Posted by William Charles on February 20, 2017
Bank Account Bonuses

Published on February 20th, 2017 | by William Charles

278

[Expired][OH only] Westfield Bank $100 Checking Bonus – No Requirements For Bonus

Update 5: Offer has now been completely removed

Update 4: It looks like if you’re based outside of Ohio and signed up, your account will be automatically denied.

Update 3: Reps are now saying this bonus is restricted to Ohio only

Update 2: Seems to be working but they just can’t handle the load…

Update: Online account opening is no longer working. Will update when it is again, you’ll get the following error:

Online Account Opening – System Unavailable

We are sorry. The Online Account Opening system is experiencing technical difficulties. Our team is working on resolving the issue. Please, try refreshing this page or come back later.

Thank you for your patience.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Nationwide Ohio only & US Citizens and Green Card holders only
  • Direct deposit required: No
  • Additional requirements: Minimum opening deposit of $100
  • Hard/soft pull: Soft according to CSR
  • ChexSystems: Unknown
  • Credit card funding: Up to $2,500. Can fund with American Express, Discover, Mastercard & Visa.
  • Monthly fees: None
  • Early account termination fee: 180 days, bonus forfeit. Also $50 fee charged if closed within 12 months & $5 $5 per month inactivity fee after 396 days without any deposit activity.
  • Household limit: One per address
  • Expiration date: March 13th, 2017

The Offer

Direct link to offer

  • Westfield Bank are offering a sign up bonus of $100 on their Dream Big checking account when you complete the following requirements:
    • Open with at least $100
  • You can also receive a bonus APY rate of 1.66% when on balances up to $15,000 when the following requirements are met:
    • At least 12 debit card transactions per statement cycle
    • Be enrolled in online banking & eStatements
    • Receive at least one direct deposit OR one automatic payment per statement cycle

westfield bank

The Fine Print

  • To obtain the $100.00 (bonus), you must open a new Dream Big Checking account with an initial deposit of at least $100.00 on or before March 13, 2017.
  • The bonus will be credited to the account within 10 days of the account being opened with required minimum opening deposit.
  • The new account must be opened with money not currently on deposit at Westfield Bank, FSB.
  • The new account must remain open for al least 180 calendar days, or the amount of the bonus will be deducted from the account at closing.
  • There is a limit of one bonus per household (same address).
  • The amount of the bonus will be reported to the IRS.
  •  The qualification cycle begins on the last day of the previous statement cycle and ends on the last business day before the next statement cycle ends.
  • The statement cycle ends on the 25th of each month.
  • If the 25th falls on a weekend or bank holiday, the statement cycle would end on the previous business day.
  • An individual business determines the timing of processing its POS transactions.
  • Therefore, the bank has no control over the date items post to an account.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no monthly fees on this account, you do need to keep it open for 180 days otherwise the bonus will be clawed back. Also $50 fee charged if closed within 12 months & $5 $5 per month inactivity fee after 396 days without any deposit activity.

Our Verdict

This is a pretty crazy deal, they used to be Ohio only but now they are nationwide (and this has been confirmed with their customer service representatives that this isn’t an error). The fact there is no bonus requirements and you can fund with a credit card makes this a great deal.

My main concern is that this deal is a bit too good, in the past with similar deals we have seen the financial institution try to change terms/requirements/restrictions on the fly after an unexpected flood of applications. Something people should be aware of. Fingers crossed everything goes fine with this promotion. Other thing worth mentioning is you don’t get your account details immediately.

I’ll most likely add this to our best checking bonus page in a few days time if everything is still tracking as expected.

Big thanks to reader, Gadget Geek via Deposit Accounts who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Lc
Lc

How do we know cc fund at least $1000? Any idea if chase or Citi would work?

Matt K.
Matt K.

Any reason to caution using an Amex? Or just the one CSR funding DP? Drop down options include Visa/Mastercard/Amex/Discover.

Craig
Craig

Max funding is $2500. Can fund with AMEX, Discover, MC, Visa.

