Posted by William Charles on February 24, 2019
Checking Accounts

Published on February 24th, 2019 | by William Charles

10

[MA, CT only] Westfield Bank $200 Checking Bonus

Warning: They offered a bonus in 2017 and it was mostly a disaster due to out of state applications being allowed and then automatically declined. I’d recommend reading through that thread to know what you’re getting yourself into.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: You will need to reside or work within Hampden or Hampshire Counties of Massachusetts or the Granby area, Northern Hartford, or Northern Tolland Counties of Connecticut or be enrolled in a school of higher education within Hampshire or Hampden Counties of Massachusetts.
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: eStatements and order a debit card
  • Hard/soft pull: Soft
  • ChexSystems: Yesreport of being sensitive
  • Credit card funding: Up to $500. Can fund with American Express, Discover, Mastercard & Visa.
  • Monthly fees: None
  • Early account termination fee: Unknown, maybe 180 days bonus forfeit
  • Household limit: None listed
  • Expiration date: None listed

The Offer

Direct link to offer

  • Westfield Bank is offering a bonus of $200 when you open a new WB Free checking account and complete the following requirements:
    • Use promo code ONLINE200
    • Order a debit card and receive a $50 bonus
    • Enroll in eStatements and receive a $50 bonus
    • Sign up for direct deposit and receive $100 bonus

The Fine Print

  • One offer per person available to new WB Free Checking account customers only.
  • Order a debit card and enroll in online banking to receive $50. Enroll in e-statements and receive $50. Sign up for direct deposit and receive $100
  • . The bonuses will be deposited into your account within 45 days after the criteria is met, which must happen within 60 days of account opening.
  • Minimum balance to open a WB Free Checking account is $10
  • Offer can be rescinded at any time. Promotional code: ONLINE200.
  • 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 no monthly fees to worry about.

Early Account Termination Fee

With other bonuses account has needed to be kept open for 180 days to avoid losing the bonus.

Our Verdict

Keep in mind the ChexSystems sensitivity and previous issues with other bonuses as well. I’ll be adding this to our best bonus page as you can get $100 of the bonus without a direct deposit and there are no monthly fees to worry about.

Hat tip to reader Mark A

Useful posts regarding bank bonuses:



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Mark
Mark

More residency details from the application instructions page:

“You will need to reside or work within Hampden or Hampshire Counties of Massachusetts or the Granby area, Northern Hartford, or Northern Tolland Counties of Connecticut
or be enrolled in a school of higher education within Hampshire or Hampden Counties of Massachusetts.”

I work within the target area and my application went pending (maybe due to ChexSystems).

The Man
The Man

Thank you for choosing to open a Westfield Bank deposit account online.

Unfortunately, we are unable to automatically approve your application at this time. A member of our Online Account Opening Team will review your application and follow up with you shortly.

Peek

The last time they offered a bonus I was approved during he weekend and then declined and sent and adverse action letter the following week. They seemed agitated in the email sent. I received a check for my opening deposit back later in that same week. I had opened a lot of accounts though, probably 15+.

Beefer
Beefer

Same here!

Peek

Looks like the link you reference is for the OH Westfield bank. I think this is the one that should be referenced: https://www.doctorofcredit.com/ware-ma-westfield-bank-200-checking-promo/ Two different banks the only difference in their domain name is a dash:

https://www.westfieldbank.com
https://www.westfield-bank.com

Regan
Regan

I live in the target area. Applied online today and was approved instantly. Funded $500 (max) with CSR. After approval they request you to upload a pic of license and will be sending docs via email to e-sign. I’ll update if anything goes awry.

Pablo
Pablo

Just got approved for a checking account with them.
Opened approximately 8-10 accounts in the past 12 months.

Pablo
Pablo

Nevermind, disregard my previous post. Just received an email stating that I was declined due to Chex.

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