Published on April 10th, 2014 | by William Charles3
[Expired][ME, MA & NH Only] Bank of Maine $250 Checking Account Sign Up Bonus
You can earn up to $250 from the bank of Maine for opening a promise rewards checking account and completing the following requirements:
- $50 bonus if you complete 10 debit card transactions that post as a credit
- $100 bonus if there is an active direct deposit hitting your account by the end of the second month of account opening
- $100 bonus if you have at least 5 bill payments to five different payees of $25 or more, which must post and clear within your second statement period
You also get a 10¢ bonus on all debit card transactions that post as a credit if you have a recurring direct deposit that clears your account with that statement cycle.
The Fine Print
- Only available to those in Maine, Massachusetts & New Hampshire
- $25 minimum deposit to open the account
- Maximum of $30 from the 10¢ bonus
- Rewards and bonuses are all reported to the IRS (this is required by law for all checking account bonuses)
- The main account holder cannot have held an account with the Bank of Maine within the last six months
- No expiration date
Bank of Maine doesn’t post their fee schedule online. I was able to get access to one by e-mailing their support staff. You can view it by clicking here.
No Monthly Account Service Fee
This account does not come with a monthly service fee.
Early Account Termination Fee $25
If you cancel your account within 90 days of account opening you will incur an early account closing fee of $25.
Personally I’d stay clear of this offer.
It may have already expired (at least the ski for free portion expired on the 21st) and it’s impossible to view the general fee schedule on their website (we have confirmed with a representative from Bank of Maine that this offer is still valid) We also don’t have any information on what does and doesn’t count as a direct deposit, whether you can fund with a credit card and if it’s a hard pull or not. As above, we have confirmed this is a soft pull and you can fund with a credit card. We will update this post again when we know how much you can fund it with.
This card has the option for over draft protection, if you do decide to go for it we suggest opting out of this to avoid a hard pull on your credit report.