Offer at a glance
Maximum bonus amount: $300
Availability: ME, NH
Direct deposit required: Yes, $500+
Additional requirements: None
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Up to $500, Visa or Mastercard only
Monthly fees: $5, avoidable
Early account termination fee: $25, six months
Household limit: None listed
Expiration date: November 15, 2024
The Offer
Camden National Bank is offering a $300 bonus when you open a new Rewards OR Premier checking account and complete the following requirements:
Receive a direct deposit of $500+ within 60 days of account opening
The Fine Print
To be eligible for account bonus you must open either a Rewards or Premier checking account between September 9 and November 15, 2024.
You must be an individual of at least 18 years of age.
The primary owner of the account must have a Maine or New Hampshire address.
You may not be or have been an owner of a Camden National Bank consumer checking account during the last twelve (12) months prior to opening this account.
The minimum opening account deposit is $25.
If you set up $500 or more in direct deposits within 60 calendar days of opening your account, a $300 will be direct deposited to your account within 90 calendar days of the qualifying transaction.
Account bonuses are reported to the IRS as interest income.
Account must be open, active and not overdrawn at the time the bonus is made.
Overdrawn includes any utilization of any Progressive Pay amount that may be available to you.
One bonus payment per account or individual.
This cannot be combined with any other offer.
Employees of Camden National Bank or its affiliates are excluded from this offer.
Contact the bank for further details. Limited-time offer, subject to change.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Rewards checking has a $5 monthly fee
$0 if you maintain a $500 minimum average daily balance
Early Account Termination Fee
There is an early account termination fee of $25 if you close the account within 6 months of account opening.
Our Verdict
There was a $200 bonus with no direct deposit requirement and a $300 bonus with a direct deposit requirement but had an account that was harder to keep fee free. I do think this is worth doing and will add this to our list of the best bank account bonuses.
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