Posted by William Charles on October 10, 2017
Bank Account Bonuses

Published on October 10th, 2017 | by William Charles

106

[Expired] [DE, NJ & PA only] BMT (Bryn Mawr Trust) $200 Personal Checking Bonus – No Direct Deposit Required

This offer has expired, click here for a full list of current checking bonuses.

Reposting this because it’s also available in NJ. Possibly available until November 3rd.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Must be a resident of Pennsylvania, New Jersey or Delaware
  • Direct deposit required: Optional
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: One
  • Expiration date: 10/31/17

The Offer

Direct link to offer

  • Open a new BMT checking account in branch and receive a bonus of $200 when you complete the ONE of the following within 90 days of account opening
    • make a minimum of 15 debit card purchases
    • Sign up for online banking and complete six (6) bill payment transactions
    • Receive 2 (two) qualifying direct deposits

bmt $200 bonus

 

The Fine Print

  • Offer applies to new customers opening any consumer checking account at BMT.
  • Must be a resident of Pennsylvania, New Jersey or Delaware
  • Limit one promotional offer per household.
  • Initial Opening deposit of $50 or more. Customers must do one of the following  within 90 days of account opening to receive the bank deposit into the account: either (a) make a minimum of 15 debit card purchases; OR (b) sign up for online banking and complete six (6) bill payment transactions; OR (c) receive 2 (two) qualifying direct deposits.
  • A qualifying Direct Deposit is defined as a recurring deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the checking account.
  • A qualifying debit card purchase is defined as any BMT debit card purchase made at point of sale using your signature or PIN, or a purchase made electronically or online using your BMT debit card number, including recurring payments.
  • The checking account must remain open in order for you to receive the bank deposit, which will be credited to it between 90 to 120 days of account opening, and after all conditions have been met.
  • New customer is defined as not having a BMT deposit account in the past 12 months.
  • Money Market and Savings accounts are not eligible for bank deposit.
  • Current checking account clients or employees of BMT and their family household members, its parents and subsidiaries and affiliated companies are not eligible for bank deposit.  Offer can 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

They offer a free checking account with no monthly fee to worry about as long as you sign up for eStatements. There is no early account termination fee, but the account does need to be open at the time of the bonus posting.

Our Verdict

Very nice bonus with no direct deposit required, it’s also significantly better than it once was as you only need to meet the bonus requirements once rather than for multiple months. This is definitely one of the better checking account bonuses currently available. It also looks like it’s no longer necessary to open in branch making the bonus even better.

Big thanks to reader, Nick who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:



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Curmudgeon
Curmudgeon

Same deal, updated link: https://www.bmtc.com/200-checking/

NBG
NBG

No Hard pull.

NBG
NBG

Just opened the account in branch. They have this advertised in bank also. No hard pull. Min $50 to open. All checks deposited within first month have a 7 day hold – this is per the banker. Not sure if it is true.

NBG
NBG

Can you update the post to say there is no monthly fee for this offer?. The free checking account only has a requirement to sign up online and have estatements. Basically this looks like a easy free money in 60-90 days.

More details on footer of this link page – https://www.bmtc.com/200-checking/

NBG
NBG

One more- even though it says to schedule a call, if one stops by the bank – there is lot of flyers on the desk.

Frito Pendejo
Frito Pendejo

Anyone know if they are CHEX sensitive? I finally started getting denials on new accounts I assume because I’ve opened so many lately. I don’t see BMT on the DoC Chex-sensitivity page https://www.doctorofcredit.com/banks-credit-unions-chexsystems-inquiry-sensitive/

NBG
NBG

I opened 10+ accounts in last 2 months. BMT in branch doesn’t seemed to be Chex sensitive. They do check something ,but mostly for any -ve balance on account. This is per the person at the bank.

Frito Pendejo
Frito Pendejo

Nice! I just made an appointment. It seems I am right near some of their branches.

Frito Pendejo
Frito Pendejo

I was able to open account easily. They asked me to stop at branch to sign signature card and show ID

Deb
Deb

Did you ask about cc funding? Thanks in advance.

NBG
NBG

I did (both in person and over phone before going in) and they said it has to be cash or check. Not sure about Money Order (just call them and ask- they are friendly). If that is counted, then you could do the MS way.

Deb
Deb

Thanks for the info!

MarcoPolo
MarcoPolo

Do we have DPs on DD?

BHanna
BHanna

May be a dumb question, but why is this listed as DE & PA only?? I put in a VA zip, and it said “A representative will be in touch shortly…”

– Fine print does not specify state limitation, and
– No zip code lockout on the “schedule a call form”
– Has anyone tried from another state and failed?

Danielle
Danielle

I got a call back and was told the bonus applies for opening online as well. The CSR said the signature card and paperwork will be mailed for me to fill out, and that I qualify as a Maryland resident.

Danielle
Danielle

Well…got a message that I’m outside their trade area when trying to open online. Called back and was told I can apply in-branch and still get the bonus.

MarcoPolo
MarcoPolo

Didn’t know that you can apply online.
Is there a link?

Danielle
Danielle

I followed the link in this post, then personal banking, then checking if your zip code is allowed.

MarcoPolo
MarcoPolo

Thanks @Danielle
Since there is no mention of the bonus on the online application and I don’t want to take a chance I’ll apply in branch.

MarcoPolo
MarcoPolo

I walked into my local BMT and there were no promotional flyers on the desk or anywhere.
Had to ask for the promotion and was able to open the free checking without any problems.
No appointment was needed and I was given the account number and the T&C of the promotion.
Be aware that if you do not opt for online banking AND eStatements then your account will be converted to another type of account which has a minimum balance requirement of $100.
Also Debit card transaction can be signature based or PIN based to qualify for the bonus.

Harv
Harv

At first glance, this bank appears to be mostly in the Philly area, but I looked over their list of branches and found one only a half hours drive from me. I stopped by and opened a free checking account and then went home and signed up for online banking and e-statements. Will receive $200 bonus in 90 to 120 days after making 15 debit card transactions in 90 days.

Danielle
Danielle

I asked the rep and they don’t pull Chex or EWS, but something called Overlook? Over-something. Should have written it down.

Noah
Noah

Opened an account in about 20 minutes with a banker. He mentioned that he personally checks every Friday to see if any accounts he’s opened have completed the bonus requirements. If they have he said he manually adds the $200.

NBG
NBG

Just a FYI – i did 15 amazon reloads of ~50c across 3 days. I was at the bank for other reason and the person who opened the account said to do atleast $5 debit transactions. She said they might not count the under $1 ones. It was not a issue for me as i have DD setup anyway.

Wendy Wang
Wendy Wang

I was told by the banker who opened my account that this promotion ends on April 30th, 2017

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