[Expired] [ME, NH] Camden National Bank $300 Checking Promotion

Looks like this bonus has expired early!

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: ME, NH
  • Direct deposit required: Yes, $500+
  • Additional requirements: eStatements
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $500, Visa or Mastercard only
  • Monthly fees: $5-$20
  • Early account termination fee: $25, six months
  • Household limit: None listed
  • Expiration date: December 31st, 2017

The Offer

Direct link to offer

  • Camden National Bank is offering a bonus of up to $300 when you open a qualifying checking account, receive direct deposits of $500 or more during your second statement cycle and have eStatements. The bonus you receive depends on the account you open:
    • $100 for opening a Simple Promise account
    • $200 for opening a Promise Rewards account
    • $300 for opening a Promise Premier checking account

The Fine Print

  • To be eligible for account bonus you must open either a Simple Promise, Promise Rewards or Promise Premier checking account between June 12 and December 31, 2017.
  • A $100, $200 or $300 bonus will be paid, respectively, if you have direct deposits of $500 or more, of your payroll, pension or government benefits, such as Social Security during your second statement cycle.
  • Your bonus will be paid within 60 days of meeting requirements.
  • No signers on the account may be, or have been, a signer on a Camden National Bank consumer checking account within the past 6 months.
  • Limited time offer, subject to change.
  • You must be a Maine or New Hampshire resident at account opening.
  • Account must be maintained in good standing to earn bonus and rewards.
  • In addition to the direct deposit requirements, to earn cash-back rewards you must be enrolled in eStatements.
  • Account bonuses and rewards are reported to the IRS as interest income. Other terms and conditions may apply; please contact the bank for further details.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Simple Promise Checking ($5 Monthly Fee – $100 Bonus)

This account has no monthly fees if you have eStatements (also a requirement for the bonus), otherwise a $5 fee is charged.

Promise Rewards Checking ($5 Monthly Fee – $200 Bonus)

This account comes with a $5 monthly fee. This is waived if you do any of the following:

  • Have an average monthly balance of $100+
  • Keep a balance of at least $2,500 or more in any combination of qualifying deposit and certificate of deposit balances

Promise Premier Checking ($20 Monthly Fee – $300 Bonus)

This account comes with a $20 monthly fee. This is waived if you do any of the following:

  • Keep a minimum average balance of $2,500 or more in your account
  • Keep a balance of $25,000 in total deposit balances
  • Consumer and residential mortgage loan balances of $150,000 or more

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

Shouldn’t be difficult for people to keep the promise premier checking account fee free so the $300 bonus is easily the best (if you don’t have $2,500 to spare then you might have to go for the $200 bonus). Given that it’s a soft pull this bonus is a no brainer if you live in the target area. Definitely adding it high on our list of the best checking current sign up bonuses.

Useful posts regarding bank bonuses:
    William Charles
  • On June 14, 2017, 10:00

View Comments (29)

  • Typo found in the avoiding fees section—under the "Promise Premier Checking" section, the title says the monthly fee is $20, but the paragraph underneath says the monthly fee is $5 ($20 is the correct number)

  • was told no on the googlehome, claimed that was an old promotion and that me receiving the $300 was the alternative to that promotion

  • Has anyone had any luck downgrading to the free account after receiving bonus? As others mentioned, I was also charged the $20 account fee, even though I transferred in $2500 as soon as possible (8 days after opening). It sounds like calling to get that refunded should be no problem though.

    Now that I received the bonus, I'm going to secure message and ask about the googleHome, cause I put that code in my application, but wanted to receive the money before pushing for that.

  • Here is my info:
    -opened on 8/29
    -first statement date was 8/31 (odd how just after opening)
    -Sent DD from capital one 360 checking on 9/6 (so during the second statement cycle), displays as "CAPITAL ONE N.A.CAPITALONEPPD"
    -Bonus ($300) received on 10/1

  • just a PSA for everyone,

    I missed out on the $300, because the direct deposit arrived on the 1st statement cycle (I was 2 days early). Your direct deposit MUST arrive on the 2nd statement cycle, don't make the same mistake I made.

  • Any data point on the 15 cent cashback reward (up to $50 per month) on each "qualified" debit card purchase? What counts as qualified? Do they shut you down if you try to MS it?

  • 500 ACH triggered bonus :) Unfortunately don't know which (Venmo, Chase, Cap360). All listed as Credit and have PPD in title. Chase says Ext Trnsfr as well.

    • how quickly after deposit did your bonus post? did you do during the second statement cycle like the bonus stipulates? also was your deposit from capital one checking or savings? I did capital one checking and it does not say PPD (only the trial deposits do).

      • My bonus posted as well. The DD hit just prior to the end of the second statement cycle with a day to boot. I was real worried...phew! On a side note, I got that $20 fee reimbursed when I call in about it.

        • actually my capital one checking DD did end up adding the "PPD", so that should count as a DD. I just need to do it during the second statement cycle now. will report back.

          I entered the google home code as well during sign up. Ill be inquiring about that after i secure the $300 bonus, but interested to hear if anyone has had success with that

  • Folks be real careful with account balances with this bank. Less than 20 days into having my account open they hit me up with a $20 service fee claiming I did not meet the balance requirements. I had the required balance in there a week after opening up account and about 10 days after that came the fee.

  • I spoke with a rep from Camden National Bank and confirmed that the early account termination fee is $25 if the account is closed within 6 months of opening (not $5 like the post suggests)

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