[CT, Mortgage Customers] Thomaston Savings Bank $500 Checking Bonus

Update: Only available to their consumer mortgage customers

Offer at a glance

• Maximum bonus amount: $500
• Availability: CT
• Direct deposit required: Yes, $1,000+
• Additional requirements: eStatements
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Thomaston Savings Bank is offering a $500 when you open a new Thomaston Savings Bank personal checking account and complete the following requirements:
  • enroll in eStatements
  • set up $1,000 in direct deposits

The Fine Print

• Offer is only available to new Thomaston Savings Bank consumer mortgage customers that do not have an existing checking account with Thomaston Savings Bank
• To receive the $500 bonus: Establish a new noninterest-bearing checking account 90 days prior to or within the 90 days after your mortgage closes
• Enroll in eStatements and have a total of $1,000 in external direct deposits post to your new checking account within 90 days of account opening
• Once all requirements have been met, we will deposit $500 in your new checking account within 10 business days after all criteria was satisfied. Limit one offer per customeriiii. Bonus is considered interest and is subject to reporting on IRS Form 1099-INT (or if applicable, 1042-S). Employees and Corporators of Thomaston Savings Bank are not eligible for this bonus. Offer effective 12/21/2020 and may be withdrawn at any time.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Seems like a good offer if you live in an eligible area, we just need to know if it’s a hard or soft pull to open.

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