Offer at a glance
- Maximum bonus amount: $100
- Availability: Bonus is for intended recipitent only, but it is being advertised in branch. Branches are in DE, MD, NJ, PA, & VA [Branch locator]
- Direct deposit required: No
- Additional requirements: Deposit $500 and have it on deposit at the 60 day marked
- Hard/soft pull: Soft.
- ChexSystems: Yes.
- Credit card funding: None.
- Monthly fees: $6, avoidable
- Early account termination fee: None listed
- Household limit: One
- Expiration date: December 22nd, 2017
The Offer
Direct link to offer. Important to note it says for the intended recipient only, but it is being advertised in branch as well apparently.
- Open a new Fulton Bank savings account and receive a bonus of $100 when you complete the following requirements:
- Deposit $500, must have $500 on deposit after 60 days after account opening
The Fine Print
- This offer is valid for new consumer savings accounts.
- All money deposited at account opening must be new money to the bank.
- Promotion is limited to one $100 cash bonus per household/address.
- Fulton Financial Corporation employees and immediate family members sharing a household are not eligible.
- May not be combined with any other offer. Offer may be withdrawn without notice.
- This offer is valid when you open a new consumer savings account between October 30, 2017 and December 22, 2017.
- We will credit one $100 bonus to your savings account if 60 days after account opening you have a new money balance of at least $500.
- New money is defined as funds not on deposit with Fulton Financial Corporation at time of account opening.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is a $6 monthly fee on the statement savings account, this is waived with a $100 minimum daily balance.
Early Account Termination Fee
I can find no references to an early account termination fee on their website, nor other websites covering bank bonuses.
Our Verdict
We’ve seen checking bonuses for $150 from Fulton before, but never a savings bonus. This seems super easy to complete, I wonder if online applications will work for people who didn’t receive the e-mail? Probably not, but worth considering I guess. I’ll likely add this to the best savings sign up bonuses if other readers can confirm being able to get this offer in branch.
Big thanks to reader, ChurningFast who let us know. Learn how to find bonuses and contribute to the site here.
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
Well there’s just a few days left and I’m going for it! There’s a branch near me, but instead I’m using the online link in hopes that the code gets attached to the application.
My online application was “conditionally approved” so I printed the signature card to mail in, along with my check to fund the account. (I figured mailing a check might be faster than funding from an external account, because the instructions said they can’t start an external transfer until they get the signature card anyway.) I’m hopeful that by applying today 12/18 and mailing my paperwork tomorrow 12/19, the account will meet the “open by 12/22” requirement.
Contrary to the write-up above, I don’t think depositing $500 is required (this is not mentioned in the offer’s fine print); apparently you just have to grow the account to $500 within 60 days. I’m going to fund with just $100 to meet the minimum balance requirement, then I’ll put more in during the next month or so.
(DanGer, thanks for the tip about the secret word!)
Update: After Fulton received my signature card and opening check, the banker called me to ask if I had gotten an email or mailer about the offer, since the offer was supposed to be targeted to existing customers. He said politely that because I wasn’t an existing customer and could not show that the offer was sent to me, I would not be eligible for the offer. I said if there was no bonus then I didn’t want to open an account at this time. Oh well.
Just some tips I learned from opening this over the summer that you all may not need if smarter or more attentive than me.
If you apply online, WRITE DOWN YOUR SECRET WORD. It is required to access online banking. I don’t even remember creating it. Any word brought to mind by the hint did not work. You get one chance per day to guess and if you are wrong, you have to call in to a special department to get your account reset so you can guess again the next day.
Every representative that I have spoken with has been really pleasant and did their best to be helpful, but the policies and my own lack of attention to detail has left me locked out of online banking for the account I opened in July.
This is all moot if you have a physical branch to visit! There is not a branch near me but still received the bonus (good DP) using true direct deposit (not so helpful DP).
I used my mailed statements to verify my balance, that I received my bonus, and to pull the funds using credit card bill pay. Old school banking!
Just came back from a Fulton branch in Pennsylvania. No advertising of this in branch and when I talked to the folks there I was told they did not have a savings promotion for the general public. I was also told they might have one if I received a specific mailer sent to me. Oh well. I did not open an account.
I am a little leary about biting on this, because I had issues getting them to cough up the $150 for the checking this summer. These are the grey area offers that people sign up for, then flood the bank with calls when they don’t get paid.
I might swing into the branch, because the link very clearly says targeted.
Keep us updated if you go for it.
yeah me too. took 4 months after dd requirement is met to receive the checking account bonus
I wasn’t targeted via email, but decided to open an account anyway. I’ll need to mail in a signature card before they can process my opening deposit. I’m not hopeful I’ll receive the bonus, but this website has me so addicted to bank bonuses and I need my next fix! This will be my 43rd bonus-chasing account opened this year (2 player mode), and I’m at 60+ if you include Insight, CDs, etc. Eek!
Thanks Avi. Please report back.
Will do!
Thanks, Avi!
Any updates?
They’ve informed me that my email isn’t on the list of people they sent the offer to, so they want me to forward them the email if I want to receive the bonus. Safe to say this offer is actually targeted and I didn’t receive the bonus because I wasn’t targeted.
Update: I just received a call from Fulton Bank just letting me know that my account has been approved and that the next step is for me to send them the signature card so they can officially open the account and process my initial deposit. I asked the banker to confirm that the promotion I saw on the website ($100 bonus for having $500 in the account after 60 days) was linked to my account, and he said he sees that I received the promotion email (I didn’t) and he’ll have to check with his supervisor to make sure it’s linked to my account and get back to me. Unsure if this means they don’t actually know who they’re sending the emails to, but I have much more hope now.
Finally received my account number in the mail which allowed me to enroll in their online banking, an arcane method that requires I re-enter most of the info from my original application, including drivers license # and SS #. I had to double and triple check to make sure I was at the right website because of all the personal info I had to enter.
Also, the letter in the mail included a separate page with the terms of the $100 bonus on it. It’s the same text as the “Fine Print” Will posted above (including that it “applies to intended recipients of our Savings Promotion”), but I’m guessing that because it’s printed out on its own page and included I’ll probably receive the bonus. Still, even if I do, this bonus will not have been worth my time given how long it took to open, the phone call, the signature card I had to mail in and the laborious online banking enrollment.