EBSB is part of Rockland Trust and this bonus is no longer offered. View the best current bank bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $100 + free gift
- Availability:Â In branch only, all locations in MA [Branch locations]
- Direct deposit required:Â Yes, two direct deposits. No minimum specified
- Additional requirements:Â Yes, see below
- Hard/soft pull:Â Soft pull
- ChexSystems:Â Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None/avoidable
- Early account termination fee:Â $25, 180 days
- Household limit:Â None listed
- Expiration date:Â December 31st, 2019
Contents
The Offer
- East Boston Savings Bank is offering a bonus of $100 and a free gift when you open a new checking account and complete the following requirements:
- Get $50 when you have 2 recurring direct deposits within 60 days of account opening
- Get another $50Â when you enroll in online banking and make at least three online bill payments within 60 days of account opening
The Fine Print
- Bonus offer only available for accounts opened between September 1, 2019 and December 31, 2019 at any of our branches.
- Minimum deposit to open any new checking account is $50.
- Receive $50 cash bonus when you have 2 recurring direct deposits within 60 days of account opening.
- Receive another $50 when you enroll in online banking and make at least three online bill payments within 60 days of account opening.
- In order to receive the bonuses, the account must remain open in the eligible product type at the time of bonus payout.
- In addition, the account must have a positive balance at the time of bonus payment.
- Bonus is considered interest and will be reported to IRS on Form 1099-INT.
- If multiple accounts are opened with the same signer(s), only one account will be eligible for the bonuses.
- Bonus payments will be credited to your account within 90 days of account opening if the above conditions are met.
- Primary customer on the account is only eligible for bonus offers once ($100 maximum).
- Free gift is awarded when account is opened. EBSB reserves the right to substitute a gift of similar value.
- In the event the value of the free gift exceeds $10, the bank is required to report the gift value on form 1099-INT.
- Bank rules and regulations apply. Ask representative for details
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees to worry about.
Early Account Termination Fee
According to this the fee schedule is $25 if closed within 180 days.
Our Verdict
Last time this was offered the free gifts were things like flash light, screw driver with lots of heads, tupperware set, chip/dip container, and mason jars. Last time we saw this bonus there was another $50 you could do for completing some debit card purchases. That was a better deal, but was last available in 2017 so I doubt we see that return any time soon. If you live near a branch then this one is worth doing, so I’ll add this to our list of the best checking bonuses.
Hat tip to DDG
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- A Beginners Guide To Bank Account Bonuses
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- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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- 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?
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