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