[CT, RI only] Centreville Bank $200 Checking Bonus

Offer at a glance

Maximum bonus amount: $200
Availability: CT, RI only
Direct deposit required: Yes, no minimum mentioned
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: One
Expiration date: None listed

The Offer

Direct link to offer

Centreville Bank is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Use promo code PUTNAM26
- You must establish a recurring direct deposit into a new Centreville Bank personal checking account (“the Account”) within 60 days of account opening.
- You must maintain a daily balance in the Account greater than or equal to the minimum deposit required to open the Account for a period of 90 days after Account opening
Can also get an additional $50 bonus via requesting special Rhode Island Football Club debit card

The Fine Print

This is a limited time promotional offer (“Offer”) and may be withdrawn at any time. Offer valid only with promotional code: PUTNAM26. One Offer per household; cannot be combined with any other offer. Offer valid for new customers only. “New customer” is defined as an individual that has not had funds on deposit with Centreville Bank within the last 60 days.
To Earn Bonus: To earn the $200 bonus (“Bonus”), you must meet both criteria below (“Qualifying Activities”):
- You must establish a recurring direct deposit into a new Centreville Bank personal checking account (“the Account”) within 60 days of account opening. Recurring direct deposits are regular periodic electronic payments that occur as an Automated Clearing House (ACH) or Real-Time Payment network credit from your employer or an outside entity for example: payroll, pension, government payments (such as Social Security); recurring direct deposits do not include one-time deposits such as Person to Person deposits, PayPal or Venmo deposits, wire transfers, or funds transfers from another account.
- You must maintain a daily balance in the Account greater than or equal to the minimum deposit required to open the Account for a period of 90 days after Account opening. The minimum deposit required to open an EmPower Checking Account is $10; the minimum deposit required to open a Personal Checking Account, or a Personal Plus Checking Account is $25; the minimum deposit required to open a Personal Premium Checking Account is $100. The minimum daily balance required to earn interest on a Personal Premium Checking Account is $100. Fees may reduce earnings.
Bonus Payout: The Bonus will be credited to the Account, if applicable, 90 days after the Qualifying Activities have been met. The Bonus payment will appear on your periodic statement as “Bonus Payment”. The Bonus payment will be forfeited if the Account is terminated and/or direct deposit ceases before the Bonus Payout. The Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them