[NY] Walden Savings Bank $250/$300 Checking Bonus, Direct Deposit Optional

Update 6/28/25: There is also a $300 bonus but that requires a $1,000 direct deposit or $1,000 in debit card purchases.

Offer at a glance

• Maximum bonus amount: $250
• Availability: NY
• Direct deposit required: Optional
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown 
• Monthly fees: None
• Early account termination fee: Six months, bonus forfeit
• Household limit: None
• Expiration date:December 31, 2024

The Offer

Direct link to offer

• Walden Savings Bank is offering a bonus of $250 when you open a new checking account and complete the following requirements:
  • Use promo code Walden Way
  • Complete one of the following within the first 60 days:
    • Establish a monthly direct deposit of $500 or more
    • Perform debit card purchases totaling a minimum of $500 or
    • Set up and process automatic payments from their WSB loan
  • Be enrolled with online/ mobile banking

The Fine Print

• To receive the $250 bonus, customer must open and maintain a new Walden Savings Bank Checking Account and complete one of the following within the first 60 days after account opening: 1. Establish a monthly direct deposit of $500 or more 2. Perform debit card purchases totaling a minimum of $500 or 3. Set up and process automatic payments from their WSB loan. Additionally, customers must be enrolled with online/ mobile banking.
• One bonus per customer with no additional or previous checking accounts at Walden Savings Bank within the past 2 years.
• Bonus will be deposited into your primary checking account within 30 days of requirements being met and is subject to IRS reporting.
• Offer valid through December 31, 2024.
• This offer is subject to change or terminate at any time.
• Cannot be combined with any other offer.
• Should the account be closed within six months by the customer or Walden Savings Bank, the $250 account bonus will be deducted from the closing amount.
• 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

Bonus forfeit if closed within six months of account opening

Our Verdict

Always nice to see such a big bonus with no direct deposit required.

Hat tip to Bockrr

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