Offer at a glance
Maximum bonus amount: $500
Availability: CT
Direct deposit required: Yes, $1,000+
Additional requirements: eStatements
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: None listed
The Offer
Thomaston Savings Bank is offering a $500 when you open a new Thomaston Savings Bank personal checking account and complete the following requirements:
enroll in eStatements
set up $1,000 in direct deposits
The Fine Print
Offer is only available to new Thomaston Savings Bank consumer mortgage customers that do not have an existing checking account with Thomaston Savings Bank
To receive the $500 bonus: Establish a new noninterest-bearing checking account 90 days prior to or within the 90 days after your mortgage closes
Enroll in eStatements and have a total of $1,000 in external direct deposits post to your new checking account within 90 days of account opening
Once all requirements have been met, we will deposit $500 in your new checking account within 10 business days after all criteria was satisfied. Limit one offer per customeriiii. Bonus is considered interest and is subject to reporting on IRS Form 1099-INT (or if applicable, 1042-S). Employees and Corporators of Thomaston Savings Bank are not eligible for this bonus. Offer effective 12/21/2020 and may be withdrawn at any time.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
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Seems like a good offer if you live in an eligible area, we just need to know if it’s a hard or soft pull to open.
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