Posted by William Charles on October 27, 2018
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Published on October 27th, 2018 | by William Charles

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[Expired] [OH only] Westfield Bank $100 Checking Bonus

Deal has expired, view the best current checking bonuses by clicking here.

Update 10/27/18: Bonus is back and valid until November 16th, 2018.

Warning: They offered a bonus last year and it was mostly a disaster due to out of state applications being allowed and then automatically declined. I’d recommend reading through that thread to know what you’re getting yourself into.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Ohio residents only
  • Direct deposit required: Yes, or recurring ACH debit/credit
  • Additional requirements: Open with at least $250
  • Hard/soft pull: Soft according to CSR
  • ChexSystems: Yes, report of being sensitive
  • Credit card funding: Up to $500. Can fund with American Express, Discover, Mastercard & Visa.
  • Monthly fees: None
  • Early account termination fee: 180 days, bonus forfeit
  • Household limit: One
  • Expiration date: September 8th, 2018 November 16th, 2018

The Offer

Direct link to offer

  • Westfield Bank is offering a bonus of $100 when you open a new Dream Big, Reserve, Simply, Reserve or 50+ Checking account and complete the following requirements:
    • Open with at least $250 in new money
    • A direct deposit or recurring ACH debit/credit must be established

The Fine Print

  • To obtain the $100 (bonus), a new Dream Big, Reserve, Simply, or 50+ Checking account must be opened with an initial deposit of at least $250 on or before September 8, 2018.
  • The new account must be opened with money not currently on deposit at Westfield Bank, FSB, and a direct deposit or recurring ACH debit/credit must be established.
  • We will pay the bonus by crediting $100 to your new Westfield Bank checking account as interest within 10 days of account opening and after the required minimum opening deposit is made.
  • There is a limit of one bonus per household (same address).
  • The bonus will be reported to the IRS as interest income.
  • Your account must remain open for 180 calendar days, or the amount of the bonus will be deducted from the account at closing.
  • Offer available to Ohio residents only.
  • Individual account terms and conditions apply.
  • This offer is not available to individuals who have received a bonus from Westfield Bank in the last 12 months.
  • Variable rates may change at any time without notice. Fees could reduce earnings on this account.
  • This invitation is subject to change or cancellation at any time without notice.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Dream Big checking account has no monthly fees to worry about

Early Account Termination Fee

Account needs to be kept open for 180 days otherwise bonus will be forfeit.

Our Verdict

Ok so last year the bonus was obviously handled poorly and ended up causing all sorts of issues. Now that the fine print says Ohio residents only, it should go smoother. The credit card funding is nice and the requirements for the bonus are easy to meet. Assuming everything goes smoothly this is a good bonus. That’s a big assumption to make, I’ll let readers decide if this deal is for them or not. Once we get some confirmations it’s working as advertised I’ll consider adding it to the best bank bonuses.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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John
John

I’m in state so I’ll go for it and will report back with my experience.

potatoslayer
potatoslayer

Please keep us updated. I live in state but 100+ miles away as I remember they rejected my app last year

Caroline
Caroline

Looks like CC funding is down to $500 (at least for my visa)

Mike
Mike

Yes, 500 for Master card also.

RoamingRedPanda
RoamingRedPanda

PSA – their fee schedule also says accounts closed within 12 months of opening date also incur a $50 charge.

Mike
Mike

I see this also. And there is a non activity fee if no deposit in a year.

Mike
Mike

Application was declined, even though very close to a branch.

Dukie02
Dukie02

Some additional points you will hopefully find useful:
1. The total cc deposit across a checking & savings can only be $500, so no point in opening a savings.
2. The non-activity fee shouldn’t be an issue if you shut down at 12 months, since you’ll have a month of leeway from your opening activities.
3. They have the LONGEST application I can remember filling out for an online checking account! And the most security questions I recall also (7 or 8).

Gino
Gino

Does anyone know if CC funding codes as purchase or CA?

Caroline
Caroline

I can only confirm that my Chase Freedom funding coded as a purchase

Adam
Adam

Upromise mastercard also coded as a purchase.

JB
JB

DP: Signed up 8/8 and botched the CC funding – either AmEx Hilton Biz not eligible, or I mis-typed card info 5 times. Went with $250 opening deposit from PNC checking. Bonus posted 8/14 with zero other input.

Caroline
Caroline

Did this post without receiving and activating your debit card?

JB
JB

Yep. Got the debit card after bonus posted (not sure of the exact date), and I haven’t activated it yet.

Kyle
Kyle

Hmmm, I opened my account on 8/9 with $500 CC funding and still no bonus.

Caroline
Caroline

Same here (opened 8/5), my guess is CC funding doesn’t trigger the funding requirement.

Caroline
Caroline

Had to call in to get this bonus to post. Quite the pain.

Kyle
Kyle

Did you the CC funding trigger the bonus?

Caroline
Caroline

I assume so, I did end up doing a 250 transfer from my Chase account but I don’t think that mattered. When I called they seemed more concerned about the recurring ACH or direct deposit requirement and I had to confirm that my Direct Deposit was from my employer and would be monthly. Might help to do a few transfers, or set up DD, but definitely a case where calling wouldn’t hurt either.

Kyle
Kyle

I sent a secure message. Yeah it appears they are looking for a recurring DD. I am going to transfer money in a couple times to see what happens.

Adam
Adam

Opened 8/6
$500 Credit card deposit posted 8/8
Ally Deposit – P2P – 8/16 – 17.64
Ally Deposit – P2P – 8/16 – 19.45
Bonus Posted 8/24

Have not activated debit card.

Willy
Willy

ChexSensitive. Got immediately notified my app was declined with a score of 0558

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Can confirm they do pull Chex

Andrew Donshik
Andrew Donshik

Has anyone received the bonus yet? Funded on 10/30 w/ 500 dollars, recurring schwab bank ach debit posted on the 3rd, no bonus yet.

Andrew Donshik
Andrew Donshik

update: sm’d after ACH debit, bonus posted, EZ clap

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