There is now a bonus for $200.
Offer at a glance
- Maximum bonus amount: $100
- Availability: You must live within one of the Counties listed in the online application (generally, 50 miles of a Hometown Bank branch office) to open an account online. All locations are in MA and can be found here.
- Direct deposit required: Optional, must be $25+
- Additional requirements: Direct deposit or 5 bill pays
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: Free
- Early account termination fee: $10, 180 days
- Expiration date: None listed
The Offer
- Open a new totally free checking account with Bank Hometown and receive a bonus of $100 when you complete one of the following requirements:
- Activate a direct deposit of $25 or more within 60 days of account opening
- Make 5 bill payments within 60 days of account opening
The Fine Print
- May not be combined with other promotional offers.
- This is a limited time offer subject to change at any time without notice.
- Promotional offer is for new checking account customers only for (a) activating direct deposit within 60 days of account opening ($100.00 will be credited to the account after a minimum first direct deposit of $25.00 is made) or (b) making 5 bill payments using Hometown ePay within 60 days of account opening ($100.00 will be credited to the account after the fifth bill payment posts to the account).
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Their totally free checking account does not have any monthly fees or minimums to worry about. There is a $10 early account termination fee if you close your account within 180 days of account opening according to their fee schedule.
Our Verdict
Bank Hometown and BankESB will be merging effective November 21st, 2016. BankESB also has a $200 bonus currently, so you might want to pick up both of these before the merger date. If this is a soft pull and you can fund with a credit card then it’s a pretty good deal, let us know your experiences in the comments below. You can view checking account offers we recommend here.
Big thanks to reader, Winthorp who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
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- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- 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
