This bonus has now expired and is no longer being offered. Click here for the best current checking bonuses.
Bonus is back, hat tip to reader Sawyer
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â In branch only, all branches are in NY [Branch locator]
- Direct deposit required:Â Unknown
- Additional requirements:Â Unknown
- 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 Unknown
- Expiration date:Â
June 30th, 2018September 30th, 2018
The Offer
- Sawyer Savings Bank is offering a bonus of $100 when you open a new personal checking account. It says some restrictions apply, but never states what they actually are.
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
They offer a free checking account with no monthly fees to worry about. I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.
Our Verdict
With such a little amount of information it’s possible to pass any judgement on this bonus. If anybody does go in branch to open the account, please find out what the bonus requirements are and if it’s a soft pull to open.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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
Bonus is back and expires 9/30/18
Guess no one cares about this bank for the small bonus and especially the limited locations:
sawyersavings.bank/locations/