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. Must apply by march 17th, 2017.
This should also stack with a $50 referral bonus.
Requirements
$350 Bonus – Premier Checking
- Minimum opening deposit of $500
- Use promo code JAN-MAR17PREMIER$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 JAN-MAR17CONS$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 the Checking product in this offer and must not have had an open checking account within the past 6 months 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
Conclusion
Great bonus for a personal checking account. 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.
Besides that, the rest of the requirements is pretty easy. Don’t forget to enroll in estatements to avoid a $2 monthly fee.
Offer Details
- Apply Now
- Account Type: Premier Checking OR Value Checking
- Availability: NY, MA, RI and CT
- Expiration Date: 3/19/2017
- 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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