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

Deal has ended, view more bank account bonuses by clicking here.

Update 8/24/21: Now in branch only at the 31 Harnden Street Reading branch

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:
  • Use promo code READING300
  • Receive a recurring direct deposit of $250+ within sixty days

The Fine Print

• 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

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