Posted by William Charles on January 9, 2018
Bank Account Bonuses

Published on January 9th, 2018 | by William Charles

130

[Expired] [MA, NH, ME, CT, VT and RI] HarborOne Bank Up To $500 In Checking Bonuses

This bonus has expired and is no longer available. View the best checking bonuses here.

Update 01/09/18: Bonus has been extended until February 28th, 2018

Reposting because the offer has been extended.

Offer at a glance

  • Maximum bonus amount: $500
  • Availability: MA, NH, ME, CT, VT and RI
  • Direct deposit required: Yes, $2,500-$10,000
  • Additional requirements: 15 debit card transactions
  • 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: April 29th, 2017 June 30th, 2017 October 31st, 2017 December 31st, 2017 February 28th, 2018

The Offer

Direct link to offer

  • HarborOne Bank is offering checking bonuses up to $500. There are three seperate bonuses:
    • $150 bonus when you set up a recurring direct deposits totaling $2,500 or more and make 15 debit card POS withdrawals (post and clear) within 60 days of opening an account
    • $300 bonus when you set up a recurring direct deposits totaling $5,000 or more and make 15 debit card POS withdrawals (post and clear) within 60 days of opening an account
    • $500 bonus when you set up a recurring direct deposits totaling $10,000 or more and make 15 debit card POS withdrawals (post and clear) within 60 days of opening an account
  • If you’re having trouble opening, this comment is helpful: “Weird thing when I opened the account, it defaulted to opening a CD with minimum deposit of $1000. I had to close out the app, log back into the application and at the bottom select the iChecking product.”
  • Note: When they say recurring they mean it. See this datapoint.

 

The Fine Print

  • Offer available 3/1/2017-4/29/2017 6/30/17 8/31/2017. 12/31/2017
  • Once the offer criteria is met, the bonus will be credited into the new personal checking account no later than 80 days from 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. Person-to-Person and bank transfers between your existing HarborOne bank accounts or accounts you have at other financial institutions or brokerages do not qualify.
  • 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 all noted offers above.
  • Offer is not available to current or former HarborOne customers who have a HarborOne personal checking account within the last 90 days.
  • Offer only available to residents of: MA, NH, ME, CT, VT and RI.
  • To receive the $150 checking bonus: 1) Open any new eligible HarborOne personal checking account; 2) Make 15 Debit POS withdrawals that must Post and Clear within 60 days of account opening AND 3) Receive direct deposits totaling $2,500 or more made to this account within 60 days of account opening.
  • To receive the $300 checking bonus: 1) Open any new eligible HarborOne personal checking account; 2) Make 15 Debit POS withdrawals that must Post and Clear within 60 days of account opening AND 3) Receive direct deposits totaling $5,000 or more made to this account within 60 days of account opening.
  • To receive the $500 checking bonus: 1) Open any new eligible HarborOne personal checking account; 2) Make 15 Debit POS withdrawals that must Post and Clear within 60 days of account opening AND 3) Receive direct deposits totaling $10,000 or more made to this account within 60 days of account opening.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

You can open the Free Plus Checking account and still qualify for this bonus, this account has no monthly fee. I wasn’t able to find any early account termination fee in the fee schedule.

Their iChecking account has a $5 monthly fee, this is waived if you have a minimum daily balance of $500+.

Our Verdict

Very large bonus, obviously direct deposit is going to be a challenge (especially at the $10,000 level), the good thing is that the direct deposits need to total that amount within 60 days so you can have multiple direct deposits. They also say they are going to monitor accounts, so this likely needs to be a true direct deposit. This is one of the best checking account bonuses if you’re able to meet the requirements with your paycheck as it’s a soft pull and you can fund with a credit card and it’s a high maximum bonus of $500. In addition no need to worry about any early account termination fees.

Big thanks to reader, JakeFromStateFarm who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Justin
Justin

Thanks Doc. Under “The Offer” you will want to update the values to reflect the DD $ (they all say $2,500 right now)

Paul
Paul

Typo under 500 offer.
Should be 10,000 instead of 2,500.

Anyone know if discover savings works as direct deposit?

VD
VD

How about Chase external transfer? Will it be considered as DD?

CAn this be opened online and can be closed through phone? Not able to find any nearby branches

VD
VD

Do we need to enter anything on the Promotional code box?

