Offer at a glance
- Maximum bonus amount:Â $100
- Availability: Nationwide
- Direct deposit required:Â Yes, $500+
- Additional requirements:Â See below
- Hard/soft pull:Â Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $10,000
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None
Contents
The Offer
- Berkshire Bank is offering a $100 referral bonus to both parties and up to 5% APY
- Receive a $100 referral bonus if the person signing up receives a direct deposit for the first three months of $500+
- Earn up to 5% APY:
- 5.00% APY with Berkshire One Money Market
- 4.00% APY with Berkshire One Savings
- 5.00% APY with Berkshire One 6 Month CD
- You can also get a $15 streaming credit when you direct deposit $2,000+ monthly
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
Feel free to share your referrals in the comments below, or use reader Sasha’s referral who shared the deal.
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- Bank Bonus Posting Times
Join me at Berkshire Bank with my code rxa9nh and get $100 with qualifying activities! Act quickly, this offer only lasts until December 31, 2024. Apply here: https://open.berkshirebank.com/consumer/welcome?referral_code=rxa9nh. Subject to terms and conditions (https://www.berkshirebank.com/refer).
Please let me know if you’ve successfully opened using my link since there is a limit of 4.
For those opening a 5% CD, what is the process? Open a checking account, fund with up to $10k from CC…then open a CD and fund with CC again? Or once you’re a customer you can no longer fund an account with a CC?
Signed up via referral. Very quick application but it went pending and emailed me a link about 15 minutes later to upload my driver’s license and a selfie (it told me to “open your mouth”…proof of humanity check I presume). It also made me attest that the beginning of the application that I lived in one of the eligible states (NY), so I’m not sure if its enforced beyond that initial check.
Funded with Citi DC for $9800 and it posted as pending. Promo code should get autofilled and shows up at the end of the application before final submission if you click through a referral link.
My referral link (Thanks in advance if you use it):
https://open.berkshirebank.com/consumer/welcome?referral_code=p2wsyv
Looking for referral
Please email me
[email protected]
My referral is posted below.
Looks like the limit is only $400 for the referrer per year, so 4 referrals. Still a good offer, especially with that credit card funding.
come on doc. dont tease us with a juicy easy bonus that also has 10k cc funding and not mark it as for only a few states. as other commentors have pointed out this one is state specific and not nationwide =(
$35 Early Account Closure fee for closing checking, savings or money market within 12 months of opening.
https://www.berkshirebank.com/Online/Disclosure-en#Common%20Features%20Consumer%20Fee%20Schedule
Disclosures at https://www.berkshirebank.com/Online/Disclosure-en
This is good to know. Given the rates/benefits, I don’t see a reason to close this early, especially with a CD.
10k CC funding is crazy work if you can get this to post as purchase
It posts as a purchase, or at least on the 2% CU card I used.
Yes. I can’t say if they’re sensitive or not though as it’s been a few years.
I once funded a bank with 10k CC and it was on 0% APR so I floated the balance for 13 months. Too bad this deal is restricted.
Asked to select residency from below states only –
MA, NY, CT, RI, or VT
Restricted to the following states – MA, NY, CT, RI, or VT.