[Expired] [NY & CT only] Ridgewood Savings Bank $300 Checking Bonus

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

Offer at a glance

• Maximum bonus amount: $300
• Availability: NY & CT
• Direct deposit required: Yes, $300+
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Unknown, sensitive. Seems you can get around them being sensitive by applying in branch
• Credit card funding: Cannot be funded with a credit card
• Monthly fees: $0
• Early account termination fee: None
• Household limit: None listed
• Expiration date: December 16, 2024

The Offer

Direct link to offer

• Ridgewood Savings Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
  • Receive $300+ in qualifying and recurring direct deposits

The Fine Print

• Bonus Offer is available from September 9, 2024, through December 16, 2024 (“Promotion Period”) for consumers who (a) do not currently hold a Ridgewood checking account either personally or as joint owner, (b) did not have a Ridgewood checking account either personally or as joint owner in the three-month period prior to opening the required account under this offer, and (c) open a new personal checking account during the Promotion Period that satisfies the applicable offer criteria set forth below (an “eligible customer”).
• Customer(s) must be an eligible customer and meet all existing checking account qualification requirements to qualify for this offer and must maintain a checking account in accordance with the Bank’s account terms, conditions and Disclosure of Service Charges.
• Minimum of $300 or more in qualifying and recurring direct deposits to be eligible for the bonus.
• The $300 bonus earned in accordance with the requirements of this offer will be credited to the new checking account within 180 days from account opening.
• The first direct deposit must be made within 90 days and the last qualifying direct deposit must be received within 150 days of new checking account opening date.
• Each eligible customer may only receive one bonus award.
• This offer cannot be combined with any other offer.
• Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security). Person-to-person and bank transfers between your Ridgewood Savings Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.
• Payments received for goods sold do not qualify. The value of the bonuses paid under this promotion is considered interest, and Ridgewood Savings Bank will issue an IRS Form 1099-INT or other appropriate form.
• Offer may be withdrawn or modified at any time without notice.
• Ridgewood Savings Bank employees and immediate family members are not eligible to participate in this offer.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Free green checking has no monthly fees to worry about.

Early Account Termination Fee

I couldn’t find any mention of an early account termination fee in their fee schedule, so I’m going to assume there isn’t one.

Our Verdict

Been awhile since we have seen a bonus from Ridgewood, last time it was $250-$350 but the requirements were more difficult and harder to keep fee free. This bonus seems relatively easy especially considering it’s for $300. Added to the best bank bonus page.

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