Offer at a glance
- Maximum bonus amount:Â $250
- Availability: You must also be a resident of Essex County, Massachusetts or Rockingham County, New Hampshire
- Direct deposit required:Â Yes, $1,500+ within 3 months
- Additional requirements:Â See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $2,500
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â One
- Expiration date:Â None
Contents
The Offer
- Pentucket Bank is offering a $250 checking bonus when you open a new Free Checking Account online and complete the following requirements:
- Use promo code OPENNOW250
- Have a total of $1,500 in direct deposits post and clear to the promotional Free Checking Account in the first three statement cycles from the date of account opening
- Sign up for and maintain an active Online Banking or Mobile App account for the first three statement cycles from the date of account opening
The Fine Print
- Open a Pentucket Bank Free Checking Account online and receive $250 by meeting the following criteria: have a total of $1,500 in direct deposits post and clear to the promotional Free Checking Account in the first three statement cycles from the date of account opening. Must also sign up for and maintain an active Online Banking or Mobile App account for the first three statement cycles from the date of account opening. Active Online Banking and/or Mobile App account is defined as a minimum of one valid log in during a thirty day period.
- Checking account must be opened online at www.PentucketBank.com.
- Account must be opened with new money, which is defined as funds not currently on deposit with Pentucket Bank and a minimum deposit of $10.00 is required.
- $250 will be deposited into the promotional checking account by the last day of the month following the first three statement cycles if all of the aforementioned criteria is completed.
- Limit one (1) promotional Free Checking account per household.
- Promotional offer may be discontinued at any time at the discretion of Pentucket Bank.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is no fee for the free checking account.
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
Seems very location restrictive unfortunately. Otherwise the deal is good if it’s a soft pull. If anybody goes for this let us know your experiences in the comments below.
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
DP:
3/1/2022 Opened online but was required to go in to verify identity. SUB is only available online but they said they’d honor it
3/25/2022 $751 real DD
4/08/2022 $751 real DD
7/15/2022 called customer service about bonus
7/15/2022 $250 Miscellaneous Credit | Treat 250
Ha, also coincidentally called on 7/15/22 and got credit posted the same day!
Account successfully opened. Funded with $150 bank transfer around 2/24/22. Application was “pending” until I printed and signed a “signature card” and scanned it back to them. Created online banking account.
Now i’ll likely set up a real paycheck direct deposit to meet conditions.
Winged it and signed up. Application is pending. $2500 max CC funding from all major cards. No pull on my credit report yet. Will update once the application is reviewed
Did you read this as $1,500 total deposit or $1,500 per statement cycle? I read it as $1,500 total, but I called them to ask and someone who seemed a bit unsure thought it was $1,500 per statement cycle but didn’t have an “official” answer. I’m eligible and would like to do it, but $1,500 total is different than per cycle.
Thoughts?
This makes me think it’s total not per month
Have direct deposits totaling $1,500 or more post to the account within the first 3 statement cycles
My online application was denied because I don’t have a mass license yet (just moved). Had to go in branch to open but the rep (who was very new) wasn’t sure if I could get the promo in person. She is going to get back to me and I will update once I hear back
Just now got a call saying that they will honor the promotion. They have to enable my online banking then I will be able to do the DDs
There was no HP on my account opening. When I opened the account online I was able to fund the account with a CC. I did $2500. But since my online application was denied that didn’t go through so I’m not sure if that would have worked. Will update on my progress towards the SUB as I go along