[PA, NJ & NY] C&N Bank $400 Checking Bonus

Update 2/24/25:Deal is back through 12/31/25.

Update 8/3/23: Extended until September 30, 2023.

Update 7/4/23: Extended through July 31, 2023.

Update 6/30/23: Deal is back and valid until July 30, 2023.

Update 4/29/23: Deal is back until June 30, 2023.

Update 8/22/22: Also available in NJ, map of eligible areas here.

Seems like they are extremely chexsystems sensitive and are also allowing some opening and then shutting down the account a day later for being out of state/too many accounts in the last 12 months.

Offer at a glance

• Maximum bonus amount: $400
• Availability: PA, NJ & NY. Map of eligible areas here.
• Direct deposit required: Yes, $5,000+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, sensitive
• Credit card funding: No
• Monthly fees: None
• Early account termination fee: Six months, bonus forfeit
• Household limit:
• Expiration date: September 30, 2022

The Offer

Direct link to offer

• C&N Bank is offering a bonus of $400 when you open a new checking account and complete the following requirements:
  • Use promo code Switch
  • Make an initial deposit of $1,000+
  • Receive direct deposits totaling at least $5,000 within the first three months (fine print states: Direct deposits totaling $5,000 over consecutive 3-month period required to receive Bonus)
  • Keep account open for at least six months

The Fine Print

• Receive $300 Bonus when you open a consumer checking account with a minimum opening deposit of $1,000 and receive an additional $100 Bonus when you open the account online.
• Use promo code 400BONUS.
• Offer valid through September 30, 2022 for consumer checking account products only (C&N Everyday Checking, C&N Relationship Checking and C&N Merit Checking) and limited to one per primary account owner age 18 or older.
• Direct deposits totaling $5,000 over consecutive 3-month period required to receive Bonus.
• Account must remain open for six months from opening date.
• Payout will occur within 45 days of six-month anniversary of account opening.
• Payouts valid through May 31, 2023. Offer may be withdrawn at any time.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

C&N Everyday Checking Basic Checking has no monthly fees to worry about.

Early Account Termination Fee

Account needs to be kept open for six months otherwise bonus is forfeit.

Our Verdict

Online sign up seems to allow nationwide opening, but all branches are in NY & PA. We need to know if it’s a hard or soft pull and the direct deposit requirement is somewhat confusing as well.

Hat tip to reader Kwan

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?
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• Banks That Allow/Don’t Allow Out Of State Checking Applications
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