Targeted Webster Bank Bonus, Get $250/$400 with New Account
Webster Bank has two bonuses available that can earn you either $250 or $400 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.
$400 Bonus – Premier Checking
- Use promo Code $400Premier-MOV-SEPT-NOV20
- Customer must have a direct deposit of $500 or more between the month the account was opened and 11/30/2020 OR
- Customer must have an average account balance greater than or equal to $10,000 for Premier Checking or $1,000 for Webster Value Checking from 01/01/2021 through 01/31/2021.
$250 Bonus – Value Checking
- Use promo code $250Value-MOV-SEPT-NOV20
- Customer must have a direct deposit of $500 or more between the month the account was opened and 11/30/2020. OR
- Customer must have an average account balance greater than or equal to $1,000 from 01/01/2021 through 01/31/2021.
All amounts will be reported to the IRS, and customer is responsible for any applicable taxes.
This is an exclusive, non-transferable offer, available to the addressee of our direct mail or email offer.
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 06/01/2019 at Webster Bank.
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
This Webster Bank bonus is a good one, but there’s targeted language on the offer this time again. I’m not sure if it is enforced.
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. But to get either bonus, you can do a $500 direct deposit, or have a balance of $10K or $1,500 respectively during the month of June.
- Promo Page
- Account Type: Premier Checking OR Value Checking
- Availability: NY, MA, RI and CT
- Expiration Date:
9/30/2019 12/31/19 4/30/20 5/30/20 8/29/2011/30/20
- Inquiry Type: Soft Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No (it’s an option)
- Other Requirements: $10K or $1,500 balance
- Monthly Fee: $21.95 OR $11.95 (can be waived)
- Closing Fee: $15 if closed within 90 days