[MA, CT only] Florence Bank $250 Checking Bonus

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Update 6/12/22: Deal is back.

Update 6/12/21: Bonus increased to $250 and requirements are easier. Hat tip to reader Kamil Sultan

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: MA or CT
  • Direct deposit required: Yes
  • Additional requirements: eStatements
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown, Chexsystems sensitive
  • Credit card funding: Up to $6,000
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None
  • Expiration date: None

The Offer

Direct link to offer

  • Florence Bank is offering a bonus of up to $225 when you open a new checking account and complete the following requirements within 60 days of account opening:
    • Use promo code Sweet250. at account opening
    • Sign up for eStatements and get a $200 bonus
    • Receive a direct deposits and get a $50 bonus

 

The Fine Print

  •  Open a new Florence Bank personal checking account at our Springfield or West Springfield Branch or Online using Promo Code “225” and earn a $100 bonus when you enroll in eStatements.
  • Earn an additional $100 bonus when you have at least $400 in direct deposits cumulatively post to the new account. (The bonus amounts do not count toward the $400.)
  • Earn another $25 bonus by downloading and logging in to the Florence Bank Mobile App at least once.
  • Conditions must be met within 60 days of account opening.
  • Each cash bonus will post to your new account after each condition is met and may take up to 75 days from the account opening.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

All checking accounts they offer have no monthly fee to worry about.

Early Account Termination Fee

According to the fee schedule there doesn’t seem to be any early account termination fee.

Our Verdict

They have offered a very similar bonus in the past as well, but that required singing a song instead of mobile banking. Seems like a good bonus if it turns out to be a soft pull. If anybody goes for this bonus then please share your experiences in the comments below.

Hat tip to reader Ryan M

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