[Expired] [MA or NH] Salem Five $250 Checking Bonus

Deal has expired, view more checking bonuses by clicking here

Update 8/16/19: Now only available in MA or NH.

Offer at a glance

• Maximum bonus amount: $250
• Availability: Nationwide Now available in MA or NH only
• Direct deposit required: Yes, cumulative deposits of $1,500 within 60 days of account opening
• Additional requirements:
• Hard/soft pull: Hard
• ChexSystems: Unknown, sensitive
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: 9/30/19 December 31st, 2019

The Offer

Direct link to offer

• Salem Five Direct is offering a bonus of $250 when you open a new The Open checking account and complete the following requirements:
  • Use promo code OPEN
  • Receive cumulative direct deposits of $1,500 or more within 60 days of account opening and receive a $200 bonus
  • Complete 50 debit card transactions and receive a $50 bonus

The Fine Print

• Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security) from your employer or government. Person-to-Person and bank transfers between your accounts or accounts you have at other financial institutions or brokerages do not qualify.
• 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

There is no early account termination fee according to the fee schedule

Our Verdict

Probably not worth considering due to the hard pull. Previously the best bonus was $150. This bonus is better, but to get the full $250 you do need to complete 50 debit card transactions and that’s very annoying. I probably won’t add this to the best bank bonus page due to the hard pull.

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