Posted by William Charles on October 11, 2018
Bank Account Bonuses

Published on October 11th, 2018 | by William Charles


[Expired] [FL, MA, NJ, NY, VT] Trustco Bank $100 Personal Checking Bonus

Seems like the offer is no longer being shown on the homepage.

Offer is being advertised on the home page again. Still shows a 9/30/18 end date but I suspect this will be updated shortly. Hat tip to Richard N

Offer at a glance

  • Maximum bonus amount:
  • Availability: FL, MA, NJ, NY, VT, must open in branch [Branch locator]
  • Direct deposit required: Yes, full paycheck/benefits
  • Additional requirements: None
  • Hard/soft pull: Soft
  • Credit card funding: Unknown
  • Monthly fees: $5, avoidable
  • Early account termination fee: $26 if closed within three months + you forfeit bonus
  • Household limit: None listed
  • Expiration date: August 31st, 2018 September 30th, 2018

The Offer

Direct link to offer

  • Trustco Bank is offering a bonus of $100 when you open a Home Town Premier checking account and complete the following requirements:
    • Set up a direct deposit (entire amount from recurring Payroll, Social Security, and/or Pension (minimum of $100 monthly Direct Deposit). Must be completed within 45 calendar days of August 31st, 2018.

The Fine Print

  • Offers valid until 8/31/18. *To receive the $100, you must open a Home Town Premier Checking Account with Direct Deposit.
  • Minimum of $50 to open a Home Town Premier Checking Account.
  • Monthly maintenance fees may apply and may have a minimum balance requirement. Direct Deposits must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $100 monthly Direct Deposit).
  • Direct Deposit must be completed within 45 calendar days from end of promotion.
  • Bonus will be paid within 30 days of verification.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The Home Town Premier checking account has a $5 monthly fee, this is waived with either:

  •  Direct Deposit of Payroll, Social Security or Retirement Income Or
  • $500 monthly average collected balance

Early Account Termination Fee

If the account is closed within three months you have to pay a $26 fee, you also forfeit the bonus.

Our Verdict

Not the biggest bonus available, but might be worth doing for those who have already done the bigger/easier bonuses in their area.

Useful posts regarding bank bonuses:

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Dont see how to apply online. Maybe I’m blind, maybe its not possible to open online.

Post says in branch

Does anyone know if banks are aware of whether or not you actually do a full direct deposit? My work allows me to do up to three checking accounts at once and I currently have at least two DD’s going on toward a promotion.

Fees: No Monthly Service Fee with: Direct Deposit of Payroll, Social Security or Retirement Income Or a $500 monthly average collected balance.

Cheers, amigos!

ETF:$26 if acct close in less than 3 months plus bonus

Thanks. Post should be updated…

You know i read the fine print on the offer. Im not sure but i think the “entire amount” means that it can only come from direct deposit. Im going to go by the branch and ask them. It loosk like i can just DD $50 every 2 weeks abnd qualify for the bonus

Rich, could you let us know? I would only want to DD $100 as well. Thanks

Ok, i called the branch near me and i spoke to the manager. She said it only has to be a minimum $100 per month and that if i only deposit $50 every 2 weeks that qualifies. She said after 2 cycles of direct deposits (I assume billing cycles/months) they pay the bonus within 2 weeks.

Rich, thanks!

any data points so far on what counts as dd (besides payroll, ss, etc.)?

This deal is back on! When you go to the banks main website, it pops up. While i realize there aren’t many people that have a Trustco bank in their area. I do have some DP’s. i did sign up for this and it only requires a DD of $50 every 2 weeks for a minimum of $100 a month. it’s only $100 bonus but its very easy to get. They require $50 cash to open. But no minimum balance requirement, To keep the account fee free u just need a regular DD, No amount specified.

no offer on home page, no popups either.

You are correct. The offer is not on the home page now BUT. I had to go by Trustco today anyway and there are signs up for this offer and there were flyers and i grabbed one to read the fine print. This is an In-Branch offer only. The offer is till October 31st. and remember you need $50 cash to open the account. It’s not the best bonus but its easy to get.

This is not expired. I went in the branch today and got a flyer, The flyer says the expiration date is Octorer 31st 2018. They also had signs up which i took a pic of one. Yes this does not show up online anymore but this is an IN-branch deal. i will try to post some pics.

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