[Expired] [MA only] Clinton Savings Bank $300 Checking Bonus

Deal is no longer being offered, view the best current checking bonuses by clicking here.

Offer at a glance

Maximum bonus amount: $300
Availability: MA only
Direct deposit required: Yes, recurring direct deposit of $1,000+ per month
Additional requirements: eStatements
Hard/soft pull: Soft pull
ChexSystems: Yes, does pull
Credit card funding: Up to $1,000 (first page of application mentions debit & credit card as a funding option, so should be possible).
Monthly fees: $5, avoidable
Early account termination fee: Bonus forfeit, six months
Household limit: None
Expiration date: July 31st, 2019

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

Clinton Savings Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
- Use promo code 300
- Have a recurring direct deposit of a minimum $1,000 per month within 45 days of account opening (this needs to continue until the bonus posts)
- Enroll and accept eStatements

The Fine Print

This offer is valid from March 31, 2019 to July 31, 2019 and applies to the Basic Checking account only opened with either the “300” promotion code entered online or with this mailer presented at any branch location.
The $300 bonus offer applies to consumers who do not have an existing CSB consumer checking account relationship, or have not had a consumer checking account in the last six months.
To receive the $300 checking bonus: 1) Open a Basic Checking account with a minimum of $10.00, which is subject to approval; 2) Have your recurring direct deposit of a minimum of $1,000 per month made to the account and each month thereafter starting within 45 days of account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. 3.) Enroll and accept in e-statements within 30 days of account opening.
After you have completed all the above requirements Clinton Savings Bank will deposit the $300 into your new Basic Checking account no later than 90 business days from account opening.
Account must remain in open, active, in good standing, and in the same product type through the qualifying period to receive the bonus.
Offer cannot be combined with any other offers and is limited to one bonus per customer. $300 bonus will generate a 1099-INT.
Offer is limited and may be withdrawn at any time.
A monthly maintenance service charge of $5.00 will be assessed against your Basic Checking account
. This service charge is waived if you maintain a recurring monthly direct deposit into this account or if the balance is $100 or more every day of the monthly statement cycle. CSB employees are excluded from this offer.
Account closing: If the Basic checking account is closed by the customer or CSB within six months after opening, we will deduct the bonus amount for that account at closing.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The basic checking account has a $5 monthly fee. This is waived if you have a minimum balance of $100 daily or if you have a recurring monthly direct deposit

Early Account Termination Fee

If the account is closed within six months the bonus is forfeit and a $25 fee is charged

Our Verdict

Previously they have offered a bonus of $200, that deal was a little easier to meet the requirements for but I do think this $300 deal is much better as it’s an extra $100. I do think this bonus is worth doing, because of that I’ll add it to our list of the best checking bonuses.

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