Offer at a glance
Maximum bonus amount: $475
Availability: MA
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: 12/31/2023
The Offer
East Cambridge Savings Bank is offering a checking bonus. Bonus is broken down as follows:
$300 when you open a new business checking account at any of their 11 banking center locations
have at least 5 deposits with a minimum transaction amount of $500.00 or more in each of the following 3 statement cycles (deposits can be external, mobile, or in person)
3) maintain an a monthly average balance of $2,000.00 or more in each of the following 3 statement cycles; and
signup for eStatements
$450 when you open a new business checking account at any of their 11 banking center locations
have at least 5 deposits with a minimum transaction amount of $1,000.00 or more in each of the following 3 statement cycles (deposits can be external, mobile, or in person);
maintain an a monthly average balance of $3,500.00 or more in each of the following 3 statement cycles; and
signup for eStatements
The Fine Print
Offer valid from 07/05/2023 through 12/31/2023.
You will not qualify for the Bonus if you are an existing East Cambridge Savings Bank Tax Reported Owner on any existing business checking account or had a business checking account in the past 60 days. To earn the $300 New Business Checking Bonus Reward, you must: 1) open an East Cambridge Business Checking account at any of our 11 banking center locations; 2) have at least 5 deposits with a minimum transaction amount of $500.00 or more in each of the following 3 statement cycles (deposits can be external, mobile, or in person) ; 3) maintain an a monthly average balance of $2,000.00 or more in each of the following 3 statement cycles; and 4) signup for eStatements. The Bonus will be deposited to your account during the 4th statement cycle. To earn the $450 New Business Checking Bonus Reward, you must: 1) open a new East Cambridge Business Checking account at any of our 11 banking centers; 2) have at least 5 deposits with a minimum transaction amount of $1,000.00 or more in each of the following 3 statement cycles (deposits can be external, mobile, or in person); 3) maintain an a monthly average balance of $3,500.00 or more in each of the following 3 statement cycles; and 4) signup for eStatements. The Bonus will be deposited to your account during the 4th statement cycle. Additionally, you may earn $1.00 for each Point-of-Sale withdrawal with a transaction amount of $150.00 or more during each of the following 3 statement cycles with a maximum payout of $25.00. This additional Bonus will be deposited to your account during the 4th statement cycle. Product offerings may be withdrawn at any time. For other terms and conditions, please refer to account disclosures available at account opening and upon request. $10.00 minimum deposit required to open an account unless otherwise noted. For business deposits of Massachusetts residents and Massachusetts approved businesses only.
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
Early Account Termination Fee
Unknown if there is any EATF.
Our Verdict
Previously this was only $100. Main issue is having to go in branch to open the account.
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