Deal has expired, view more checking bonuses by clicking here
Update 8/25/19: Deal is available until September 30th, 2019. Hat tip to Chase-ing UR points
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â MA only
- Direct deposit required:Â Yes, $1,000 minimum specified
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown, sensitive
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date: October 31st, 2019
Contents
The Offer
- Watertown Savings Bank is offering a bonus of $300 when you open a new checking account. Bonus is broken down as follows:
- First $150 bonus:
- Open any new checking with eStatements
- Set up a recurring direct deposit of payroll and receive direct deposits totaling at least $1,000 or more within 60 days of account opening
- Second $150 bonus:
- Use your WSB debit card at least six times within 60 days of account opening
- Set up Bill Pay by enrolling in online banking and making at least 1 payment through Bill Pay within 60 days of account opening
- First $150 bonus:
The Fine Print
- Bonus will post within 4-6 weeks of requirements being met
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The WSB free checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a full fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
They also offer a $200/$200 referral bonus, that’s a better deal if the person referring you will give you their $200 (e.g if it’s your spouse). Otherwise this is a better deal, requirements are the same. We need to know if it’s a hard or soft pull to open the account still.
Hat tip to reader Z
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
