[Expired] [ME, NH] Camden National Bank $300 Checking Promotion

Looks like this bonus has expired early!

Offer at a glance

Maximum bonus amount: $300
Availability: ME, NH
Direct deposit required: Yes, $500+
Additional requirements: eStatements
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Up to $500, Visa or Mastercard only
Monthly fees: $5-$20
Early account termination fee: $25, six months
Household limit: None listed
Expiration date: December 31st, 2017

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct link to offer

Camden National Bank is offering a bonus of up to $300 when you open a qualifying checking account, receive direct deposits of $500 or more during your second statement cycle and have eStatements. The bonus you receive depends on the account you open:
- $100 for opening a Simple Promise account
- $200 for opening a Promise Rewards account
- $300 for opening a Promise Premier checking account

The Fine Print

To be eligible for account bonus you must open either a Simple Promise, Promise Rewards or Promise Premier checking account between June 12 and December 31, 2017.
A $100, $200 or $300 bonus will be paid, respectively, if you have direct deposits of $500 or more, of your payroll, pension or government benefits, such as Social Security during your second statement cycle.
Your bonus will be paid within 60 days of meeting requirements.
No signers on the account may be, or have been, a signer on a Camden National Bank consumer checking account within the past 6 months.
Limited time offer, subject to change.
You must be a Maine or New Hampshire resident at account opening.
Account must be maintained in good standing to earn bonus and rewards.
In addition to the direct deposit requirements, to earn cash-back rewards you must be enrolled in eStatements.
Account bonuses and rewards are reported to the IRS as interest income. Other terms and conditions may apply; please contact the bank for further details.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Simple Promise Checking ($5 Monthly Fee – $100 Bonus)

This account has no monthly fees if you have eStatements (also a requirement for the bonus), otherwise a $5 fee is charged.

Promise Rewards Checking ($5 Monthly Fee – $200 Bonus)

This account comes with a $5 monthly fee. This is waived if you do any of the following:

Have an average monthly balance of $100+
Keep a balance of at least $2,500 or more in any combination of qualifying deposit and certificate of deposit balances

Promise Premier Checking ($20 Monthly Fee – $300 Bonus)

This account comes with a $20 monthly fee. This is waived if you do any of the following:

Keep a minimum average balance of $2,500 or more in your account
Keep a balance of $25,000 in total deposit balances
Consumer and residential mortgage loan balances of $150,000 or more

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

Shouldn’t be difficult for people to keep the promise premier checking account fee free so the $300 bonus is easily the best (if you don’t have $2,500 to spare then you might have to go for the $200 bonus). Given that it’s a soft pull this bonus is a no brainer if you live in the target area. Definitely adding it high on our list of the best checking current sign up bonuses.

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