Update 10/11/20: Not sure I can see an end date anymore.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â Must open at one of the branches in CT
- Direct deposit required:Â Yes, no minimum specified
- Additional requirements:Â eStatements and order a debit card
- Hard/soft pull:Â Soft
- ChexSystems: Yes, report of being sensitive
- Credit card funding:Â Up to $500. Can fund with American Express, Discover, Mastercard & Visa.
- Monthly fees:Â None
- Early account termination fee:Â Unknown, maybe 180 days bonus forfeit
- Household limit:Â None listed
- Expiration date: September 30th, 2020
The Offer
- Westfield Bank is offering a bonus of $300 when you open a new WB Free checking account and complete the following requirements:
- Use promo code $300CTConsumer
- Order a debit card and receive a $50 bonus
- Enroll in eStatements and receive a $50 bonus
- Sign up for direct deposit and receive $200 bonus
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
With other bonuses account has needed to be kept open for 180 days to avoid losing the bonus.
Our Verdict
There have been issues with ChexSystems sensitivity and some other issues with this bank in the past. Previous bonus was for $200, this is an extra $100 (all to the direct deposit portion). We will add this to our list of the best bank account bonuses.
Hat tip to Chase-ing UR points
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull 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
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
is this still valid as of 9/26?
To answer the business bank account bonus question, they do want your business to be registered with the state, or with your town/city if it’s a sole proprietorship. In other words, a little bit of hassle there unfortunately.
Yeah, I’m in the same boat then. Closed my account last Feb. Thanks for checking
Anybody try with out of state residency?
There’s also the $300 business checking offer I mentioned on the other page. It looks like there are NO REQUIREMENTS for the business bonus. I’m not sure how strict they are about opening business accounts as I’m not in CT. The business flyer can also be found using the same link in the post.
I will inquire about this as well during my call with them tomorrow.
Sorry, got slammed with work basically all day and didn’t have the time to shoot them a call. Tuesday I will definitely reach out
theres also a $300 business checking account that looks very easy to earn.
https://www.westfieldbank.com/images/uploads/WFB_000105_CT_BizBanking_Specials_8_5x11_WeHaOpen_HR_Web(1).pdf
might try and open both of these on the same day? theres 2 within 15 miles of me..
Anyone else feel like it’s a pretty scummy move making in-branch only bank account promos during a pandemic? What’s the point?
Edit- Nevermind, I see its to promote their new locations. This leaves me wondering though, is this churnable? I had a Westfield bank account last year and got their bonus back then, not sure if I can get it again. I will call them when they are open on Monday and confirm, will let everyone know
Appreciate it
yea i really can’t believe banks are wanting to have people in their locations. they must be desperate for people to stop inside and get roped into some crappy .01% savings account.