Offer at a glance
- Maximum bonus amount: $300
- Availability: NY only
- Direct deposit required: Yes, in 2nd and 3rd month account is opening
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown, sensitive
- Credit card funding: Unknown
- Monthly fees: $8, avoidable
- Early account termination fee: $35, six months
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Canandaigua National Bank is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Use promo code 300SWITCH to open a Optimum or e-ssentials checking account
- Enroll in e-statement within the first 30 days.
- Initiate direct deposit with at least one direct deposit in the 2nd and 3rd month the account is open.
- Complete five (5) Point of Sale (POS) Debit Mastercard® debit card transactions in the 2nd and 3rd month the account is open.
The Fine Print
- This promotional offer is valid only to new Optimum or e-ssentials Checking Accounts opened online with a valid offer code.
- To be eligible, the following must occur within the first 90 days following account opening:
- First 30 days: e-statement enrollment. Days 31-60: one (1) direct deposit and five (5) POS Debit Mastercard® transactions.
- Days 61-90: one (1) direct deposit and five (5) POS Debit Mastercard® transactions. If this eligibility requirement is satisfied, your Optimum or e-ssentials Checking Account will be credited in the amount of $300 within 60 days of meeting the eligibility criteria.
- Accountholder assumes tax reporting responsibility.
- The reward is not available for Optimum or e-ssentials accounts that result from the conversion of any existing checking account
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
e-ssentials Checking has the following monthly fees:
- With direct deposit and e-statement: $0
- With direct deposit or e-statement: $3
- With neither direct deposit nor e-statement: $8
Early Account Termination Fee
$35 if closed in 6 months
Our Verdict
Annoying that the requirements need to be met over multiple months but still worth it for a $300 bonus.
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
