[Expired] [MA, In Branch only] East Boston Savings Bank $100 + Free Gift Checking Bonus

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: $100 + free gift
• Availability: In branch only, all locations in MA [Branch locations]
• Direct deposit required: Yes, two direct deposits. No minimum specified
• Additional requirements: Yes, see below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None/avoidable
• Early account termination fee: $25, 180 days
• Household limit: None listed
• Expiration date: December 31st, 2019

The Offer

Direct link to 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 $50 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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