[Expired] HarborOne Bank, $500 Checking Account Bonus (Select States)

HarborOne Bank has a great bonus for new checking accounts that can net you up to $500, depending on the amount of direct deposits that you can make within 60 days. The offer expired on 12/31 but it has been extended for two more months. (HT: DoC)

Bonus Requirements

Here’s the bonus breakdown and requirements:

• To receive the $150 checking bonus:

  • Open any new eligible HarborOne personal checking account;
  • Make 15 Debit POS withdrawals that must Post and Clear within 60 days of account opening AND
  • Receive direct deposits totaling $2,500 or more made to this account within 60 days of account opening.

• To receive the $300 checking bonus:

  • Open any new eligible HarborOne personal checking account;
  • Make 15 Debit POS withdrawals that must Post and Clear within 60 days of account opening AND
  • Receive direct deposits totaling $5,000 or more made to this account within 60 days of account opening.

• To receive the $500 checking bonus:

  • Open any new eligible HarborOne personal checking account;
  • Make 15 Debit POS withdrawals that must Post and Clear within 60 days of account opening AND
  • Receive direct deposits totaling $10,000 or more made to this account within 60 days of account opening.

Account must remain open, active, in good standing, and in the same product type through the 60 day period from account opening to receive the bonus for all noted offers above. Bonus will be credited into the new personal checking account no later than 80 days from account opening.

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

Eligibility

Offer is not available to current or former HarborOne customers who have a HarborOne personal checking account within the last 90 days.

Offer only available to residents of: MA, NH, ME, CT, VT and RI.

Fees

HarborOne Bank’s iChecking account comes with a $5 monthly fee. It can be easily waived with a minimum daily balance of  at least $500

Guru’s Wrap-Up

We rarely see $500 bonuses for checking accounts, but it also requires direct deposits totaling $10,000 or more within 60 days to get the maximum bonus. The problem is that we don’t know what counts as a direct deposit and we also don’t know if it is a soft or hard inquiry. Although for $500 it should even be worth a hard pull. I you have any data points please let me know.

Sadly it is limited to only a few states, and not available for me in NY.

If this bonus is not for you, then you can check our full list of available bank bonuses.

Offer Details

• Apply Here
• Account Type: iChecking
• Availability: MA, NH, ME, CT, VT and RI
• Expiration Date: 8/31/2017 10/31/2017 12/31/2017 2/28/2018
• Inquiry Type: Unknown
• Direct Deposit Requirement: Yes, up to $10K
• Other Requirements: None
• Credit Card Funding: Unknown
• Monthly Fee: $5 (waived with $500 daily balance)
• Closing Account Fee: Unknown

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