Posted by William Charles on September 14, 2018
Bank Account Bonuses

Published on September 14th, 2018 | by William Charles


[Expired] [MA, NH, ME, RI] Eastern Bank $200 Checking Bonus

This deal has expired, you can view the best current checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Must reside in MA, NH, ME or RI
  • Direct deposit required: Yes, recurring deposit of $250+
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Yes, sensitive
  • Credit card funding: Up to $2,000, American Express, Visa, Discover & Mastercard accepted (some comments are saying this is no longer available)
  • Monthly fees: None
  • Early account termination fee: Bonus won’t post until 1/28/19
  • Household limit: One
  • Expiration date: October 15th, 2018

The Offer

Direct link to offer

  • Eastern Bank is offering a bonus of $200 when you open a new Eastern Free Checking account and complete the following requirements:
    • Receive a recurring  payroll, pension or government direct deposit of $250+ by 1/15/2019

The Fine Print

  • A minimum of $25 is required to open an Eastern Free Checking account, $50 to open an Eastern eZ Checking, or $500 to open an Eastern Premier Checking Account.
  • To receive $200 cash incentive, customer must open an Eastern Bank consumer checking account between 9/11/2018 and 10/15/2018 and receive a recurring payroll, pension or government direct deposit of $250 or more per direct deposit, posted to the new account by 1/15/2019. Electronic credits to the account other than payroll, pension or government benefits, such as person-to-person payments, transfers between your accounts at Eastern Bank and other institutions or brokerages, and payments through third parties such as Paypal or eBay do not qualify.
  • This offer is valid for new consumer checking account customers, only.
  • New customers are primary signers who have not had a consumer checking account since 9/11/2017.
  • The account must also meet the following requirements at the time of qualification to receive an incentive: (a) Customer must reside in MA, NH, ME or RI only. (b) Customer must be age 18 or older. (c) Account must be open and have a positive balance.
  • Incentives for qualified accounts will be deposited into customer’s account by 1/28/19 if the account is open and has a positive balance.
  • The incentive may be deposited earlier if the account meets all the terms of the offer prior to 1/15/2019.
  • Only one incentive per customer and one incentive per household. Customer will receive a 1099 form for this incentive.
  • Please consult your tax advisor regarding the tax implications of this offer. Other qualifications and restrictions may apply.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

There is no early account termination fee, but keep in mind the bonus won’t post until 1/28/19.

Our Verdict

Previously they offered a bonus of only $100. This is an extra $100. Unfortunately it looks like you can no longer fund up to $2,000 with a credit card but I’ll happily be corrected on that. This will still definitely be added to the list of the best bank account bonuses though. Just keep in mind they are inquiry sensitive.

Big thanks to all the readers who sent this one in

Useful posts regarding bank bonuses:

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Does pull Chex Systems. Sensitive. Denied in branch.

Brian k
Brian k

+1 I applied online and was denied due to chexsystem. Probably 12 new bank accounts in last 12 months.


How many chex inquiries did you have in the last 12 months? Thanks for the datapoint


Bonus posts 1/28/19. Yikes. That’s like, next year.


I feel that the expiration date should be listed as 10/15/2018 since in the fine print it says… “To receive $200 cash incentive, customer must open an Eastern Bank consumer checking account between 9/11/2018 and 10/15/2018”.

Now the fine print date is subject to change but would not be as misleading as no expiration date listed. Initially, I was thinking of maybe opening an account in December but then I read the fine print…


Chex Sensitive. I applied online and received a denial letter in mail 3 days later, indicating the denial reason is about ChexSystem.
I have 3 new accounts in the past 12 months, 12 in past 24 months.


Seems to be very chex sensitive. Applied online and denied. 8-10 new accounts in last 12 months


Got my denial letter in the mail today. I’ve opened about 15 accounts in the past 12 months.


Applied online and received paper denial letter in mail in about 3-5 business days.

Yes, look very sensitive to ChexSystems. Actually maybe too sensitive.

Just echo with other replies. It is the first time that I was denied explicitly due to Chexsystems record. I don’t have a clear number about how many checking I have opened in the past 2 years, maybe ~10 checking/24months? Also, I have never been denied in this way, which feel similar to credit card application. (curious if they have “reconsideration line” 🙂 )

The good side is that according to the denial letter, I can request a copy of free credit report from ChexSystems. Never received such a thing in the past. So did the request online and was told the report will be mailed to me in 5 business days (no electric version). The denial is not a big deal but actually I am more curious on what my ChexSystems report looks like since I have never seen it before.

Again, if you have applied quite a few checking accounts, this deal is not for you. However, if you want to get a free copy of Chexsystems report, go ahead. BTW, even without adverse action, you can request one ChexSystems copy for free every 12 months similar what you can get from the three credit bureaus.

timothy brown
timothy brown

My account was opened 10/1/18 and I received my $200 bonus on 12/07/18

timothy brown
timothy brown

please edit account was opened 10/16/18 and bonus paid 12/07/18. Please delete my previous statement.
Oct 16, 2018 Deposit +$80.00 80.00
Dec 7, 2018 Credit Memo +$200.00 872.00

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