[MA, NH, ME, RI] Eastern Bank $300/$450 Checking Bonus

Offer at a glance

Maximum bonus amount: $300/$450
Availability: MA, NH, ME, RI
Direct deposit required: Yes, $4,000+
Additional requirements: See below
Additional requirements: None
Hard/soft pull: Soft
ChexSystems: Yes, sensitive
Credit card funding: No longer available
Monthly fees: None
Early account termination fee: None, bonus will post by January 28, 2020
Household limit: One
Expiration date: June 23, 2025

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Eastern bank is offering a $300 or $450 checking bonus when you open a new checking account and have a cumulative direct deposit of $4,000+.
- $450 when you open a new Eastern Premier Checking
- $300 when you open an Eastern Free Checking

The Fine Print

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Eastern free checking has no monthly fees to worry about. Eastern Premier Checking requires a $25,000 deposit to keep fee free.

Early Account Termination Fee

There is no early account termination fee

Our Verdict

Previous bonus was for $200/$350. For a lot of people that is actually a better bonus as you got $350 instead of $300 and the new $450 bonus requires $25,000 in funds to keep fee free. If you put those funds into an account earning 5% APY you’d be earning $100 per month anyway.

Hat tip to Gojo

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