Posted by William Charles on June 14, 2017
Bank Account Bonuses

Published on June 14th, 2017 | by William Charles

29

[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

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.

Useful posts regarding bank bonuses:



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Zjcalo
Zjcalo

Data Point: Up to $500.00 credit card funding with Visa or MC only

Amanda
Amanda

Did it code as a purchase or cash advance? And which card did you use? I’m wanting to use a Visa but only if it codes as purchase.

Zjcalo
Zjcalo

It actually just showed up on my credit card and it coded as a purchase.

I used a Chase Ink Business Cash card, so YMMV on other cards

Joey
Joey

Data Point: Citi AA Platinum posted as purchase

Michael Carter
Michael Carter

This says the early account termination fee is only $5… Can anyone confirm that is correct? I’ve never seen such a low fee, just wanted to make sure it wasn’t a typo ($50 sounds more typical).

Mike
Mike

Is there a promo code you’re supposed to use? When you select the account type, there’s a space to enter a promotional code.

larry
larry

“CamdenHome” for a free Google Home device. Not sure if you can double dip promo’s.

Mike
Mike

I spoke with a rep from Camden National Bank and confirmed that the early account termination fee is $25 if the account is closed within 6 months of opening (not $5 like the post suggests)

Harsh
Harsh

What if you convert to a fee-free no minimum balance product? Do you still get charged the $25 fee?

larry
larry

Folks be real careful with account balances with this bank. Less than 20 days into having my account open they hit me up with a $20 service fee claiming I did not meet the balance requirements. I had the required balance in there a week after opening up account and about 10 days after that came the fee.

Harsh
Harsh

They didn’t give you a grace period? Did you get them to waive it?

Sexy_Kitten7
Sexy_Kitten7

500 ACH triggered bonus 🙂 Unfortunately don’t know which (Venmo, Chase, Cap360). All listed as Credit and have PPD in title. Chase says Ext Trnsfr as well.

Dan
Dan

how quickly after deposit did your bonus post? did you do during the second statement cycle like the bonus stipulates? also was your deposit from capital one checking or savings? I did capital one checking and it does not say PPD (only the trial deposits do).

Sexy_Kitten7
Sexy_Kitten7

Yes 2nd stmt. Cap360 was from checking. Opened 6/21, posted 7/31 🙂

Dan
Dan

actually my capital one checking DD did end up adding the “PPD”, so that should count as a DD. I just need to do it during the second statement cycle now. will report back.

I entered the google home code as well during sign up. Ill be inquiring about that after i secure the $300 bonus, but interested to hear if anyone has had success with that

larry
larry

My bonus posted as well. The DD hit just prior to the end of the second statement cycle with a day to boot. I was real worried…phew! On a side note, I got that $20 fee reimbursed when I call in about it.

Harsh
Harsh

Hi larry. Did you also get the free Google Home device?

Harsh
Harsh

Any data point on the 15 cent cashback reward (up to $50 per month) on each “qualified” debit card purchase? What counts as qualified? Do they shut you down if you try to MS it?

Harsh
Harsh

The bonus is gone!

Joey
Joey

just a PSA for everyone,

I missed out on the $300, because the direct deposit arrived on the 1st statement cycle (I was 2 days early). Your direct deposit MUST arrive on the 2nd statement cycle, don’t make the same mistake I made.

Dan
Dan

Here is my info:
-opened on 8/29
-first statement date was 8/31 (odd how just after opening)
-Sent DD from capital one 360 checking on 9/6 (so during the second statement cycle), displays as “CAPITAL ONE N.A.CAPITALONEPPD”
-Bonus ($300) received on 10/1

Dan
Dan

Has anyone had any luck downgrading to the free account after receiving bonus? As others mentioned, I was also charged the $20 account fee, even though I transferred in $2500 as soon as possible (8 days after opening). It sounds like calling to get that refunded should be no problem though.

Now that I received the bonus, I’m going to secure message and ask about the googleHome, cause I put that code in my application, but wanted to receive the money before pushing for that.

Dan
Dan

$20 fee refunded via chat, no need to call in

Dan
Dan

was told no on the googlehome, claimed that was an old promotion and that me receiving the $300 was the alternative to that promotion

Mike
Mike

Typo found in the avoiding fees section—under the “Promise Premier Checking” section, the title says the monthly fee is $20, but the paragraph underneath says the monthly fee is $5 ($20 is the correct number)

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