[Expired] [CT] Bankwell $200 Checking Bonus, Available Online

Deal has expired and is no longer being offered. View the best current checking bonuses by clicking here.

Originally posted 07/23/17. Update 08/05/18: Offer is back, this time for $200 and this time available online. (Thanks to reader TT)

Offer at a glance

Maximum bonus amount: ~~$100~~ $200
Availability: ~~In branch only, all branches are in CT~~ [Branch locator] “Must reside in Fairfield or New Haven counties in Connecticut”
Direct deposit required: Yes, no minimum specified
Additional requirements: Five debit card transactions
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Yes, Visa/MC/Discover(unknown limit)
Monthly fees: One
Early account termination fee: Unknown
Household limit: One
Expiration date: ~~August 31st, 2017~~ Unknown

Contents

The Offer

Open a new free smart checking account with BankWell and get a bonus of $100 when you complete the following requirements within 90 days of account opening:
- Set up a recurring direct deposit
- Complete 5 debit card transactions (no longer required?)

Smart Checking is free of monthly maintenance charges
To qualify for $100 cash bonus, customers must open a Smart Checking account before 8/31/17 (which is subject to approval), set up a recurring direct deposit and perform 5 debit card transactions that post and clear within a monthly statement cycle. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government.
You have 90 days to complete the requirements and earn the bonus.
Once you have completed the checking requirements, we’ll deposit the $100 bonus into your new account within 120 days of account opening.
A minimum of $100 is required to open the Smart Checking account. Offer effective 6/21/17 and may be withdrawn at any time.
Offer good for personal accounts only and limited to customers who do not currently have a Bankwell checking account.
Limit one cash bonus per address. Bonuses are considered interest and will be reported on IRS Form 1099-INT.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

I wasn’t able to find the fee schedule so I’m unsure if there is any early account termination fee or not. There is no monthly fee to worry about.

They offered a $150 checking bonus in the past with no direct deposit requirement, but it was difficult to keep the account fee free. This is a smaller bonus but easier to keep the account fee free. If anybody signs up, please share your datapoints in the comments below. We won’t add it to the best checking bonuses until we know more.

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