Update 5/23/20: Deal is back, no end date listed. Hat tip to Anna
Offer at a glance
- Maximum bonus amount: $200
- Availability: MA, NH, and RI
- Direct deposit required: Yes, $2,500+ within 60 days of account opening
- Additional requirements: Open savings and fund it with at least $500
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $500 (this is a hard limit per application, doesn’t matter if you have two accounts in same application or not)
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date:
August 31st, 2019October 31st, 2019 December 31st, 2019None listed
Contents
The Offer
- HarborOne is offering a bonus of $200 when you open a new checking account and complete the following requirements:
- Make direct deposits of at least $2,500 within 60 days of account opening and receive a bonus of $100
- Open a new savings or money market account and make deposits totaling $500 within 60 days of checking account opening
- Register for the bonus – make sure to use the same e-mail address you used when opening the checking account
The Fine Print
- Location where offered: Offer available 7/1/2019-8/31/2019 only to residents of MA, NH, and RI.
- Registration: Account holders must open and fund their account AND register for the bonus by 8/31/19 at harborone.com/register in order to be eligible.
- Criteria for New Customers: New customer to the Bank; Existing customer that did not have a checking account; Existing customer that is not the tax owner on any existing checking account; Considered new if the customer has not had a checking account in prior 12 months; If multiple accounts are opened with the same signer, only one account will be eligible for the incentive.
- To receive the $100 Checking bonus: 1) Open any new eligible HarborOne Personal Checking Account; 2) Receive direct deposits totaling at least $2,500 to this account within 60 days of account opening. Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits such as social security from your Employer or the Government. Direct Deposits that do not qualify include: deposits to your account made by an individual using online banking or internet payment provided, Person–to–Person and bank transfers between your existing HarborOne Bank accounts or accounts you have at other financial institutions or brokerages.
- To receive the $100 Savings bonus: Open any new eligible HarborOne Personal Savings or Money Market account in accordance with the minimum opening balance requirement and make deposits totaling $500.00 within the first 60 days of the Checking Account Opening. (Must also complete checking bonus requirements to be eligible for the additional $100.00)
- Bonus Conditions: Account must remain open, active, in good standing, and in the same product type through the 60 day period from account opening to receive the bonus for noted offers above. Once the offer criteria is met, the bonus will be credited into the new personal checking or savings account no later than 80 days from account opening.
- Bonus offers do not apply to those customers who have been paid a promotional premium in the past 24 months.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
You can open the Free Plus Checking account and still qualify for this bonus, this account has no monthly fee. CheckIt Savings also has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
Previously they offered a bonus of up to $500, the requirements for the full $500 bonus were much more difficult to meet but still do-able for a lot of people. There was also a comparable offer for $300 that required $5,000 in direct deposits. That was last offered in 2018, so I’m not confident a similar big bonus will come back. Because of that I will add this to our list of the best checking account bonuses.
Hat tip to reader DayTradeIt
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- 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
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Applied and denied. Confirmed they pulled ChexSystem report. No Chex inquiries in the past 18 months.
Wow, this took a while. Here’s my DP.
11/28/2021 – Opened account
12/15/2021 – First real work direct deposit over $2500
1/15/2022 – Another real work direct deposit for good measure
1/28/2022 – $200 bonus shows up
Data point for $200 bonus
Opened online 11/12/2021, in Rhode Island (RI)
11/24/2021: First real DD (work) posted
12/23/2021: Final real DD (work) posted to get to $2,500
1/18/2022: $200 bonus posted
New **$750** bonus for “Metro Boston area: Boston, Brighton, Brookline, Cambridge, Quincy, and South Boston” https://www.harborone.com/750bonus In Branch or via “One2One” appointment (virtual/phone?) Expires February 28, 2022 > Earn $450 when you open a new checking account. – Just make monthly direct deposits totaling at least $2,500 per month — for 6 months > Earn an additional $300 when you open a new savings account. – Just maintain at least a $15,000 average monthly balance each month — for 6 months *Offer available only to new deposit customers who live or work within 10 miles of our Metro Boston branches: Boston, Brighton, Brookline, Cambridge, Quincy, and South Boston who open their personal checking and savings accounts at one of our Metro Boston branches either in person or with One2One Appointment Banking with a staff member at a Metro Boston branch by February 28, 2022, and then meet all criteria listed below. Criteria for New Customers: New deposit customer to the Bank who has not had any HarborOne deposit account in prior 12 months; Existing customer who did not have a deposit account; Existing customer who is not the tax owner on any existing deposit account; If multiple accounts are opened with the same signer, only one account will be eligible for the incentive. To receive the $450 Checking bonus: 1) Open any new HarborOne personal Checking Account; AND 2) Receive direct deposits totaling at least $2,500 per month, each month starting within 60 days of account opening through the 6 month anniversary of account opening. Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits such as social security from your Employer or the Government. Direct Deposits that do not qualify include: Deposits to your account made by an individual using online banking or internet payment providers, Person to Person and bank transfers between your existing HarborOne Bank accounts or accounts you have at other financial institutions or brokerages. To receive the $300 Savings bonus: 1) Open any new HarborOne Personal Savings account in accordance with the minimum opening balance requirement and maintain at least a $15,000 average monthly balance each month, starting within 60 days of account opening through the 6 month anniversary of the Checking Account Opening; AND 2) Must also complete checking bonus requirements to be eligible for this additional $300. Bonus Conditions: Account must remain open, active, in good standing, and in… Read more »
I guess it’s just a little over 4 months if you time it to start close to the 60 day mark, which is not bad, but the $200 bonus is easier, as it only requires a single $2500 DD.
Terms now say
“Offer available only to residents of MA (EXCLUDING residents of Boston, Brighton, Brookline, Cambridge, South Boston, and Quincy), NH, and RI. Offer subject to change at any time.
I’m curious why they list Brighton & South Boston separately. They are just two of the 23+ neighborhoods of the City of Boston.
Now you do not need to open a savings account to receive $200 total. Bonus is now $200 for just opening a checking account.
Bonus paid out on 9/24/21. Real DD used.
Could you outline opening dates and when you passed the required threshold?
Promotion did not post on the expected due date.
I called to inquire and they posted it the next day.
A real DD was used for this one.
Nice bank, btw. Everything works well.
Opened 4/22 (in state)
4/30 had a HSA reimbursement hit the account (over the threshold)
5/21 Work DD started hitting account
6/4 Work DD passed threshold
6/24 New Account Bonus pd (in checking and savings)
I was able to successfully open back in November from OOS, but they did not pay out the bonus due to that fact. It was worth a shot.