Posted by William Charles on October 21, 2019
Bank Account Bonuses

Published on October 21st, 2019 | by William Charles


[Expired] [Phoenica, NY only] Ulster Savings Bank $200 Checking Bonus

Promotion has now ended, view the best current checking bonuses by clicking here

Update 10/21/19: Deal is back and valid until December 31st, 2019. Hat tip to reader EW

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Available at Phoenica branch in NY only.
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: None
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: June 1st, 2019

The Offer

Direct link to offer

  • Ulster Savings Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements:
    • Direct deposit required, no minimum specified

The Fine Print

  • 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

I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee.

Our Verdict

Always nice to see a bonus with no monthly fees, it’s a shame the bonus is only available at that one branch. We’ve seen a $125 bonus from Ulster Savings Bank previously but that did require a direct deposit. If you live near a branch I do think this bonus is worth doing, if it’s a soft pull to open. Because you have to open this account in branch it should be possible to find out if it’s a hard or soft pull before opening.

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Direct deposit required. “New” checking relationships only. Not sure what “new” means if you’ve had an account in the past. They do offer a free account.


Unbelievable far from NYC… And very few branch


Deal is back and expires 12/31/19

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