[Expired][MA, CT, RI] bankESB (East Hampton Savings Bank) $150 Checking Bonus + $50 Referral – No Direct Deposit Required

This offer has expired, but there is now a much better offer for $200.

Offer at a glance

• Maximum bonus amount: $150 + $50 for referral
• Availability: MA, CT, RI
• Direct deposit required: Optional, see below
• Additional requirements: eStatements & 5 bill payments
• Hard/soft pull: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Need to keep account open for 365 days to get full bonus, $10 early account termination fee if closed within 6 months
• Expiration date: None listed

The Offer

Direct link to offer

• Receive a sign up bonus of up to $200 when you open a new checking account with bankESB (East Hampton Savings Bank) broken down as follows:
  • $50 opening account bonus:
    • Open with internet banking (must be activated within 60 days) and a debit card OR
    • Open with with direct deposit (minimum of $25 and bonus received after it posts) and a debit card
  • $50 when you enable eStatements and complete five online bill payments (must post to the account within 60 days)
  • $50 when you keep the account open for at least one year
  • $50 referral bonus will be credited to the account after the account opener has referred someone who opens a Checking Account and has provided the referral’s name at account opening and opens the account with one of the $50 opening account bonus requirements (not sure if the person being referred is eligible for this $150/$200 bonus as well or not)

The Fine Print

• Promotional offer is for new bankESB personal checking account customers only
• $50 opening bonus + eStatement/bill pay bonus will be paid into the account by the last day of the statement cycle following the 60th day the account has been opened
• $50 anniversary Bonus will be paid into the account by the last day of the statement cycle following the 365th day the account has been opened
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

The basic checking account doesn’t have any monthly fees, it makes sense to just keep this account open for at least a year so you get the $50 anniversary bonus as well. This should remove any worries about any early account termination fees as well.

Our Verdict

Another bonus I like, easy to keep the account fee free and no direct deposit required. A little bit annoying that you need to wait a full year for your last $50 bonus, not shouldn’t be a big deal given the no monthly fees. The downside is that we don’t know if it’s a hard or soft pull and if you can fund with a credit card. I didn’t add it to our best bonus list because of this, if you have any experience with this bonus then please let me know in the comments so I can update this post.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank

Hat tip to reader, John.