Extended to October 31, 2025
Note: The terms state ‘Offer not valid if shared by friends or social connections’, I’d recommend copying and pasting the link into your browser or doing a google search for the offer instead of using the direct link in this post.
Offer at a glance
- Maximum bonus amount: $350
- Availability: PA, NJ, DE or MD
- Direct deposit required: Yes, $500+ within 90 days of account opening
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $6, avoidable
- Early account termination fee: $20, 90 days
- Household limit: One
- Expiration date: July 31, 2025
Contents
The Offer
- WSFS Bank is offering a $350 bonus when you open a new checking account and complete the following requirements:
- Make one qualifying direct deposit totaling $500 or more within 90 days of account opening
The Fine Print
- New consumer checking Clients earn $350 by opening an eligible checking account and making one qualifying direct deposit totaling $500 or more within 90 days of opening the qualifying account. Eligible accounts include WSFS Everyday Banking Checking Account, WSFS Relationship Checking Account, and WSFS Campus Banking Checking.
- $350 will be deposited into the qualifying account within 60 days after the initial 90-day qualification period, provided eligibility is verified and account is open and in good standing. Direct deposits that are eligible include Automated Clearing House (ACH) transactions that WSFS Bank has determined to be compensation for employment or government benefit payments based on the transaction entry description.
- Nonpayroll, tax payments, and other automated payments may not be eligible. Must be a new WSFS Client who does not have signing authority on an existing WSFS Bank account.
- If multiple accounts are opened with the same signers, only one account will be eligible for the bonus. Signing authority will be defined by the name(s) and Social Security Number(s) (SSN) registered on the account.
- Offer eligible to one Client per household.
- Offer valid until July 31, 2025.
- Offer may be extended, modified, or discontinued at any time and may vary by market.
- Offer not valid if shared by friends or social connections.
- The value of the bonus will be reported on Internal Revenue Service (IRS) Form 1099 and may be considered taxable income.
- Clients should consult tax advisor regarding their specific situations.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
WSFS Everyday Banking Checking Account has a $6 monthly fee that is waived with direct deposit or when you maintain a monthly average balance of $500
Early Account Termination Fee
$20 if closed within 90 days according to this.
Our Verdict
If anybody goes for this then please share your experiences with hard/soft pull and credit card funding.
Hat tip to reader Che
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
