[MA only] Century Bank $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: MA only
• Direct deposit required: Yes, $1,000+ per month for three consecutive months
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems:Yes, sensitive (reader who sent it in was denied with 7 accounts in last 9 months). Not sensitive in branch?
• Credit card funding:None
• Monthly fees: None
• Early account termination fee:
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• Century Bank is offering a bonus of $250 when you open a new checking account and complete the following requirements:
  • Receive cumulative direct deposits of $1,000 or more per month for three consecutive months

The Fine Print

• To qualify for this promotion, you must open a new personal Platinum, Gold, Silver or Bronze Checking account with direct deposits starting within 60 days of opening.
• Offer is not available to existing checking customers of Century Bank within the previous 24 months.
• All accounts are subject to our approval process.
• There is a $1-$10 minimum balance required upon opening a new personal checking account.
• One $250 reward per household for three consecutive monthly cumulative direct deposits of $1,000 or more into the new account.
• Reward amount will be deposited in your new checking account 30 days following the completion of the qualified direct deposits.
• A qualified direct deposit is a recurring electronic deposit of a paycheck, pension or government benefits (such as Social Security) from an employer or government.
• Bank transfers between accounts do not qualify.
• Reward paid will be reported as income.
• Any taxes are the responsibility of the account holder.
• Account must be open and active to receive award.
• Only one promotional offer per household please.
• All accounts are subject to our approval process.
• Century Bank reserves the right to modify or withdraw these offers at any time without notice.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Silver checking has no monthly fee to worry about. You do need to opt out of paper statements otherwise a $4 fee will be charged.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

Previous best bonus was $100, but didn’t require a direct deposit. Personally think this is a better bonus as it’s significantly better, but that will depend on how easy it is for you to set up a direct deposit. I’ll be adding this to our best bank account bonus.

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• 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?
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