[Expired] [NY, NJ] Northfield Bank $350 Checking Bonus

Deal has expired, view the best current checking bonuses by clicking here.

Update 1/13/19: Reposting as it’s been confirmed to be a soft pull (at least in branch) and the bonus is still active.

Offer at a glance

The Offer

No direct link, in branch only

  • Northfield Bank is offering a bonus of $350 when you open a new eligible checking account and complete the following requirements within 90 days of account opening:
    • Maintain average balance of $500+
    • Receive a monthly recurring direct deposit of at least $500+
    • Perform 10 point of sale debit card transactions per month

The Fine Print

  • Eligible checking accounts are MyChecking, MyChecking 60+ or MyChecking Student
  • Must not have an existing or prior NorthField Checking account
  • Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits.
  • Bonus will post within 30 business days following the end of the 90 day period
  • Account must remain open, active and in good standing and in the same product type during the qualifying period to receive the bonus
  • Offer is effective as of 07/06/18 and may be withdrawn at any time.
  • Once bonus per household
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

MyChoice checking has a monthly fee of $8. This is waived if you do any of the following:

  • Maintain a $500 average monthly balance OR
  • have a monthly direct deposit totaling $500 or more OR
  • perform 10 debit card transactions during statement cycle.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in the fee schedule.

Our Verdict

You might know of Northfield Bank as they have a 2.25% APY basic savings account (best current rate). Unfortunately they do a hard pull to open a new account, so even with this $350 bonus it won’t be worth it for a lot of people. Keep in mind bank bonuses are taxable. Because of the hard pull I won’t be adding it to the best checking bonuses for now. I’d be interested to know what threshold a bank bonus with a hard pull would need to hit for you to be interested?

Big thanks to reader, Joseph P who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:
    William Charles
  • On January 13, 2019, 11:30

View Comments (70)

  • Has anyone tried closing their account yet? Were you able to close it over the phone or through email? Hopefully we don't have to go in the branch to close this.

    • You do have to go in branch to close the account. I tried phone and 'SM' (it's just a generic email form you fill out to contact them - it's not a true SM). I have a branch near me so wasn't a big deal for me.

      • Thanks for the response. I'm in the Bronx and the closest branch is in Brooklyn so I would rather not go into the branch if I don't have to. Anyone try closing their account via mail (as in mailing them a letter stating to close it)? I guess I will call and ask them.

  • 1/17 - Opened account in branch
    February, March, April - 1 real $500 employer DD & 10 debit purchases on Amazon (mainly $.50 reloads)
    4/17 - $350 bonus (did not see it post until today)

    If you see my earlier post here detailing account opening, there is conflicting information whether we need to keep the account open for 6 months or not. I will be safe and keep it open for the full 6 months with a $500 balance.

    • I got the bonus today too. Opened account in branch 1/14. I 'd go with manual printout, keep account open for 6 months or they take bonus back.

  • did anyone get this bonus yet? just trying to see if mine failed or just have to wait :)

    • When did you open your account? I opened mine end of January and have not yet received my bonus. Based on the DPs here I was expecting to have received it by now, however one of the requirements is that you maintain a $500 avg monthly balance over the first 90 days, so it makes sense that it hasn't come yet.

      • My wife and I both got it today :)

        So the one per household didn't apply. Although we did use licenses with different addresses and then got it updated. That might be why :)

  • does anyone know if the 10 debit card transactions have to be a pin-enabled transaction? i did venmo to my wife and it comes out as:

    "pinless chk pre venmo"

    just trying to figure out if that counts or not...

    • They certainly do not HAVE to be PIN-enabled, and I was told by at least one branch manager (who admitted she COULD be wrong), that you should definitely not use a PIN. But they should be POS. Just hit ENTER (or the appropriate key) when the PIN screen comes up and it will go through as a POS credit transaction which, of course, the bank prefers anyway since they get a higher fee.

      • Went to sign up for P2 and the CSR said that they pulled it on Thursday 2/7. They now have a business checking promo - I didn't look into it too much since I wasn't interested in it.

  • Just went drove an hour today to open this account. I brought a printout of the image in this post and she immediately recognize the offer.

    I can confirm most of what others have said-- seems not Chex sensitive (13 records in the past 12 months). I could see the bank scrolling through my long list of chex records, but she didn't say anything afterwards.

    Thank you for letting know about this offer!

Leave a Comment