Dan
Dan

My ability to simultaneously swing bonuses in NH, MA, NY, and WI is really starting pay off

Dan
Dan

whoops my bad, you can delete my comments and keep clear for datapoints

Chao Huang
Chao Huang

Care to share how are you able to do that (swing bonuses in multiple states)? Thanks.

J
J

possibly has several residences?

Adam

Subbed. Thanks DoC!

Win
Win

A/C opened with $10 CC funding (amount limited by application website) using Cap One card (coded as Other Services but transaction is still pending).

Dan
Dan

spoke to representative on chat. She said there is no code to enter and the new accounts will be monitored

Eddy Cue
Eddy Cue

Monitored for what?

I couldnt get past the funding page. It says funding should add up to 1k but shows an error. Top of page says 500 cc funding but error persists. Changed it to the $10 DP from above. Still same error

Dan
Dan

Monitored to make sure the bonus requirements are met. Weird thing when I opened the account, it defaulted to opening a CD with minimum deposit of $1000. I had to close out the app, log back into the application and at the bottom select the iChecking product. This allowed for up to $500 funding with VISA/Mastercard. I used Fidelity Visa, will report back on coding. Application is pending review

Adam
Adam

Did you get the account number immediately after opening, or did you have to wait a few days for approval, or for something to come in the mail? Timing will be critical for me to squeeze $10k DD into 60 days (I get paid biweekly and it will take 4 paychecks to hit that amount).

Eddy Cue
Eddy Cue

Thank you for your DP. That really helped clarify things and help me complete my application. Like you said, it defaults to a CD (no idea why) so i just followed your instructions and funded up to 500.
My application was approved and showed my my account and routing number

Justin
Justin

Hey Dan, did the transaction post as a purchase on the Fidelity Visa?

keith Jones
keith Jones

So i opened the account today i was able to do a citi AA business mastercard for $500. account approved immediately and as far as i can tell it was a soft pull on the credit.

Bob
Bob

Phone rep said the bonus applies to ANY new checking account opened with the bank, so no need to choose iChecking, which has the $500 minimum to avoid fee. Definitely go with the Free Plus account if you’re never going to use the ATM card, which is the only difference between the two versions.

Dan
Dan

Don’t you need to use the atm card to get the bonus though?

Bob
Bob

Sorry, wasn’t clear. I meant use the debit card at non-HarborOne ATMs for transactions, withdrawals, etc. iChecking has no fee for outside network ATMs, Free Plus has fees. Debit transactions required for the bonus do not matter here.

Joey
Joey

if you follow the link provided on the post, it automatically opens up a CD. So you need to use this URL to select the right product to open https://harborone-web.oflows.net/oflows/web/prodstart.seam?page=deposit&newsess=false&_ga=1.110810119.32535257.1490743153

leon
leon

SO and I both declined. At the end of the application where they would usually ask some security questions from public knowledge base, we were not given any. Straight up declined after.

Noticed this has happened to both of us recently. Also this is the same backend web app like Santander’s, which also did not give us the verification questions. Could be chex sensitive?

Bob
Bob

How many Chex in the last 6 mo and 12 mo?

tinker25
tinker25

2 DPs –

1) Do not attempt to piggyback savings in the same app, I picked iChecking and Savings. Funding is min 1000 for saving, but total CC fund is max $500. So I could not fund with CC, had to use other back acct. App went to pending w/o acct # given. Pending for verify external bank acct via trail deposits.

2) Lesson learnt from 1). For SO, only picked iChecking. Able to fund $500 with Citi AA. Instant approval, with acct # given.

Victor
Victor

Hi, $500 posted as purchase or cash advance in your credit card ?

tinker25
tinker25

$500 still pending, says Pending Purchases. I realized that this card has CA limit $750. Hope it codes as purchase.

Joey
Joey

opened Free Plus Checking account (without maintenance fee, confirmed with CS that ANY checking account will qualify) on 28th with $500 on Citi Premier.

Posted 03/31
Transaction Type: Purchases
Category: Services – MORTGAGE COMPANIES-FINANCIAL INSTITUTION

Victor
Victor

Perfect! So it was coded as purchase that is what we all wanted.. thanks for the confirmation!!!

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