[Expired] [ME, NH] Camden National Bank $200 Checking Bonus, Direct Deposit Not Required

Deal has ended, view more bank account bonuses by clicking here.

Update 2/18/24: Deal is back and valid until April 12, 2024.

Update 6/10/23: Deal is back until June 23, 2023. Hat tip to LEGOProBuilder

Offer at a glance

• Maximum bonus amount: $200
• Availability: ME, NH
• Direct deposit required: None
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $500, Visa or Mastercard only
• Monthly fees: None – $20, all avoidable
• Early account termination fee: $25, six months
• Household limit: None listed
• Expiration date: June 10, 2022

The Offer

Direct link to offer

• Camden National Bank is offering a bonus of $200 when you complete 10 debit card purchases 5 purchases and $500 in direct deposits within 60 calendar days of account opening
• $100 savings or money market account bonus. When you deposit at least $10,000 in new money within 20 calendar days of account opening.

The Fine Print

• For a debit card purchase to be “complete” the purchase must post to the account within 60 days of account opening (a pre-authorization has not “posted” and does not qualify).
• To be eligible for the account bonus you must open either a Choice, Rewards, or Premier checking account between March 7 and June 10, 2022.
• Offer valid for ME and NH consumers, at least 18 years of age, who have not been an owner of a Camden National Bank consumer checking account during the past 12 months.
• The minimum account opening deposit is $25.
• If you complete 10 debit card purchases within 60 calendar days of opening your account, the account bonus as stated above will be direct deposited to your account within 90 calendar days of the qualifying purchase.
• Account must be open, active and not overdrawn at the time the bonus deposit is made.
• Overdrawn includes, but is not limited to, any utilization of any Progressive Pay amount that may be available to you.
• One bonus payment per account or individual.
• Account bonuses are reported to the IRS as interest income.
• This offer cannot be combined with any other offer.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Choice checking ($100 bonus)

This account has a $3 monthly fee. This is waived with a $100 minimum average daily balance.

Premier checking ($200 bonus)

This account has a $20 monthly fee, this is waived if you do either of the following:

• Keep a minimum average daily balance of $2,500 or more in your account
• keep a balance of $25,000 in total deposit balances

Early Account Termination Fee

There is an early account termination fee of $25 if you close the account within 6 months of account opening.

Our Verdict

Previously the best bonus was $300, but it required a direct deposit. This is a smaller bonus but no direct deposit requirement that some people may prefer.

Hat tip to snailrock

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