[MA, CT only] BankHometown $300 Checking Bonus

Update 4/13/23: Bonus now $300. Terms now state ‘Customers who have previously received a bonus on a checking account from the bank are not eligible’

There is also an extra $100 you can get at their Worcester location.

Reposting because they also have branches in CT.

Offer at a glance

• Maximum bonus amount: $200
• Availability: You must live within one of the Counties listed in the online application (generally, 50 miles of a Hometown Bank branch office) to open an account online. All locations are in MA/CT and can be found here.
• Direct deposit required: Optional, must be $25+ 
• Additional requirements: See below
• Hard/soft pull: Unknown 
• ChexSystems: Unknown 
• Credit card funding: $1,000, no longer offered?
• Monthly fees: Free
• Early account termination fee: $10, 180 days
• Expiration date: None listed

The Offer

Direct link to offer

• bankHometown checking are offering a bonus of up to $300, broken down as follows:
  • $150 promotional offer is for enrolling in eStatements and having a minimum of $1,000 in aggregate direct deposits posted to the account OR enrolling in eStatements and conducting a minimum of 25 point of sale (POS) debit card transactions of $10 or more posted to the account within the first 90 days of account opening
  • $150 loyalty bonus will be paid after the account has been open for 12 months if the account is still enrolled in eStatements and has an active recurring direct deposit posted to the account within the last statement cycle OR if the account is still enrolled in eStatements and has an active debit card (defined as 5 point of sale (POS) transactions of $10 or more posted to the account within the last statement cycle)

 

The Fine Print

• $100.00 promotional offer is for opening a personal checking account and activating direct deposit (of at least $25.00) or signing up for online banking and conducting 5 debit card transactions using your debit card within the first 60 days of account opening ($100.00 will be credited to the account by the last day of the statement cycle following the 60th day the account has been open).
• $50.00 promotional offer is for making 5 bill payments using online banking and enrolling in eStatements within 60 days of account opening ($50.00 will be credited to the account by the last day of the statement cycle following the 60th day the account has been open).
• $50.00 loyalty bonus will be paid after the account has been open for 12 months ($50.00 will be credited to the account by the last day of the statement cycle following the 365th day the account has been open).
• $10 minimum to open Get Real Checking or Basic Checking accounts. $100 minimum to open Premier Checking account.
• Bonuses for new checking account customers and limited to one account per customer.
• In accordance with applicable regulations bonus payouts may be 1099 reportable.
• Account must be in good standing and have a positive balance at the time the bonus is paid.
• May not be combined with other promotional offers. This is a limited time offer and subject to change without notice.

Avoiding Fees

Their GetReal checking account does not have any monthly fees to worry about. There is a $10 early account termination fee if you close your account within 180 days of account opening according to their fee schedule.

Our Verdict

We’ve covered a $100 bonus from BankHometown previously. BankHometown & BankESB will be merging on November 21st, 2016. BankESB offer the same $200 bonus, so not sure if you’ll be able to pick up both of these or not.

Big thanks to reader, Winthorp who let us know. Please consider sharing bank bonuses with this site so we can make it even better. We won’t be adding this to our page of the best checking promos due to the fact we don’t know if it’s a hard or soft pull.

Big thanks to reader Matt W for letting us know about this offer.

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
• 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
• Complete List Of Ways To Close Bank Accounts At Each Bank