Open the floodgates…

Jordan
Jordan

Do you know if funding it with an AMEX just to hit the min spend would get me into any trouble?

anthonyjh21
anthonyjh21

Honestly I wouldn’t. There’s a data point/thread on Reddit from last week of someone having all bonuses that were MS’ed being retroactively clawed back. Granted they probably caught on because he applied for a card through a leaked link, but still, it goes to show that you’re never safe with an Amex bonus if you MS’ed in any way to earn it. I’m going the Plastiq route and paying my mortgage. They can’t claim it’s a cash equivalent, whereas this one obviously is.

Peter
Peter

I decided to put through at only $2400 – go a little bit under the limit. We shall see what happens :-). The wording on the confirmation page seems to imply they manually review each application.

Tory
Tory

Damn, I’m waiting for 2 Amexes to arrive in the next day or two. I predict by the time I get them this will be shut down.

Peter
Peter

“Dear Peter,

Thank you for sending us your application for the following product(s):

Dream Big Checking

You will receive an email in a few days when your application has been processed. If you have any questions before then, give us a call at 800.368.8930.

Thanks and have a great day.

Westfield Bank

Customer Resource Center”

alazyguy
alazyguy

Anyone know if Citi AA Platinum codes as Purchase of Cash Advance?

Dave
Dave

Call them and drop you cash advance limit. I’ve had bad luck with Citi but always been safe with Chase. I think some others have had luck with Citi though

nick
nick

Website seems really poor.

Kenneth
Kenneth

Just applied for an account and funded with a Fidelity VISA with $2,500 (max funding is $2,500). Let’s see what happens.

There’s also a closeout fee of $50 if the account is closed within 12 months of the opening date and a $5 per month inactivity fee after 396 days without any deposit activity.

Steve
Steve

“Online Account Opening – System Unavailable

We are sorry. The Online Account Opening system is experiencing technical difficulties. Our team is working on resolving the issue. Please, try refreshing this page or come back later.

Thank you for your patience. “

Matt K.
Matt K.

I got that message but when hitting refresh it actually brought through to the next screen. Think I had to do this 2 or 3 times but eventually got through.

MJG
MJG

Same here. Refreshed once and it went on to the next page.

JT
JT

“Online Account Opening – System Unavailable

We are sorry. The Online Account Opening system is experiencing technical difficulties. Our team is working on resolving the issue. Please, try refreshing this page or come back later.

Thank you for your patience.”

She croaked.

jackgopack4
jackgopack4

Yeah gave it the ol’ churner hug of death

Ben
Ben

Got this message: Online Account Opening – System Unavailable

Anyone else?

Mark M.
Mark M.

Despite the system issues, I was able to get an application submitted. Funded $2,500 with CFU. Sounds like the application needs to be manually reviewed before being approved.

“Congratulations!
Your application has been successfully submitted. Below is a summary of products that have been successfully opened or are pending review by our staff.
Summary of Products Pending Review
Dream Big Checking
Initial Funding Amount: $2500.00”

Wes
Wes

They run Chex, mine was declined prob due to address change or too many Chex inquiries.

Dustin
Dustin

It must be getting hit hard. It keeps crashing.

MJG
MJG

Just opened this account. Decided to say screw it and go for the gold, so I put an initial deposit of $2K on an Amex Biz Plat I’m trying to meet minimum spend on. Got an email from Amex saying large purchase approved. Will let you know if the bank rejects it on review or if it codes as cash advance later, but as of now it seems to have all gone through.

Matt K
Matt K

I went with my Amex Delta biz gold I’m working on min spend. My app went pending as well but my cash advance limit is $2k and my Amex account shows a $2500 pending charge. Looking good on credit card side at least.

Dave
Dave

good data point. I thin I’m going to give the good ole SPG a try when I get it tomorrow. Hopefully the deal doesn’t close

Brett
Brett

Gonna pass on this one. The website looks like something from 1998. Thanks for the heads up though.

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