[MA only] Dedham Savings Bank $200 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: Need to open in branch or near a branch. Branches are located in Dedham, Westwood, Needham, Walpole, Norwood, and Sharon in Massachusetts. [Locations here]
• Direct deposit required: No
• Additional requirements: None
• Hard/soft pull: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: No/unknown
• Expiration date: June 30th, 2016 March 31st, 2017 June 30th, 2017

The Offer

Direct link to offer

• Open a new business checking account with Dedham Savings Bank and receive a $200 sign up bonus. You need to call one of the following people to organize a meeting at one of their local branches, or somewhere convienent for you:
  • Call Charlie Toczylowski, Assistant Vice President, Business Banking at 781-708-6443 or
  • Marcella Musto, Business Banking Specialist at 781-320-1465

 

The Fine Print

• One $200 business checking cash bonus will be deposited into a new business checking relationship.
• The new account must be open 30 days before $200 bonus is deposited. Must be a new business checking account relationship defined as not having a business checking account at Dedham Savings within the last 6 months.
• Minimum balance to open and obtain incentive is $10.
• Offer expires 6/30/16.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no monthly fees on this account, I wasn’t able to find an early account termination fee in the fee schedule but I’m unsure if this one is the most current one or not.

Our Verdict

Nice bonus with no requirements or monthly fees, major downside is you need to meet with one of their business specialists and we don’t know if it’s a hard pull. If anybody completes this bonus or has any other information, please share in the comments below. In the mean time check out the bonus we recommend here.

Hat tip to Maximizing Money

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