Update 10/15/22: Deal is back and valid until December 31, 2022. Only valid at their 4240 Albany Post Road, Hyde Park branch.
Update 1/5/22: Extended through March 30, 2022.
Update 12/11/21: Deal is back and available in more branches this time: Hyde Park, Poughkeepsie, Red Hook, New Paltz, Gardiner, Newburgh, Wappingers Falls and Kingston (Wall Street).
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â Available at Hyde Park, Poughkeepsie, Red Hook, New Paltz, Gardiner, Newburgh, Wappingers Falls and Kingston (Wall Street)
- Direct deposit required:Â Yes, no minimum specified
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â
June 1st, 2019December 31, 2021December 31, 2022
Contents
The 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
- This offer is good for new personal checking accounts opened through December 31, 2021.
- Recurring payroll, social security or pension direct deposit must be active within 90 days of opening your new checking account in order to receive $200 bonus credit to your new USB checking account.
- You must be 18 years of age to open this account. Bonuses are considered interest and will be reported on IRS Form 1099-lNT.
- Offer available with new checking account relationships only.
- Offer does not apply to accounts opened online. Other conditions may apply.
- 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.
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
