Posted by William Charles on April 20, 2019
Bank Account Bonuses

Published on April 20th, 2019 | by William Charles

3

[CT, In Branch only] Putnam Bank $200 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: In branch only, all branches are in CT [Branch locations]
  • Direct deposit required: Yes, $100+
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown 
  • Monthly fees: None
  • Early account termination fee: None/unknown
  • Household limit: One
  • Expiration date: June 30th, 2019

The Offer

No direct link, flyers in branch

  • Putnam Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements within 60 days of account opening:
    • Have direct deposit established for an amount greater than $100 and receive a $100 bonus
    • Active online banking, eDocuments and 5 online bill payments and receive $50
    • Complete 10 debit card transactions and receive $50

The Fine Print

  • Existing customers are ineligible
  • Limit one per household
  • Offer restricted to the following checking accounts: success, rewards or class checking
  • Must have direct deposit established for an amount greater than $100 within 60 days of account opening
  • Active online banking, eDocuments and 5 online bill payments and receive $50
  • Complete 10 debit card transactions and receive $50
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The rewards and success accounts have no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a current fee schedule, but this old one doesn’t seem to have an early account termination fee.

Our Verdict

Need to know if it’s a hard or soft pull, should be possible to find out before signing up for an account in branch. If anybody goes for it, please share if it’s a hard or soft pull in the comments below.

Useful posts regarding bank bonuses:



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Paul D
Paul D

In branch only? Unfortunate! All locations are eastern CT, like 15 minutes from RI border. Almost an hour from New Haven or Hartford! Maybe I’ll have to plan a trip to New London next weekend…

steven chin
steven chin

You have to live local to be able to open the account…

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