Update 3/9/24: Deal is abck and valid until 04/30/2024.
Update 2/4/24: Deal is back and valid until 02/29/2024.
Update 10/2/23: Bonus is $600 again. Hat tip to Bockrr
Bonus is $300 again, no longer requires a $10,000 deposit.
Bonus is now $600, but requires a $10,000 deposit for three months.
Bonus has been increased to $300
Update 5/23/20: Deal is back, no end date listed. Hat tip to Anna
Offer at a glance
Maximum bonus amount: $200
Availability: MA, NH, and RI
Direct deposit required: Yes, $2,500+ within 60 days of account opening
Additional requirements: Open savings and fund it with at least $500
Hard/soft pull: Soft
ChexSystems: Yes
Credit card funding: Up to $1,000 (this is a hard limit per application, doesn’t matter if you have two accounts in same application or not)
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: August 31st, 2019 October 31st, 2019 December 31st, 2019 None listed
The Offer
HarborOne is offering a bonus of $300 when you open a new checking account and complete the following requirements:
Make direct deposits of at least $2,500 within 60 days of account opening and receive a bonus of $100
Open a new savings or money market account and make deposits totaling $10,000 within 60 days of checking account opening and maintain a balance of at least $10,000 for three months
The Fine Print
Location where offered: Offer available 7/1/2019-8/31/2019 only to residents of MA, NH, and RI.
Registration: Account holders must open and fund their account AND register for the bonus by 8/31/19 at harborone.com/register in order to be eligible.
Criteria for New Customers: New customer to the Bank; Existing customer that did not have a checking account; Existing customer that is not the tax owner on any existing checking account; Considered new if the customer has not had a checking account in prior 12 months; If multiple accounts are opened with the same signer, only one account will be eligible for the incentive.
To receive the $100 Checking bonus: 1) Open any new eligible HarborOne Personal Checking Account; 2) Receive direct deposits totaling at least $2,500 to this account within 60 days of account opening. Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits such as social security from your Employer or the Government. Direct Deposits that do not qualify include: deposits to your account made by an individual using online banking or internet payment provided, Person–to–Person and bank transfers between your existing HarborOne Bank accounts or accounts you have at other financial institutions or brokerages.
To receive the $100 Savings bonus: Open any new eligible HarborOne Personal Savings or Money Market account in accordance with the minimum opening balance requirement and make deposits totaling $500.00 within the first 60 days of the Checking Account Opening. (Must also complete checking bonus requirements to be eligible for the additional $100.00)
Bonus Conditions: Account must remain open, active, in good standing, and in the same product type through the 60 day period from account opening to receive the bonus for noted offers above. Once the offer criteria is met, the bonus will be credited into the new personal checking or savings account no later than 80 days from account opening.
Bonus offers do not apply to those customers who have been paid a promotional premium in the past 24 months.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
You can open the Free Plus Checking account and still qualify for this bonus, this account has no monthly fee. CheckIt Savings also has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
Previously they offered a bonus of up to $500, the requirements for the full $500 bonus were much more difficult to meet but still do-able for a lot of people. There was also a comparable offer for $300 that required $5,000 in direct deposits. That was last offered in 2018, so I’m not confident a similar big bonus will come back. Because of that I will add this to our list of the best checking account bonuses.
Hat tip to reader DayTradeIt
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