Posted by William Charles on July 21, 2018
Bank Account Bonuses

Published on July 21st, 2018 | by William Charles

32

[CT, MA, RI Only] Liberty Bank $100 Personal Checking Bonus & $100 Business Bonus & $150 Student Checking

Update 07/21/18: They have added a student checking bonus for $150. Hat tip to reader Brenden F

Reposting as this has been extended through 2018.

  • Maximum bonus amount: $100
  • Availability: Open to all residents in CT, MA residents in the following counties: Hampden, Hampshire & Worcester Counties, RI residents in Washington County
  • Direct deposit required: Yes, no minimum specified.
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • Credit card funding: Up to $500 per account
  • Monthly fees: $0-$5
  • Early account termination fee: None
  • Expiration date: December 31st, 2016 December 30th, 2017 December 31st, 2018

The Offer

Direct link to offer

  • Receive a sign up bonus of $100 when you open a new Liberty Bank checking account (personal or business) and complete the following requirements:
    • Personal: Open account online and receive a direct deposit (no minimum specified)
    • Business: Open account in branch
  • Receive a $150 bonus when you open a new My Pay℠Student Banking checking account and complete the following requirements:
    • Make 5 debit card transactions within 60 days of account opening

wallet candy

The Fine Print

  • Offer ends 12/31/18, subject to change, may be withdrawn any time and may be subject to 1099 reporting.
  • Health Savings Account, Estate or Trust accounts ineligible.
  • All account holders on the account must be new consumer checking customers.
  • You may not have had a checking account within the past 365 days.
  • Payroll, pension or government benefits direct deposit required within 90 days of account opening.
  • $100 will be credited to new checking account up to 60 days after first direct deposit transaction while account is open. (Personal)
  • You may not have had a checking account within the past 365 days.
  • $100 credited 30-45 days after open date

Avoiding Fees

All of the Liberty bank checking products are fee free apart from their interest checking product which has a $5 monthly fee if the monthly balance is less than $100. We weren’t able to find any mention of an early account termination fee.

Our Verdict

This is a pretty good bonus, especially the business account as it has no requirements. As long as you can change payroll easily then the personal bonus is pretty good as well as there is no worrying about keeping the account fee free. If anybody has any experience or datapoints with this bank, please share them in the comments below. We have added this to our best bank account bonuses.

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

Useful posts regarding bank bonuses:



32
Leave a Reply

avatar
 

  Subscribe  
newest oldest
Notify of

Opened checking +saving account with them in July, both fee free. Credit card funding: $500+$500,did a bunch of ACHs in July and $100 bonus posted in August

Thanks for the datapoint!

Would you mind sharing which credit card that you used to fund?

Really easy application and online banking is immediately available, which is nice. Opened a checking and savings, $500 each on my Fidelity Visa. Fidelity won’t let you lower the CA limit sooo hoping this posts as a transaction. Will report back.

DP:
Opened account 12/9
Used Serve, PayPal, and Vanguard Brokerage to meet direct deposit req, bc I wasn’t sure which would do it.
Bonus posted 1/26

Initial funding with BoA alaska failed :/
They agreed to allow check by mail

WORCHESTER COUNTY? You’re butchering that hard.

It’s “Worcester” county, and it’s pronounced “wuh – ster”.

Lol at the shitty pronunciations of Massachusetts counties.

Received bonus the other day for personal. 1 DD from my place of work, and acct was indeed fee free. Took about 6 months for bonus to post, however.

Employer DD 8/25
Bonus posted 8/29

Kudos for speed, Liberty

Data Point: Southwest Chase Plus card coded as a purchase.

Opened 2 checking accounts and 1 savings account with Liberty Bank. The $1,500 credit card funding with Chase IHG was immediately coded as purchase. Chase ACH does NOT meet DD requirement but Schwab ACH works. The bonus posted after around 1 month from DD. No hard inquiry on credit bureaus but not sure about Chex system.

How many bank accounts have you opened in the past like year or so?

DP: Cap1 Spark coded as purchase for CC funding.

How much did you fund it for? Doc says $500 is the limit but there’s been one DP saying they funded $1500 with IHG.

I believe that’s because he opened 3 accounts.

Used CIP for initial deposit, coded as purchase.

Did ACH from Schwab I will report back if I get the $100

I attempted to open this from a zip code in Chelsea, and it errored saying I was not in the correct zip code. Even though it IS in MA

I’m definitely gonna get the student account when I move to CT in August!

William Charles You might want to add the fact that you can’t combine the bonuses in the fine print section. On their site, for the normal checking accounts it says:

“5 Offer ends 12/31/2018, [may not be combined] with other promotional offers, is subject to change, may be withdrawn at any time and may be subject to 1099 reporting. Health Savings Account, Estate, Trust or High Rate Checking accounts ineligible. All account holders on the account must be new consumer checking customers. You may not have had a checking account within the past 365 days. Payroll, pension or government benefits direct deposit required within 90 days of account opening. $100 will be credited to new checking account up to 60 days after first direct deposit transaction while account is open.”

And for student account:
“6 Earn a one-time $150 incentive if 5 debit card transactions are completed within 60 days of account opening (ATM transactions do not qualify). $150 incentive will be credited to My PaySM Checking Account up to 60 days after 5 debit card transactions are completed. All account holders on the account must be new checking account customers and may not have had a checking account within the past 365 days. Minors required to have co-account holders are exempt. Subject to 1099 reporting. Offer ends 12/31/2018, [may not be combined] with other promotional offers, is subject to change and may be withdrawn at any time.”

That being said, I’m gonna still try to open the other checking accounts to meet MSR on my Chase cards and then hit the checking accounts with ACH’s to see if the bonuses get triggered. Will report back if it works lol

Also, they have a savings account with 2% APY for up to $250k – it doesn’t list any requirements so may be worth looking into!

“Special: 2.00% APY* Savvy Savings
2.00% APY on balances up to $250,000.

Rate guaranteed through May 31, 2019.

Your funds are always at hand. Plus a guaranteed rate. Talk about a win-win.

Limited time offer. Open today at any Liberty Bank Branch.

FIND A LOCATION”

Proctologist Of Credit
Proctologist Of Credit

If I work in CT, can I list my workplace address as my address to sign up for this? or is that a bad idea?

$150 posted 8/30 after 5 amazon transactions and 5 square cash transactions, unsure which triggered it,

When did you open the account? I just did amazon and nothing posted yet.

Opened 8/3
Did amazon tx on 8/15

Opened the account on 7/24. Be patient I guess.

Back to Top ↑