Terms say Connecticut residents only
Offer at a glance
- Maximum bonus amount: $400
- Availability: NY, CT, VT, RI, MA, ME, NH
- Direct deposit required: Yes, no minimum
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $100, 180 days
- Household limit: None listed
- Expiration date: December 31, 2025
Contents
The Offer
- Ascend Bank (formerly Guilford Savings Bank) is offering a $400 bonus when you open a new checking account and complete the following requirements:
- $200 to open checking for 6 months (“Access” named accounts only, with promo code “Ascend400”)
- $100 to receive a direct deposit within 30 days
- $100 to open “Spring Savings” account within 30 days
The Fine Print
- Up to $400 Consumer Checking Offer: Offer available when you open a new Access Checking, Preferred Access Checking or Prime Access Checking account.
- You must enter promotion code “Ascend400” if opening online or mention the promotion to a banker when opening at any Ascend Bank branch.
- Account must remain open for 180 days to receive the $200 statement credit.
- Get $100 for making a direct deposit within 30 days of opening your account.
- Eligible direct deposits are electronic automated clearing house (ACH) deposits. Examples of eligible direct deposits include, but are not limited to: payroll, Social Security, pension and government benefits.
- Deposits made through a teller, ATM, or the Ascend Bank mobile app are ineligible direct deposits. Get $100 when you open a Spring Savings account within 30 days of opening a qualifying checking account.
- May be subject to 1099 reporting.
- Account holder is responsible for all applicable taxes.
- Offer valid through December 31, 2025, and may be withdrawn at any time.
- Limit 1 offer per person.
- New & existing customers are eligible, but funding may not come from a current Ascend Bank account.
- Rates on all balances subject to change based on future market conditions.
- Accounts subject to approval.
- $50 minimum to open any personal checking account. View full account details at https://ascend.bank/personal/bank/checking.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Early Account Termination Fee
Account must remain open for 180 days to receive the $200 statement credit
Our Verdict
Not sure how accurate the state availability is after the name change. Share your experiences in the comments below.
Hat tip to reader Brockrr
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
