[ME, NH] Camden National Bank $300 Checking Bonus

Update 2/16/25: Deal is back.

Offer at a glance

• Maximum bonus amount: $300
• Availability: ME, NH
• Direct deposit required: Yes, $500+
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $500, Visa or Mastercard only
• Monthly fees: $5, avoidable
• Early account termination fee: $25, six months
• Household limit: None listed
• Expiration date: November 15, 2024

The Offer

Direct link to offer

• Camden National Bank is offering a $300 bonus when you open a new Rewards OR Premier checking account and complete the following requirements:
  • Receive a direct deposit of $500+ within 60 days of account opening

The Fine Print

• To be eligible for account bonus you must open either a Rewards or Premier checking account between September 9 and November 15, 2024.
• You must be an individual of at least 18 years of age.
• The primary owner of the account must have a Maine or New Hampshire address.
• You may not be or have been an owner of a Camden National Bank consumer checking account during the last twelve (12) months prior to opening this account.
• The minimum opening account deposit is $25.
• If you set up $500 or more in direct deposits within 60 calendar days of opening your account, a $300 will be direct deposited to your account within 90 calendar days of the qualifying transaction.
• Account bonuses are reported to the IRS as interest income.
• Account must be open, active and not overdrawn at the time the bonus is made.
• Overdrawn includes any utilization of any Progressive Pay amount that may be available to you.
• One bonus payment per account or individual.
• This cannot be combined with any other offer.
• Employees of Camden National Bank or its affiliates are excluded from this offer.
• Contact the bank for further details. Limited-time offer, subject to change.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Rewards checking has a $5 monthly fee

• $0 if you maintain a $500 minimum average daily balance

Early Account Termination Fee

There is an early account termination fee of $25 if you close the account within 6 months of account opening.

Our Verdict

There was a $200 bonus with no direct deposit requirement and a $300 bonus with a direct deposit requirement but had an account that was harder to keep fee free. I do think this is worth doing and will add this to our list of the best bank account bonuses.

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