Update 12/1/24: There is now a $150 bonus.
Keep in mind there seems to be a hold period after funding the account.
Offer at a glance
- Maximum bonus amount: $100
- Availability: MA, NY, CT, RI, or VT
- Direct deposit required: Yes, $500+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $10,000
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None
The Offer
- Berkshire Bank is offering a $100 referral bonus to both parties and up to 5% APY
- Receive a $100 referral bonus if the person signing up receives a direct deposit for the first three months of $500+
- Earn up to 5% APY:
- 5.00% APY with Berkshire One Money Market
- 4.00% APY with Berkshire One Savings
- 5.00% APY with Berkshire One 6 Month CD
- You can also get a $15 streaming credit when you direct deposit $2,000+ monthly
The Fine Print
- 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
$35 Early Account Closure fee for closing checking, savings or money market within 12 months of opening
Our Verdict
Feel free to share your referrals in the comments below, or use reader Sasha’s referral who shared the deal.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times