[Expired] [PA & MD only] ACNB/NWSB $400 Checking bonus

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

Reposting as this is also available in MD through NSWB. Thanks goes to YAR for finding this.

Offer at a glance

• Maximum bonus amount: $400
• Availability: PA/MD only only, have to go in branch even if you open online. Branch locator here for PA & here for MD. Must live close to a branch as well, one report of being denied and being within 30 miles.
• Direct deposit required: Yes, $1,500-$4,000
• Additional requirements: See below
• Hard/soft pull:  Soft
• ChexSystems: Doesn’t pull
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: Account must be kept open for one year to get the full bonus, if closed within first 120 days you will forfeit the first $100 bonus
• Household limit: One
• Expiration date: May 31st, 2018

The Offer

Direct link to offer: ACNB (PA only) or NWSB (MD only)

• ACNB is offering a bonus of up to $400 when you open a new CareFree checking account. The bonus is broken down as follows:
  1. $100 for establishing reoccuring direct deposits limited to Social Security, pension or payroll. A minimum of $1,500 in direct deposits must be received within the first 60 days
  2. $100 is deposited at the year anniversary as long as the account is active (at least one transaction per month), receives eDocuments and maintains a qualifying direct deposits
• To get $400 you need to do all of the above but the direct deposit must be at least $4,000 within the first 60 days (bonus is broken down as $200 and $200 rather than $100 and $100)

The Fine Print

• Offer valid March 1, 2018 through May 31, 2018, but is subject to change without notice.
• This offer cannot be combined with any ongoing offers, promotions or discounts.
• $200 Cash Gift: Offer does not apply to existing ACNB Bank personal checking account customers. The first $100 gift is deposited after completing the following steps within the first 60 days of opening a new CareFree Checking account: (1) *Establish reoccurring direct deposits limited to Social Security, pension or payroll. A minimum of $1,500 in direct deposits must be made within the first 60 days of account opening. (2) Establish and log into Online Banking. (3) Enroll in eDocuments. (4) Establish a MasterCard® debit card and conduct 10 unique transactions. It may take more than two days for a transaction to post and clear. A $100 early closure fee will apply if the account is closed within the first 120 days of account opening.
• The second $100 is deposited at the year anniversary of the account as long as the account is active, meaning at least one transaction per month, has a positive average monthly balance, receives eDocuments, and maintains a qualifying direct deposit.
• Limit of one $200 gift per account and per household/address.
• Gift will be deposited in the new account after steps have been verified.
• $400 Cash Gift: With an increased cash gift, this offer includes all of the same parameters mentioned above, but requires a direct deposit of $4,000 within the first 60 days and as long as the account is active.
• The second $200 will be paid as long as the account is active as defined above except for the minimum for the direct deposit.
• Customer may be subject to 1099 MISC reporting. C
• CareFree Checking: No minimum deposit to open account.
• No minimum balance requirements.
• No monthly account maintenance fees.
• Other fees may apply such as overdraft, stop payment or ATM fees. See fee schedule.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees to worry about. If the account is closed within the first 120 days then you forfeit the $100/$200 bonus.

Our Verdict

We’ve seen them offer a $200 bonus in the past, I like this bonus a lot more due to the $400 option. The downside is needing a direct deposit active for a year to get the full $400. Even if you just did the $400 bonus and got the first $200 of it though it’s a good deal. This will be better for those that can easily change their real payroll (especially if you can split it). Another downside is having to go in branch even if you open online. I will add this to our best checking bonuses though as $200/$400 is one of the larger bonuses available.

 

Hat tip to Danny Deal Guru

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