[Expired] [NY only] Lake Shore Savings $100 Checking Promotion

Deal has expired, view more bank account bonuses by clicking here

Update 9/28/19: Bonus is back for 2019, now only $100 instead of $125. Hat tip to reader Joe F

Offer at a glance

• Maximum bonus amount: $125
• Availability: All locatations are in NY [Branch locator]
• Direct deposit required: Yes, no minimum specified
• Additional requirements: Online banking, bill pay and eStatements
• Hard/soft pull: Soft
• Credit card funding: Unknown
• Monthly fees: Unknown
• Early account termination fee: $25 if closed within 180 days
• Expiration date: September 30th, 2016 November 30th, 2019

The Offer

Direct link to offer

• Open a new LS Ultimate or LS Plus checking account and receive bonus of $100 when you meet the following requirements:
  • Establish a direct deposit within 60 days of account opening
  • Set up Online Banking with electronic account statement, Mobiliti mobile banking service and Notifi alerts service

 

The Fine Print

• To receive the $100 bonus, you must open an LS Plus or LS Ultimate checking account with debit card by 11/30/2019, establish a direct deposit into the account within 60-days from the day the account was opened and enroll in each of the following free account services: Online Banking with electronic account statement, Mobiliti mobile banking service and Notifi alerts service.
• Your direct deposit must be a new, recurring electronic deposit of your paycheck, pension, or government benefit (such as Social Security) from your employer or the government.
• Bonus will be credited to the account within 60 days of activating a direct deposit, as long as the account is in good standing.
• Bonus is limited to one account per customer regardless of the number of accounts opened, titling of the account, and number of direct deposit arrangements established.
• Limited-time offer and may change at any time.
• Bonus is not available to customers who have already received a bonus in connection with any prior promotions in the last 12-months.
• The bonus is reportable for tax purposes. Mobiliti and Notifi require internet and/or data access through a mobile device or computer.
• Early account closure fee applies to accounts closed within first six months. ]

Avoiding Fees

Monthly Fees

LS Ultimate is the only eligible account that can have the monthly fee waived. The fee is $8 and is waived if you have a $1,000 average minimum balance

Early Account Termination Fee

Account needs to be kept open for six months, otherwise a fee of $25 will be charged

Our Verdict

Not a bad bonus considering it’s a soft pull, although fair from being a great bonus. I’ll still add this to the  best bank bonus page, but it’ll be down the bottom.

Big thanks to reader, David who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• 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
• Complete List Of Ways To Close Bank Accounts At Each Bank