This bonus has expired and is no longer available. Best checking bonuses are found here.
Update 01/23/18. Reposting because it’s back for 2018.
- Maximum bonus amount: $125
- Availability:Â FL, MA, NJ, NY, VT, must open in branch [Branch locator]
- Direct deposit required: Yes, full paycheck/benefits
- Additional requirements: Open health savings account and enroll in eStatements
- Hard/soft pull: Soft
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Expiration date:Â
November 30th, 2016February 28th, 2018
The Offer
- Trustco Bank is offering three different checking bonuses:
- Personal:
- Earn $100 when you open a Home Town Premier Checking Account with Direct Deposit of Social Security, Payroll or Pension
- Earn $125 when you open a Home Town Premier Checking Account with Direct Deposit of Social Security, Payroll or Pension with a new Savings Account
- Business:
- Earn $100Â When you open a Home Town Business Checking Account and complete 10 transactions after two statement cycles.
The Fine Print
- All offers valid until 2/28/18.
- To receive the $100, you must open a Home Town Premier Checking Account with Direct Deposit. Minimum of $50 to open a Home Town Premier Checking Account. Monthly maintenance fees may apply and may have a minimum balance requirement.
- To receive the $125, you must open a Home Town Premier Checking Account with Direct Deposit and a new Savings Account (Club Accounts excluded).
- Minimum of $50 to open a Home Town Savings Account. Minimum balance of $200 to Earn Annual Percentage Yield (APY). Interest accrues daily and credited monthly.
- Monthly service charge or fee may reduce earnings and rate may vary.
- Direct Deposits must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $100 monthly Direct Deposit).
- Direct Deposit must be completed within 45 calendar days from end of promotion.
- Bonuses will be paid within 30 days of verification of Direct Deposits.
- To receive the $100, you must open a Home Town Business Checking Account and complete 10 transactions after two statement cycles.
- Minimum of $50 to open a Home Town Business Checking Account.
- Bonus will be paid within 30 days of verification of transactions.
- Initial debit card supplied at no cost. A fee may apply for replacement cards. Please speak with a Branch Manager for details and requirements on specific checking accounts.
Avoiding Fees
It says there is a $5 monthly fee on the personal account this is waived with Direct Deposit of Payroll, Social Security or Retirement Income Or a $500 monthly average collected balance. Personal savings account has no monthly fees. Business account has a $5 monthly fee that doesn’t look to be waived.. I’m not sure if there is an early account termination fee or not as I can’t find the fee schedule.
Our Verdict
Previously they offered a sign up bonus of $110 but with more requirements. This bonus is better, but I still don’t think I’d recommend it as it requires going in branch and they require a direct deposit of a full paycheck/government benefit (typically when they list this it means they are manually checking direct deposits). Because of this I’m not adding it to the list of bonuses we recommend.
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- A Beginners Guide To Bank Account Bonuses
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- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
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