[MA] Pittsfield Coop Bank $500 Checking Bonus

iers are $500 and $250 instead of $750/$500

Offer at a glance

Maximum bonus amount:
Availability: MA, Pittsfield/Hinsdale area
Direct deposit required: Yes, $500+ per month for six months
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Yes
Credit card funding: Unknown
Monthly fees: $15, avoidable
Early account termination fee: Unknown
Household limit: None
Expiration date: None listed

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

Pittsfield Coop Bank is offering a bonus of $750 when you open a new checking account and complete the following requirements:
- $750 bonus
  - Open an interest checking account with a $500 minimum
  - Set up direct deposits, a minimum of $500 each month for six months is required
  - Sign up for a Mastercard debit card and uChoose rewards
  - Make 25 debit card transactions in any combination of POS Signature (credit) or POS Pinned (debit) transactions during the cycle period
- $500 bonus is the same but only requires 15 debit card transactions

The Fine Print

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 $15 monthly fee. This is waived with any of the following:

$2,500 in all savings, checking, and money market accounts combined
15 debit card transactions and electronic deposits of $500 or more

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Doesn’t work out of state. My reading is that the debit card transaction requirement is each statement cycle but others might disagree. If anybody signs up please share if it’s a hard or soft pull.

Hat tip to reader Gorb

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