[Expired] [MA only] The Cooperative Bank $200 Checking Bonus

Looks like this actually expired in 2018

Offer at a glance

• Maximum bonus amount: $200
• Availability: MA only
• Direct deposit required: Yes, two $250+ direct deposits
• Additional requirements: Use promo
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $10, avoidable
• Early account termination fee: $10, six months
• Household limit: None listed
• Expiration date: February 28th, 2020

The Offer

Direct link to offer

• The Cooperative Bank is offering a bonus of $200 when you open a new TCB eLife checking bonus when you complete the following requirements:
  • Use offer code 4321
  • Make two direct deposits of $250 or more within 90 days.

The Fine Print

• $200 cash back offer valid for eLife Checking only.
• Promo code “4321” can be redeemed both in branch and online.
• Must open an eligible checking account by 02/28/2018 and must have 2 direct deposits with a minimum of $250 or more within the first 90 days of opening the account.
• Account must be open for at least 90 days. Once you meet the conditions, the bonus will be paid within 30 days.
• No minimum balance requirement.
• Direct Deposit and eStatement enrollment are required to waive the $10 monthly maintenance fee.
• No foreign (non-TCB) ATM charges.
• Unlimited ATM surcharge fee rebates.
• Customers may write up to ten (10) checks per month at no cost/$0.50 per check thereafter.
• Offer expires 02/28/2018.
• 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 a $10 monthly fee, this is waived if you’re enrolled in eStatements and a direct deposit

Early Account Termination Fee

According to the fee schedule there is a $10 fee if the account is closed within 6 months of account opening

Our Verdict

Seems difficult to keep the account fee free, so might not be worth doing for some people. We also don’t know if it’s a hard or soft pull yet. As always if you go for this deal then please share your experiences in the comments below.

Hat tip to reader Pete B

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• 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?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times