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
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View Comments (2)
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.