account termination fee: 90 days, $15
    • Household limit: One
    • Expiration date: September 30th, 2020 10/21/2022

    The Offer

    Direct link to offer

    • PeoplesBank is offering a checking bonus of $300 when you open a new PeoplesBank checking account using promo code Simple300 and complete the following requirements:
      • Have a minimum of $1,500 in direct deposits within 60 days of the account open dat
    • Get an additional $150 with a $10,000 minimum daily balance or $300 with a $25,000 minimum daily balance (must remain for 90 days).

     

     

    The Fine Print

    • Customers who have received promotional payouts previously are not eligible. Cannot be combined with any other offer. Offer available in Hampden/Hampshire/Franklin counties of Massachusetts and Hartford/Tolland counties in Connecticut.
    • Minimum opening deposit of $10 required. The Free Checking account must be opened online at bankatpeoples.com/checking250 with the promotion code of Get250 by 9/30/2020.
    • To qualify for the offer you must perform 30 point of sale (POS) debit card transactions and have a minimum of $2,000 in aggregate of mobile deposits and/or direct deposits to the new account within 60 days from the account open date.
    • Although not all debit card POS transactions appear in your account immediately or may appear as ‘pending’ due to merchant processing times, these transactions will count toward the total POS debit card transactions.
    • Qualifying direct deposits are electronic deposits (such as salary, pension, Government Benefits or other monthly ACH deposits) made into your PeoplesBank Free checking account from third parties.
    • If you meet the criteria you will receive $250 in your account within four (4) weeks from meeting the criteria.
    • Customers who have had an open PeoplesBank checking account within 12 months of new account opening are not eligible for the offer.
    • PeoplesBank associates are not eligible.
    • Personal accounts only.
    • Limit of one promotional account per household.
    • Cannot be combined with any other offer.
    • Offer available only to residents of Hampden/Hampshire/Franklin counties in Massachusetts and Hartford county in Connecticut. Offer subject to change without notice.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    The free checking account has no monthly fees to worry about

    Early Account Termination Fee

    According to comments on previous bonuses there is an  early account termination fee of $15 if the account is closed within 90 days.

    Our Verdict

    Previous bonus was $400. Might be better to wait for that offer to return, but before that bonus the best bonus was $300 with a direct deposit. We will add this to our best bank bonus page even though we’ve seen that bigger bonus in the past.

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    William Charles

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  • [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL] Citizens Bank $300 Savings Bonus – Doctor Of Credit

    [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL] Citizens Bank $300 Savings Bonus – Doctor Of Credit

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    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL
    • Deposit required: $15,000
    • APY: 0.07% APY
    • Hard/soft pull: Soft pull as long as you opt out of over draft protecton.
    • ChexSystems: Mixed data points
    • Credit card funding: None
    • Monthly fees: Avoidable
    • Early account termination fee: None
    • Household limit: None
    • Expiration date: 4/16/24

    The Offer

    Direct link to offer

    • Citizens Bank is offering a $300 bonus when you open a new savings account and complete the following requirements:
      • Deposit a minimum of $15,000 not already on deposit with Citizens within 10 days of account opening and maintain balance until:
        • June 30, 2024 for accounts opened in March
        • July 31, 2024 for accounts open in April
      • You must also have an existing Citizens Quest Checking account or open a new Citizens Quest Checking account between 3/26/24 and 4/16/24

    The Fine Print

    • To earn a $300 bonus, open your first new savings account between 3/26/24 and 4/16/24 and have a minimum of $15,000 not already on deposit with Citizens post within 10 days of account opening and remains on deposit until date stated in the table below.
    • You must also have an existing Citizens Quest Checking account or open a new Citizens Quest Checking account between 3/26/24 and 4/16/24.
    • Qualifications: Primary signer on the new savings account may not be or have been a signer on any Citizens personal savings account within the previous six months.
    • Your new savings account and your new or existing checking account must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.
    • Eligibility: Customer must open their first new savings account via Citizens’ online account opening system accessed by clicking on one of the links on this page.
    • Customer should print this screen for their records. Customer will only be paid a one-time bonus for this program. Only one savings account is eligible for a bonus. Offers may be withdrawn without notice and cannot be combined with any other savings offer. Offer eligibility is determined at Citizens’ sole discretion. Payout: Bonus will be deposited to the checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”. If your checking account is closed prior to payout date stated in the table below, then your new savings account will also no longer be eligible for this offer. Bonus will be reported to the IRS for income tax purposes.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fee as long as you have a Quest checking account.

    Early Account Termination Fee

    As far as we know there is no early account termination fee.

    Our Verdict

    You can get a $400 checking bonus if you don’t already have a checking account with Citizens Bank. Just keep in mind you need a Quest checking account and that’s more difficult to keep fee free. At minimum you’d need the funds in the account for 3 months, this works out to be an annualized return of 8%. Slightly better than high yield savings accounts but probably not worth it for most people due to the harder to keep fee free account.

    Hat ti to Phil P

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    William Charles

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  • [MA] Middlesex Federal $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [MA] Middlesex Federal $150 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

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    Update 2/27/24: Can now be opened online as well.

