Offer at a glance
Maximum bonus amount: $300
Availability:Open to all residents in CT, MA residents in the following counties: Hampden, Hampshire & Worcester Counties, RI residents in Washington County
Direct deposit required: Yes, no minimum specified.
Additional requirements: None
Hard/soft pull: Soft pull
Credit card funding: Up to $500 per account
Monthly fees: None
Early account termination fee: None
Household limit: None listed
Expiration date: August 31, 2023
The Offer
Liberty Bank is offering a $300 checking bonus when you open a new checking account and complete the following requirements within 60 days of account opening:
Make 5 debit card purchases
Direct deposit of your payroll, social security, pension or government benefits
The Fine Print
To ensure timely payment of your $300 incentive, please be aware of the following: Only available when opening PayBackSM Checking or Quarter Back® Checking. Consumer accounts only; one account per customer.
All account holders on the account must be new consumer checking customers. You may not have had a checking account within the past 365 days.
Direct deposit of your payroll, social security, pension or government benefits is required within 60 days of account opening OR 5 debit card transactions must be completed within 60 days of account opening (ATM transactions do not qualify). $300 will be credited to new PayBackSM Checking or Quarter Back® Checking account up to 60 days after first direct deposit transaction OR up to 60 days after completing 5 debit card transactions (ATM transactions do not qualify) while account is open. Offer ends 8/31/23, may be withdrawn at any time, may not be combined with other offers, is subject to change, and may be subject to 1099 reporting. No minimum balance required to obtain incentive.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Neither account has no monthly fees to worry about with eStatements
Early Account Termination Fee
We weren’t able to find any mention of an early account termination fee
Our Verdict
Previously we have only seen a $100 business/student or personal checking bonus. This new offer is much better than we’ve seen before and well worth doing.
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