[NY Only] Maspeth Federal Savings $400 Checking & Savings Bonus

Offer at a glance

• Maximum bonus amount: $400
• Availability: Queens, Brooklyn, Suffolk, and Nassau counties in NY, as well as St. Johns University students
• Direct deposit required: Yes, 3 direct deposits $300+ within 120 days
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Maspeth Federal Savings is offering a bonus of up to $400.
  • Receive $300 when you:
    • Open your first MFS checking account
    • Use promo code NEW300PROMO
    • Set up direct deposit in your checking account and have 3 qualifying direct deposits of more than $300
  • Receive $400 when you:
    • Open your first MFS checking and savings account
    • Use promo code: NEW400PROMO
    • Set up direct deposit in your checking account and have 3 qualifying direct deposits of more than $300 and maintain $100 in your savings account

The Fine Print

• 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

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Don’t see any reason why you shouldn’t do the higher $400 bonus, only difference is you need to open a savings account at the same time as well. Please share if it’s a hard/soft pull in the comments below.

Hat tip to reader Massacrater

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