Offer at a glance
- Maximum bonus amount: $500
- Availability: West Hartford locations
- Direct deposit required: Yes, no minimum specified
- Additional requirements: eStatements and order a debit card
- Hard/soft pull: Soft
- ChexSystems: Yes, report of being sensitive
- Credit card funding: Up to $500. Can fund with American Express, Discover, Mastercard & Visa.
- Monthly fees: None
- Early account termination fee: Unknown, maybe 180 days bonus forfeit
- Household limit: None listed
- Expiration date: None listed
The Offer
- Westfield Bank is offering a $500 bonus when you open a new checking account at the West Hartford location and complete the following requirements:
- Use promo code $500BL/WH
- Order a debit card and enroll in online banking to receive $25
- Enroll in eStatements and receive an additional $75
- Sign up for recurring direct deposit and receive an additional $400
The Fine Print
- One offer per person available to new WB Portfolio, WB Performance, WB CT Signature, WB CT Free, or WB CT 16-25 Checking account customers only.
- Order a debit card and enroll in online banking to receive $25.
- Enroll in eStatements and receive $75.
- Sign up for recurring direct deposit and receive $400. A recurring direct deposit consists of payroll, government payments {Social Security, Supplemental Security Income, unemployment), pension, dividends and income from investments. Person-to-Person (“P2P”) transfers and bank transfers between your accounts at other financial institutions are not considered a direct deposit.
- The bonuses will be deposited into your account within 45 days a her the criteria is met, which must happen within 60 days of account opening.
- Offer available at the Bloomfield and West Hartford locations only.
- Offer may be rescinded at any time.
- Promotional code: $500BL/WH
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
WB CT Free 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
Seems like a good bonus but only available in a very small geographical area, we will add this to the highly restricted bank bonus list.
Hat tip to reader David – not the same Dave
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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
