Deal has ended, view more bank account bonuses by clicking here.
Update 8/3/23: Extended until September 30, 2023.
Update 7/4/23: Extended through July 31, 2023.
Update 6/30/23: Deal is back and valid until July 30, 2023.
Update 4/29/23: Deal is back until June 30, 2023.
Update 8/22/22: Also available in NJ, map of eligible areas here.
Seems like they are extremely chexsystems sensitive and are also allowing some opening and then shutting down the account a day later for being out of state/too many accounts in the last 12 months.
Offer at a glance
- Maximum bonus amount:Â $400
- Availability: PA, NJ & NY. Map of eligible areas here.
- Direct deposit required:Â Yes, $5,000+
- Additional requirements:Â See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown, sensitive
- Credit card funding:Â No
- Monthly fees:Â None
- Early account termination fee:Â Six months, bonus forfeit
- Household limit:
- Expiration date:Â September 30, 2022
Contents
The Offer
- C&N Bank is offering a bonus of $400 when you open a new checking account and complete the following requirements:
- Use promo code 4FRANKS
- Make an initial deposit of $1,000+
- Receive direct deposits totaling at least $5,000 within the first three months (fine print states: Direct deposits totaling $5,000 over consecutive 3-month period required to receive Bonus)
- Keep account open for at least six months
The Fine Print
- Receive $300 Bonus when you open a consumer checking account with a minimum opening deposit of $1,000 and receive an additional $100 Bonus when you open the account online.
- Use promo code 400BONUS.
- Offer valid through September 30, 2022 for consumer checking account products only (C&N Everyday Checking, C&N Relationship Checking and C&N Merit Checking) and limited to one per primary account owner age 18 or older.
- Direct deposits totaling $5,000 over consecutive 3-month period required to receive Bonus.
- Account must remain open for six months from opening date.
- Payout will occur within 45 days of six-month anniversary of account opening.
- Payouts valid through May 31, 2023. Offer may be withdrawn at any time.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
C&N Everyday Checking Basic Checking has no monthly fees to worry about.
Early Account Termination Fee
Account needs to be kept open for six months otherwise bonus is forfeit.
Our Verdict
Online sign up seems to allow nationwide opening, but all branches are in NY & PA. We need to know if it’s a hard or soft pull and the direct deposit requirement is somewhat confusing as well.
Hat tip to reader Kwan
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
Bonus is churnable! Had to be my own DP.
Round 1:
Open: 8/30/22
Met reqs: 2/28/23 (real DDs)
Bonus paid: 3/7/23
Closed: 3/27/23
Round 2:
Open: 9/29/23
Real DDs
Bonus paid: 4/4/24
Tried to open this a second time today and can’t get passed “Online account opening is currently unavailable”. The trick of clicking continue during the automated ID upload and manually entering the details no longer works.
Account is NOT available nationwide or outside their territory.
DP: attempted to open account online in NY but outside of territory Got a pop-up message:
“We’re sorry for the inconvenience, your zip code is not in our service area to open an account online. Please contact us at 1-877-838-2517 for further assistance.”
Called in and they were also not able to open an account.
Anyone know if this is churnable? Closed on 3/27 and looking to do it again before 9/30 if possible.
how long did the payout take? still waiting on mine after meeting all requirements last month
Per their T&C;
“Payout will occur within 45 days of six-month anniversary of account opening.”
opened 8/30/22 bonus received 3/7/23
Guess will keep on waiting opened in May. Looks like a real six month wait for you all – met requirements in August and I read the terms in the most conservative way possible (DD every month 3 months) and even got a real DD cause these banks are kind of sketch
Looking for referral ost0023 at gmail
Sent you one OST friend
William Charles Therere is also a $50 referral bonus availible, and it looks like it should stack.
https://www.cnbankpa.com/Personal/Bank/Checking-Accounts/Reward
Now just need someone to send me a referral code pleaee:)
I can provide referrals. Unfortunately, C & N doesn’t provide referral codes. I have to provide them with my referee’s first name, last name and email address. Contact me at nasus4421 at gmail.
still trying to figure out if this offer means $5000 over three months for $5000 per month for three months, tried both but missed last month by $50
5000 total over 3 months, got the bonus back on 3/7/2023 after opening 8/30/2022
oss?
There is a new code 4FRANKS valid through July 31 for those in their footprint: https://www.cnbankpa.com/Campaigns/4Franklins
There’s a $3 statement fee in the fine print if you don’t move it to estatements