Webster Bank Bonus, Get $250/$400 with New Account

Targeted Webster Bank Bonus, Get $250/$400 with New Account

This offer has expired. See the full list of available bank bonuses here.

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.

Offer

$400 Bonus – Premier Checking

Use promo Code $400Premier-MOV-MAR-MAY21
Customer must have a direct deposit of $500 or more between the month the account was opened and 07/31/2021. 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 07/01/2021 through 07/31/2021.

$250 Bonus – Value Checking

Use promo code $250Value-MOV-MAR-MAY21
Customer must have a direct deposit of $500 or more between the month the account was opened and 07/31/2021. 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 07/01/2021 through 07/31/2021.

All funds will be transferred into the newly established checking account by 09/16/2021. All amounts will be reported to the IRS, and customer is responsible for any applicable taxes.

Eligibility

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 03/01/2020 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 waivable.

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

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.

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

OFFER PAGE
Account Type: Premier Checking OR Value Checking
Availability: NY, MA, RI and CT
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
Expiration Date: ~~9/30/2019~~ ~~12/31/19~~ ~~4/30/20~~ ~~5/30/20~~ ~~8/29/20~~ ~~11/30/20~~ ~~02/26/21~~ 05/31/21