Webster Bank has two bonuses available that can earn you either $100 or $350 depending on which checking account you open. Accounts can be opened online, by phone at 1-888-4-WEBSTER (1-888-493-2783) or in branch. This offer is only available in NY, MA, RI and CT. This should also stack with a $50 referral bonus.
Offer
$350 Bonus – Premier Checking
- Minimum opening deposit of $500
- Use promo code MOV-APR-JUN19PREMIER$350
- Complete ONE of the following
- 1 Direct Deposit any amount OR
- 10 Visa Debit Card transactions using Signature or PIN OR
- 5 Bill Payments through Websteronline.com to a third party.
$100 Bonus – Value Checking
- Minimum opening deposit of $50
- Use promo code MOV-APR-JUN19VALUE$100
- Complete ONE of the following
- 1 Direct Deposit any amount OR
- 10 Visa Debit Card transactions using Signature or PIN OR
- 5 Bill Payments through Websteronline.com to a third party.
Qualifying transactions must be completed and post to the account by 04/07/2017. All funds will be transferred into the newly established checking account by 05/19/2017. All amounts will be reported to the IRS, and customer is responsible for any applicable taxes.
Eligibility
The offer is available to residents of NY, MA, RI, and CT only.
To be eligible, the primary customer must qualify for Premier Checking or Webster Value Checking and must not have had an open checking account since 04/01/2018 at Webster Bank.
Fees
First, there’s a paper statement fee. If you don’t enroll in Statement eDelivery you will be charged a $2 monthly paper statement fee. This fee is waived for account holders age 65 and older or 18 and younger. Then there’s the monthly fees, which are waivabale.
Premier Checking – $21.95 Monthly Fee
You can avoid the $21.95 monthly maintenance fee by keeping $10,000 in combined average checking, money market, and savings balances during your monthly statement period or $50,000 adding CD, home equity, and installment loan balances as of the end of your statement period.
Value Checking – $11.95 Monthly Fee
You can avoid the $11.95 monthly service fee when you meet ONE of the following during your monthly statement cycle
- Maintain a monthly average balance of at least $1,000, OR
- Are age 65 or older and have at least one direct deposit, OR
- Have at least 10 debit card purchases post to your account during the statement period
Guru’s Wrap-up
We have seen this Webster Bank bonus The $350 bonus is clearly the winner here. It will be up to you if you want to put $10K in the account to keep it fee free, or just pay the fee for a few months. That will probably depend on what interest you’re earning from that cash. Don’t forget to enroll in eStatements to avoid a $2 monthly fee.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. 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.
Offer Details
- Apply Now
- Account Type: Premier Checking OR Value Checking
- Availability: NY, MA, RI and CT
- Expiration Date: 6/28/2019
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No (it’s an option)
- Other Requirements: 10 debit transactions OR 5 bill payments
- Monthly Fee: $21.95 OR $11.95 (waiveable)
- Closing Fee: $15 if closed within 90 days
HT: DoC
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