    Offer at a glance

    • Maximum bonus amount: $150
    • Availability: MA
    • Direct deposit required: None 
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Yes, not sensitive
    • Credit card funding: Unknown 
    • Monthly fees: None
    • Early account termination fee: $25, 90 days
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Middlesex Federal is offering a $150 checking bonus when you open a new Simply Free Checking account:
      • Receive an MFS instant issue debit card and we’ll pay you $25 to download our mobile app and another $25 to add your MFS debit card to your digital wallet
      • Make fifteen Point of Sale (non-ATM) transactions using your MFS debit card within the second through fourth statement cycle from the date of account opening and we’ll credit your account $100 on the last day of the fourth statement cycle

    The Fine Print

    • Open a Simply Free Checking (offer does not apply to Simply eFree Checking accounts opened online,) at any Middlesex Federal (MFS) branch, receive an MFS instant issue debit card and we’ll pay you $25 to download our mobile app and another $25 to add your MFS debit card to your digital wallet.
    • Payment will be in the form of an MFS check which must be deposited upon receipt into a new MFS Simply Free Checking using MFS mobile check deposit.
    • Middlesex Federal Online Banking registration and mobile app download are required.
    • Make fifteen Point of Sale (non-ATM) transactions using your MFS debit card within the second through fourth statement cycle from the date of account opening and we’ll credit your account $100 on the last day of the fourth statement cycle.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees

    Early Account Termination Fee

    There is a $25 fee if the account is closed within 90 days. There is also a $2.50 month inactivity fee if the account has been inactive for two years and has a balance under $100.

    Our Verdict

    It’s nice that there is no direct deposit required and it’s a soft pull. We will add this to our list of the best checking bonuses.

    Hat tip to Peek

    Useful posts regarding bank bonuses:

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    William Charles

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  • [MA only] East Cambridge Savings Bank $475 Personal/Business Checking Bonus – Doctor Of Credit

    [MA only] East Cambridge Savings Bank $475 Personal/Business Checking Bonus – Doctor Of Credit

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    Update 10/24/23: Added the personal and business checking bonus.

    Offer at a glance

    • Maximum bonus amount: $475
    • Availability: MA
    • Direct deposit required: Yes
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: None
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None
    • Expiration date: 12/31/2023

    The Offer

    Direct link to offer (personal) | (business)

    • East Cambridge Savings Bank is offering a $475 personal checking bonus. Bonus is broken down as follows:
      • $300 when you
        • open a new East Cambridge Checking account at any of our 11 banking center locations or online
        • have direct deposits totaling $1,000 or more in each of the following 3 statement cycles
        • maintain a monthly average balance of $1,000 or more in each of the following 3 statement cycles
        • sign up for eStatements.
      • $450 when you
        • open a new East Cambridge Checking account at any of our 11 banking center locations or online
        • have direct deposits totaling $5,000 or more in each of the following 3 statement cycles
        • maintain a monthly average balance of $2,500 or more in each of the following 3 statement cycles
        • sign up for eStatements
      • You can also earn up to $25. $1 per debit transaction of $25+
    • East Cambridge Savings Bank is offering a $475 business checking bonus
      • open a new East Cambridge Business Checking account at any of our 11 banking center locations;
      • have at least 5 deposits with a minimum transaction amount of $500.00 or more in each of the following 3 statement cycles (deposits can be external, mobile, or in person)
      • maintain an a monthly average balance of $2,000.00 or more in each of the following 3 statement cycles
      • signup for eStatements. The Bonus will be deposited to your account during the 4th statement cycle.

    The Fine Print

    • Offer valid from 07/05/2023 through 12/31/2023.
    • You will not qualify for the Bonus if you are an existing East Cambridge Savings Bank Tax Reported Owner on any existing checking account or had a checking account in the past 60 days.
    • To earn the $300 New Consumer Checking Bonus, you must: 1) open a new East Cambridge Checking account at any of our 11 banking center locations or online; 2) have direct deposits totaling $1,000 or more in each of the following 3 statement cycles; 3) maintain a monthly average balance of $1,000 or more in each of the following 3 statement cycles; and 4) sign up for eStatements. The Bonus will be deposited to your account during the 4th statement cycle. To earn the $450 New Consumer Checking Bonus, you must: 1) open a new East Cambridge Checking account at any of our 11 banking center locations or online; 2) have direct deposits totaling $5,000 or more in each of the following 3 statement cycles; 3) maintain a monthly average balance of $2,500 or more in each of the following 3 statement cycles; and 4) sign up for eStatements. The Bonus will be deposited to your account during the 4th statement cycle. Additionally, you may earn $1.00 for each Point-of-Sale withdrawal with a transaction amount of $25.00 or more during each of the following 3 statement cycles with a maximum payout of $25.00. This additional Bonus will be deposited to your account during the 4th statement cycle. All Bonus Payouts are considered tax reportable and will be included on your 2023 1099 Tax Form.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    This account has no monthly fees to worry about.

    Early Account Termination Fee

    Wasn’t able to find a fee schedule so unsure if there is any EATF.

    Our Verdict

    Only ever seen a business checking bonus before. Kind of annoying that the requirements need to be met for three months but should still be worth doing for some.

    Useful posts regarding bank bonuses:

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    William Charles

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