[Expired] [Latham, NY] Saratoga National Bank $250 Personal & Business Checking Bonuses - No Direct Deposit Required

Deal has ended, view bank account bonuses by clicking here.

Offer at a glance

Maximum bonus amount: $250
Availability: Latham NY branch
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: Avoidable
Early account termination fee: Unknown
Household limit: None listed
Expiration date: December 31, 2020

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Saratoga National Bank is offering a bonus of up to $250. This is available on consumer and business accounts and are as follows:
- Open a high interest checking account (consumer) when you make at least one deposit of $1,000 or more and meet the high interest checking monthly requirements: use your debit card 10 times a month and sign up for Internet Banking and Online Statements
- Open a free business checking account and get $250 when you make one deposit of $1,000 or more within 60 days

The Fine Print

Personal account:

Offer is available to new personal checking customers at our Latham Office.
Existing checking customers not eligible.
Terms and conditions may apply.
Offer expires on 12/31/20.
The minimum deposit to open a High-Interest Checking account is $5.
To qualify for the $250 bonus, you must make a single deposit of $1,000 or more into the new account and meet the other High-Interest Checking product requirements within 60 days of account opening (see below).
Please allow an additional 60 days after expiration of the qualification period and upon completing requirements to receive the $250 deposit in your new Saratoga National Bank Checking account (account must be open with a positive balance).
The $250 deposit will be reported as interest income to the IRS in the form of a 1099-INT.
This limited-time offer is subject to change or cancellation without notice at the Bank’s discretion and cannot be combined with any other offer.
Taxes are the responsibility of the account holder.

Business account:

Offer is available to new business checking customers at our Latham Office.
Existing checking customers not eligible.
Terms and conditions may apply.
Offer expires on 12/31/20.
To qualify for the $250 bonus, you must make a single deposit of $1,000 or more into the new account within 60 days of account opening (ATM withdrawals or deposits do not qualify).
Please allow an additional 60 days after expiration of the qualification period and upon completing requirements to receive the $250 deposit in your new Saratoga National Bank Checking account (account must be open with a positive balance).
The $250 deposit will be reported as interest income to the IRS in the form of a 1099-INT.
This limited-time offer is subject to change or cancellation without notice at the Bank’s discretion and cannot be combined with any other offer.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business checking account has no monthly fees to worry about. It says you need to open a high interest checking account for the personal bonus, but there is no such account listed on the website only interest checking or premium interest checking. These have a $8 fee and $15 fee, waived with a minimum balance of $250 or $5,000.