Posted by William Charles on January 26, 2016
Bank Account Bonuses

Published on January 26th, 2016 | by William Charles

72

[Expired][MA, VT, NH, MA, RI, NY & CT] MountainOne Bank $250 Checking Bonus

Bonus isn’t mentioned online anymore at all, might still be possible to open in branch and get bonus but we aren’t sure.

Update: You have to open account in branch now. accounts opened online do not qualify for special incentive

Reposting again because the bonus is actually for $250.

We’re reposting this deal because we now know that it’s a soft pull to open and you can fund with up to $1,000 using a credit card. It also seems the bonus posts quite quickly, thanks to reader J for providing this information.

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: MA, VT, NH, MA, RI, NY & CT
  • Direct deposit required: Two direct deposits of $500+ each
  • Additional requirements: Three online bill payments or six debit card transactions
  • Hard/soft pull: Soft Pull
  • Credit card funding: Up To $1,000 
  • Monthly fees: $4.95 – $10, waivable
  • Early account termination fee: $25 if closed within six months
  • Expiration date: None specified

The Offer

Direct link to offer

  • Receive a sign up bonus of up to $200 when you open a VISTA Premier Checking Account (or open Pinnacle checking and receive a bonus of $100) with MountainOne Bank (accounts open online do not qualify) and complete the following requirements:
    • Within 60 days of opening your new account, have two direct deposits (each $500 or greater)
    • Within 60 days of opening your new account, make three online bill payments OR make six purchases with your new MountainOne debit card.

mountainone $200 checking bonus

$50 Extra Bonus

Readers are reporting that they actually received an additional $50 bonus into their money market account, not entirely sure what this is for but I’m not going to complain about an extra $50.

The Fine Print

  • Both VISTA Premier Checking and VISTA Personal Money Market required to be opened together
  • Must be a resident of New England or New York State
  • To receive the bonus you need to visit or call any MountainOne bank to notify them that the requirements have been met
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

I wasn’t able to find the fee schedule, so I’m unsure if an early account termination fee is charged or not.

Pinnacle Checking $4.95 Monthly

This fee cannot be waived

VISTA Premier Checking $10 Monthly

Maintain an average daily combined balance of $2,500 in VISTA Premier Checking and VISTA Personal Money Market to waive the $10 monthly fee.

Our Verdict

My main concern about this bonus is that you need to go in branch or call them to tell them that the bonus has been met, which means they presumably manually look at your account to see if this is the case. This means that an ACH transfer might not count as the direct deposit requirement.

If I lived in the service area, I’d give this bonus a go as $200 is relatively high and the bonus requirements aren’t too difficult to achieve (plus it’s relatively easy for me to change my employer payments). If you have any personal experiences with this bonus, please share them in the comments below.

We’ve added this bonus to our complete listing of all savings, checking & business sign bonuses. It hasn’t made our best of list due to the concerns I have above.

Direct link to offer



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J
J

Signed up for the VISTA Premier Checking and Money market. Funded $1000 with discovercard. No hard pull. Instantly received a $50 bonus when the account was opened. Made two $500 deposits and three billpays. Sent an online message when the requirements were met, $200 bonus posted the next day.

Sid
Sid

Fee schedule indicates $25 fee is account closed within six months of opening

Ben
Ben

ALERT — Chase treated the $1000 funding as a cash advance. Billed $50 🙁

Info please
Info please

I also got a $50 signup bonus when the account was opened. so actually it looks like this deal is $250 rather then $200

bank is pretty backwards so far as they haven’t seemed to master automation… even setting up online account access when you get your card isnt instant.

cindy
cindy

I just signed up for this offer – funded with Aviator/MC issued by Barclays. I set my CA to 0 before opening the account – Currently the funding is listed on my CC account as a “purchase” – I’ll report back only if that changes.

David
David

No amex funding.

notify
notify

just to let you know. I completed this promotion and an ACH transfer from another bank counted as a direct deposit. the rep didnt even question it. she just looked for two external deposits and three bill pays very easy. 30 second conversation.

Jason
Jason

Hello, can you advise which bank you ACH from?

Sa
Sa

Data point: Capital one Quicksilver funding posted as cash advance.

Matt
Matt

Data points for funding with Credit Card:

-Chase IHG (MC) was denied for a $1000 charge (with cash advance set to zero)

-Citi Prestige (MC) was approved for a $1000 charge (with cash advance set to zero)

Dan
Dan

Anyone have experience closing the account? Don’t wanna float $2500 for 6 months? Has anyone closed the account before 6 months and actually been charged the $25 early close fee?

Tinker
Tinker

Is there a grace period for $2500? I still don’t have Routing/Acct # yet. Online access don’t show these #s, call in asking for the #s, won’t give over the phone, asked to send in DL …

gil
gil

Can you send a link to the page with monthly fees?

Dave
Dave

I really wonder if anyone has had any experiences taking advantage of this offer outside of the specified area. Somehow I get the feeling that it’s worth a try even though I’m in OH.

Dave
Dave

The offer specifies that you apply in branch only:

“Note: accounts opened online do not qualify for special incentive”

gabe
gabe

Tried to fund 3000$ with Chase marriot and was declined because my cash advance limit was too low-100$. I remember reading on the site somewhere that chase is something coded as cash advance and then change to regular purchase, is that true for this bank?

Dan
Dan

I got the $50 deposited into my Money Market account automatically as well. I think you can add that to the details of the post, so this account is actually for $250 total, not $200.

Jake
Jake

Curious if that $50 was extra beyond the $50 required funding upon opening. When I funded online with a CC, I had to split by $1k to at least include $50 in the Money Market. Not sure what others’ experience has been.

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