Offer at a glance
Maximum bonus amount: $300
Availability: Greene, Columbia, Ulster and Albany counties in New York State
Direct deposit required: Yes, for 12 months. No minimum mentioned
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: None listed
The Offer
Bank of Greene County is offering a bonus of up to $300 when you open a new e-Lightning Checking. You receive $25 in GreeneRewards bonus each month you receive a direct deposit for 12 months as long as the direct deposit continues.
The Fine Print
Direct deposit required to receive $300 GreeneRewards bonus.
Direct deposit transaction includes payroll and must begin within the first 90 days of account opening to receive the bonus offer.
$25 in GreeneReward points will be awarded to your enrolled Bank of Greene County Visa® Debit Card for 12 months as long as direct deposit continues
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
I wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not.
Our Verdict
Previous best bonus was $250, that was restricted to fewer counties. This bonus is annoying as a direct deposit is required for 12 months, but there is no minimum specified so that is nice. Might be worth doing if you can easily change a portion of your payroll to this account otherwise too much mental headache in my opinion.
Hat tip to reader snailrock
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