Deal has expired, view the best checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:$300
- Availability: Valid for branches in these places: Cambridge, Boston, Lexington, Newtown, Needham, , Brookline, Wellesley, Quincy. [Branch Locator Here] You must live within 50 miles of a branch
- Direct deposit required: Not required
- Additional requirements: Yes, see below
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: $11.95, waivable
- Early account termination fee: $15 if closed within 90 days
- Expiration date: August 31st, 2018
The Offer
No direct link seen on the way to airport but should be available to everybody
- Open a new Webster Complete Business Checking or Webster Business Value Checking account at a participating branch and receive a bonus of $300 when you complete the bonus requirements as follows by 10/31/2018:
- Make cumulative deposits of $5,000 or more
- Complete a total of 6 deposits
The Fine Print
- See image above for full fine print
Avoiding Fees
Note that military and veterans might get a monthly fee waiver. (I can’t tell if all accounts get the waiver or only some.) There is also a $15 early account termination fee if the account is closed within 90 days.
Complete Business Checking
This has a monthly fee of $21.95 that is waived if you have an average monthly balance of $7,500 or more.
Our Verdict
Not as good as previous offers as it’s more difficult to keep the complete business checking account opening (previously it required a value checking account). That being said it’s not clear if that bonus will ever come back or not so it might be worth doing for some readers. Unsure if I will add this to the best business checking bonuses because of that previous better offer. Let me know your thoughts in the comments below.
Hat tip to reader BB
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Did this last year and banker not only screwed up and put the incorrect promo code, but in the CFPB resolution letter, the bank mentioned I should have been a resident of their target footprint and just working in the target footprint (eligible states) should not have qualified. They gave bonus anyeay as a ‘goodwill gesture’ after the complaint. YMMV.. make sure you follow the promo terms and that the banker puts the correct promo code when opening. 🙂
$7500 to avoid the fees with the payout not guaranteed until December. Even if I just went with the minimum of $500 to open, 5 months later that bonus is down to less than $200. Bummer since this is actually local for me.