[MA, In Branch only] North Shore Bank $300 Checking Bonus

Update 2/8/25: Deal is back, direct deposit optional this time.

Offer at a glance

• Maximum bonus amount: $300
• Availability: MA only. Eastern Massachusetts and Southern New Hampshire residents only
• Direct deposit required: Yes, two $250+ within 60 days
• Additional requirements: Use promo code
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: None. Says up to $1,000 but doesn’t seem to work
• Monthly fees: None
• Early account termination fee: None listed
• Household limit: None listed
• Expiration date: October 31, 2021

The Offer

Direct link to offer

• North Shore Bank is offering a bonus of $300 when you open a new checking account and complete the following requirements:
  •  $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. The bonus will be credited to the account by the last day of the statement cycle following the 90th day the account was opened.
  • $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 loyalty bonus will be credited to the account by the last day of the statement cycle following the 365th day the account was opened.

The Fine Print

• Customers who have previously received a bonus on a checking account from the bank are not eligible.
• To qualify for the $300 bonus you must not currently have a personal checking account with North Shore Bank.
• Accounts must be opened between August 1, 2021 and October 31, 2021 at the 31 Harnden Street, Reading Branch, or online at northshore-bank.com/ready with the code READING300 and must receive a recurring direct deposit of at least $250 within 60 days of account opening.
• Direct deposits may include salary, pension, Social Security and Supplemental Security Income (SSI) benefits or other regularly scheduled electronic deposits.
• Accounts that are overdrawn during the promotional period will be ineligible to receive the bonus.
• Once the offer criteria is met, and after at least two direct deposits are credited to the account, the $300 will be paid no later than 90 days from account opening.
• We may change or discontinue this offer at any time without notice.
• We will report the $300 bonus to the IRS as interest for the year in which it is received.
• One bonus per individual as identified by Taxpayer Identification Number (TIN).
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is a free checking account with no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find any EATF in the fee schedule.

Our Verdict

Not to be confused with the other North Shore Bank. Bonus looks to be relatively easy, just need to know if it’s a hard or soft pull.

Hat tip to Michael R

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