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Offer at a glance
- Maximum bonus amount: $100
- Availability: NJ & NY
- Direct deposit required: Yes, $250+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Six months, bonus forfeit
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- ConnectOne Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
- Deposit at least $25 at account opening
- Receive a direct deposit of at least $250 within 60 days of account opening
The Fine Print
- You will be paid $100.00 as a bonus within 10 business days of meeting requirements. To earn the bonus, you must deposit $25.00 when you open the account. Additional Requirements:
- You must have a direct deposit made into the account within 60 days of account opening. Your direct deposit must be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer
- Direct deposit must be at least $250.00 per month
- If the account is closed within 6 months after opening, the bonus amount will be deducted the $100 bonus at closing.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
Account must be kept open for six months otherwise the bonus will be forfeit.
Our Verdict
As always we need to find out if this is a hard or soft pull, but it’s a relatively small bonus with a direct deposit required so not that attractive unfortunately.
Hat tip to Beteleguse
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
