Extended to 12/31/2024
Offer at a glance
- Maximum bonus amount: $300
- Availability: NY, Greenpoint Branch
- Direct deposit required: Yes, $500+ per month for two months
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: No
- Monthly fees: None on Totally Free ExtraValue account
- Early account termination fee: Unknown
- Expiration date: None listed
- Household limit: None, but one per person
Contents
The Offer
- Apple Bank is offering a $300 bonus when you open a new checking account at the Greenpoint Branch and complete the following requirements:
- receive Qualifying Electronic Credit Transactions totaling at least $500 each month for two consecutive months
The Fine Print
- The Greenpoint Choice Checking $300 Promotional Offer is valid from August 1-October 31, 2024. This promotional offer is only available to customers that do not have a consumer checking account at Apple Bank as of August 1, 2024.
- Customer must open a Choice Checking account at the Apple Bank Greenpoint branch during the stated period, and the account must receive Qualifying Electronic Credit Transactions (“QECTs” such as pre-authorized ACH credit transactions, including direct deposit and electronically deposited funds originating from peer-to-peer money transfer applications, like Zelle, CashApp, Venmo or PayPal) totaling at least $500.00 each month for two consecutive months after account opening.
- The first QECT(s) totaling at least $500.00 must be completed within 31 calendar days of account opening.
- The second QECT(s) totaling at least $500.00 must be completed in the month following the completion of the first QECT(s) of at least $500.00.
- After completing two consecutive months of QECTs of $500.00 or more, $300.00 will be credited to your Choice Checking account within 31 calendar days of the subsequent month following the completion of the required credit transactions.
- To receive the $300.00, the qualifying Choice Checking account must not be closed or restricted at the time of payout.
- Offer is limited to one per account, regardless of the number of Choice Checking accounts opened and/or joint tenants per account.
- Employees of Apple Bank and their families are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The Totally Free ExtraValue Checking has no monthly fee.
Early Account Termination Fee
Apple Bank does not make their fee schedule public, so we’re unable to check to see if they charge any early account termination fees.
Our Verdict
Might be an OK deal if you live near a branch. Better than the $100 bonus previously offered.
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
View Comments (17)
@guest_1903011 and @guest_1915261 was spot on.
Very Chex sensitive, even via branch. Chex stats is 24/11.
Branch rep had a shocked pickachu face on her face when she pulled up my reports and asked why i had so many inquiries and accounts open.
I was successful with Ridgewood Savings bank yesterday with the Branch manger overrides, but definitely not the case here.
a bit upset about the Chex hit, but WCYD.
Just got the deal it's extended until December 31st 2024. Great account no ATM fees and $300 bonus
Extended to 12/31/2024 according to brochure in branch
Scan of the brochure: https://ibb.co/nrKf8x9.
They are very Chex sensitive. DP: Would not open the account unless you are under 10 inquires. No exceptions were given.
Same question. I'm thinking about going to the branch this weekend. Can you clarify "Under 10 inquiries over what period of time"? Thanks.
Under 10 inquiries over what period of time? Are you referring to the total number of inquiries on your Chex report (which would cover last 3 years)?
How many did you have in the last 12/24 months?
They are very Chex sensitive for what it's worth. It'll raise some eyebrows if you have any recent inquiries within the last 6 months and it'll require a manager override.
Account pays 3.44% interest with a $2.5K minimum balance.
They did recently start re-imbursing ATM fees globally as well with no FTF.
The $2.5K minimum initially annoyed me, but it looks like it's only a $10 monthly fee if you don't maintain that balance. Assuming you meet the bonus requirements ASAP, you'd pay $30 total in fees ($10 for the 2 bonus qualification months, and $10 for the month waiting for the bonus to post) and still be up $270. still seems worth it
this is all moot though if they have early termination fees - I can't tell if they do
That is incorrect information, you don't have to maintain a balance once you have direct deposit no fees incur.
@guest_1903327 where are you getting this 2.5k from.
Doc already states that the Free ExtraValue Checking has no monthly fees and a quick google search also confirmed that only $100 deposit is needed to fund and open the account with an no extra activities required afterwards.
The screenshot on this page from apple bank itself says you need choice checking for the offer, which has the 2.5K minimum in their terms. I might be wrong but it would seem like opening an extra value checking wouldn’t qualify for the bonus
You might be right here. Only the Choice Checking is highlighted in the main page. It also states it in the T&C
Definitely do want to see some DP's coming on whether the ExtraValue Checking qualifies for the $300 as well.
But nonetheless, eating the $30 fee and getting $270 profit is very easy work for very minimal effort.
It doesn't. This is only for the Choice Checking account. I did this bonus last year for a different branch.
It's a new branch special deal. So this HAS to be done at the Greenpoint branch.
Probably a stupid question, but how do ATMs work overseas, let's say in a country that uses the Euro?
Do you still pay a conversion rate, or does the bank calculate it for you and not take anything?
There's a conversion rate set by the card issuer (Visa, MC, Amex, Discover) and that rate gets applied to the transaction. The bank can add on additional foreign transaction fees if they so choose.