Deal has ended, view more bank account bonuses by clicking here.
Update 1/4/2020: Personal bank bonus of $100 has been removed, $150 student bonus has been reduced to $100
Update 07/21/18: They have added a student checking bonus for $150. Hat tip to reader Brenden F
Reposting as this has been extended through 2018.
- Maximum bonus amount: $100
- Availability: Open to all residents in CT, MA residents in the following counties: Hampden, Hampshire & Worcester Counties, RI residents in Washington County
- Direct deposit required: Yes, no minimum specified.
- Additional requirements: None
- Hard/soft pull: Soft pull
- Credit card funding: Up to $500 per account
- Monthly fees: $0-$5
- Early account termination fee: None
- Expiration date:
December 31st, 2016December 30th, 2017 December 31st, 2018December 31st, 2019
The Offer
- Receive a sign up bonus of $100 when you open a new Liberty Bank checking account (personal or business) and complete the following requirements:
Personal: Open account online and receive a direct deposit (no minimum specified)- Business: Open account in branch
- Receive a $100 bonus when you open a new My Payâ„ Student Banking checking account and complete the following requirements:
- Make 5 debit card transactions within 60 days of account opening
The Fine Print
- Offer ends 12/31/18, subject to change, may be withdrawn any time and may be subject to 1099 reporting.
- Health Savings Account, Estate or Trust accounts ineligible.
- All account holders on the account must be new consumer checking customers.
- You may not have had a checking account within the past 365 days.
- Payroll, pension or government benefits direct deposit required within 90 days of account opening.
- $100 will be credited to new checking account up to 60 days after first direct deposit transaction while account is open. (Personal)
- You may not have had a checking account within the past 365 days.
- $100 credited 30-45 days after open date
Avoiding Fees
All of the Liberty bank checking products are fee free apart from their interest checking product which has a $5 monthly fee if the monthly balance is less than $100. We weren’t able to find any mention of an early account termination fee. There is also a paper statement fee of $2.
Our Verdict
This is a pretty good bonus, especially the business account as it has no requirements. As long as you can change payroll easily then the personal bonus is pretty good as well as there is no worrying about keeping the account fee free. If anybody has any experience or datapoints with this bank, please share them in the comments below. We have added this to our best bank account bonuses.
Big thanks to reader, Winthrop R who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
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This bank bonus is back, for $300.
Valid until end of August
https://www.liberty-bank.com/checking
Seems all of the offers are dead, at least I couldn’t find them.
William Charles I think you should Mark them dead and remove them from Best Bank bonuses page.
dp liberty bank
5/11/20 open account with $25 deposit
6/17/20 Did Five Amazon 50cent reloads
7/27/20 $100 deposit posts
btw there is a $2 paper statement fee waive able with e-statements
Added, thanks
signed up for the $150 bonus but by the time they approved the acct it was just 100
does anyone have a snap of the $150 bonus from 12/19 or later
Difficult to say which of the following triggered the bonus as they were all classified as “External Deposit”; still I thought sharing could be helpful as there currently aren’t many DPs on this bank:
10/21: Amazon Payments [39 days before bonus]
10/25: Alliant CU Checking (test deposit) [35 days before bonus]
11/1: Alliant CU Checking (coded same as test deposit) [28 days before bonus]
11/29: Bonus Payment
Hope this info helps! 🙂
DP: You can only close the account by secure message, snail mail, or going into a branch. They said they couldn’t close it over the phone. To send a secure message, go to “Messages” and click “Compose New” in in the upper right hand corner, which isn’t as obvious as it sounds.
CT resident.
6/13: Account opened with $25 transfer from Ally
6/21: $100 push from Fidelity Brokerage
7/30: Bonus posted
DP: My $500 opening deposit coded as a purchase on my Citi Double Cash card.
CT resident.
1/16 : opened the checking account with $500 CSP funding
1/25 : transferred $100.05 from Vanguard settlement fund
2/26 : $100 Bonus posted