Beneficial Bank, $100 Bonus Plus $100 Per Referral (NJ,PA)

Beneficial Bank is offering a $100 bonus for new account and also a $100 for referrals. They have branches in NJ and PA only.

Offer Requirements

Promotional reward of $100 eligible for accounts opened in a branch after January 25, 2018. To qualify for the $100 reward the new customer must:

Open a new consumer checking account.
Make a direct deposit of at least $500 within the first 60 days OR
10 debit card purchases (PIN or signature) within the first 60 days

Offer not available on existing accounts or in combination with any other offer.

New customer account must remain open for 90 days for the referral rewards to be granted to new and referring customers. The $100 reward will be deposited into the new customer account 90-120 days after the initial deposit and is not considered part of the minimum opening deposit.

Eligibility

The account must be opened in branch, which are only in NJ and PA.

Fees

Free Checking Package is probably your best option since it has no monthly fee and no minimum balance requirement.

I don’t see a early closing fee, but account must remain open for 90 days for the referral rewards to be granted to new and referring customers.

Referral Bonus

Referring customer must be a current Beneficial Bank personal checking, savings or money market customer. Referral reward offer valid to new consumer customers only. Only one $100 bonus will be provided per referred customer regardless of the number of checking accounts opened.

Referring customer account will be credited with $100 reward 90-120 days after new customer account has been opened.

You can find the referral form here. Promo code REFER A FRIEND 100.

Guru’s Wrap-Up

This is a great bonus if you can refer friend and family, but I don’t have any information about this bank and you also need to go into a branch to open the account. It also seems like you might need a referral to get the bonus, so if anyone has an account at this bank you can get in touch with readers in the comments and get a referral bonus, while helping readers get a signup bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.