Offer at a glance
- Maximum bonus amount: $100
- Availability: MA only
- Direct deposit required: No
- Additional requirements: Direct deposit or debit card or eStatements
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: $25, waivable
- Early account termination fee: None
- Expiration date: None listed
The Offer
- Receive a sign up bonus of $100 when you open a new PlatinumBlue Checking account with Belmont savings bank with a minimum opening deposit of $250.
- Open a PlatinumBlue Checking account and apply for a debit card, enroll in online banking, or start direct deposit at account opening and receive $50
- The second $50 will be deposited 90 days after the completeion of a debit card application, enrollment in online banking or starting direct deposit
The Fine Print
- To obtain a $50 cash deposit and another in 90 days, you must open a PlatinumBlue Checking account and apply for a debit card, enroll in online banking, or start direct deposit at account opening. The second $50 will be deposited 90 days after the completeion of a debit card application, enrollment in online banking or starting direct deposit. Offer can be withdrawn at any time
- New customers only
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is no early account termination fee mentioned in their fee schedule.
$25 Monthly Fee
The monthly fee is waived if any of the following requirements are met:
- Direct deposit(s) within each statement cycle or
- $2500 average daily balance or
- 5 debit card POS (pinned or signature) transactions that post and settle during the statement cycle or
- 5 third party cleared checks per monthly statement cycle or
- five online bill payments during the monthly statement cycle
Our Verdict
Not a bad deal if it’s a soft pull to open, little bit of a hassle to keep the account fee free but nothing that’s too hard to manage and you can cancel the account after you get the bonus anyway. If you have any experience with this bonus, please share in the comments. In the mean time, have a look at the best checking promos currently available.
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this is back
Link?
Thanks
Got a link? Can’t seem to find it.
Hi DOc,
Do you have a screenshot of the offer? The link is dead and there is no mention on the Promotions page (unless there is some tiny fine print I can’t read)
https://www.belmontsavings.com/promotions/
Looks to be dead, updated post. Thanks!