[NY] Bank of Greene County $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: Account owner must live, work or worship in Kinderhook or Valatie, NY
• Direct deposit required: Yes, no minimum 
• Additional requirements: Deposit $25,000+
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• Bank of Greene County is offering a $250 checking bonus when you complete the following requirements:
  • $25,000 minimum deposit
  • Add direct deposit
  • Use debit card three times

The Fine Print

• To receive $250 bonus offer owner must open the account with a minimum deposit of $25,000, add direct deposit and use the Bank of Greene County Visa® Debit Card three times.
• Check will be issued within 90 days once all conditions have been met.
• Limit one offer per household.
• Value of bonus will be reported to the Internal Revenue Service as income on Form 1099.
• Bank may discontinue this offer at any time without notice.
• Account must be opened at our Kinderhook-Valatie branch.
• Account owner must live, work or worship in Kinderhook or Valatie, NY
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not.

Our Verdict

Doesn’t look like the $25,000 needs to be kept in there for any period of time, but not everybody has $25,000 in liquid funds. Looks like it needs to be done in branch so you should be able to ask if it’s a hard or soft pull in branch before opening.

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