Update 5/1/21: Deal is back and valid until December 31, 2021. Hat tip to -Ying Liang
Update 10/18/20: Deal is back and valid until December 31, 2020.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Offer available to Ohio residents only
- Direct deposit required:Â Yes, or recurring ACH deposit
- Additional requirements:Â None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â One
- Expiration date:Â
September 6th, 2019December 31, 2020
Contents
The Offer
- Westfield Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
- Open new account with at least $250
- Receive a monthly direct deposit or recurring ACH debit/credit
The Fine Print
- To obtain the $100 bonus, a new Dream Big, Dream Big with Savings, Reserve, Simply, or 50+ Checking account must be opened with an initial deposit of at least $250 on or before September 6, 2019.
- The new account must be opened with money not currently on deposit at Westfield Bank, FSB, and a monthly direct deposit or recurring ACH debit/credit must be established.
- We will pay the bonus by crediting $100 to your new Westfield Bank checking account as interest within 10 days of account opening and after the required minimum opening deposit is made.
- There is a limit of one bonus per household (same address). The bonus will be reported to the IRS as interest income.
- Your account must remain open for 180 calendar days, or the amount of the bonus will be deducted from the account at closing.
- Offer available to Ohio residents only. Individual account terms and conditions apply.
- This offer is not available to individuals who have received a bonus from Westfield Bank in the last 12 months.
- 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 dream big account with no monthly fees to worry about.
Early Account Termination Fee
There is a $50 fee if you close your account within 12 months of account opening.
Our Verdict
Probably worth doing as it’s a soft pull and can easily meet the requirements.
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
Applied. $500 CC funding was pending. Requested more documents (Drivers license pic). Then denied. Why are they even doing a sign up bonus to get customers if they are denying everyone?
Declined – 99 miles from a branch, 11 new accounts opened in the previous two months
15 miles away from a branch. Still denied. Said does not meet their criteria.
Only 4miles away, Same denial. Weird bank.
Declined. I live about 50mi from the closest branch. No reason given. 5 new accounts in the year.
As of 03/07/2022, it appears offer is still good but bank products have changed. From offer page from link in the post, “*To obtain the $100 reward, a new Prosper Checking with Savings account must be opened with an initial deposit of at least $250 on or before December 31, 2022. The new account must be opened with money not currently on deposit at Westfield Bank, FSB, and a monthly direct deposit or recurring ACH debit/credit must be established. We will pay the reward by crediting $100 to your new Westfield Bank checking account as interest within 10 days of account opening and after the required minimum opening deposit is made. There is a limit of one reward per household (same address). The amount of the reward will be reported to the IRS as interest income. Your account must remain open for 180 calendar days, or the amount of the bonus will be deducted from the account at closing. Offer available to Ohio residents only. Individual account terms and conditions apply. This offer is not available to individuals who have received a bonus from Westfield Bank in the last 12 months. This invitation applies to accounts opened online and is subject to change or cancellation at any time without notice.
“.
Applied 12/5/21 Sunday night, 80 miles from closest branch. Deal fine print still says valid to Dec 31, 2021 as Ying said.
Auto accepted the application (no auto deny for zip). Allowed CC funding up to 250k total it said, with options for $100, $1250, and some other amounts up. Default selected is $100 each. I selected $1250 for the checking and savings for cc for CFF for a total of $2500 shows as Pending.
Fingers crossed! 80 mi away from closest branch.
Denied by email, no mail followup. The CFF $2500 pending dropped and never registered. Was worth a try!
Deal is back on their website until December 31, 2021.
Chex sensitive. Chance is very slim unless you live near a branch.
@DOC @Chuck Another $300 bonus is going on for Westfield bank…..not sure if it is the same bank though….
https://www.westfieldbank.com/300-bonus?
https://www.westfield-bank.com/promo-switch-bonus (posted here)
URLs are slightly different:
one is http://www.westfieldbank.com
another is http://www.westfield-bank.com
Please check and update us! thank you
Denied after pulling chex report. (reason being X does not meet credit or other application criteria)
Chex sensitive bank.