[MA, NH, ME or RI] Eastern Bank $300 Checking Bonus

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Update 4/23/22: Deal is back and valid until May 23, 2022.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: MA, NH, ME or RI
  • Direct deposit required: Yes, $4,000+
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Yessensitive
  • Credit card funding: No longer available
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: One
  • Expiration date: May 17, 2021

The Offer

Direct link to offer

  • Eastern Bank is offering a bonus of $300 (two direct deposits required)
    • Cumulative direct deposits of $1,000-$3,999.99: $150 bonus
    • Cumulative direct deposits of $4,000+: $300 bonus

 

 

The Fine Print

  • This offer is valid for new consumer checking account customers only.
  • New customers are primary signers who have not had a consumer checking account since 04/10/2020.
  • The account must also meet the following requirements 90 calendar days after the account open date to receive an incentive (if the 90th calendar day falls on a non-business day, the requirements must be met on the following business day): (a) Primary signer must reside in MA, NH, ME or RI; (b) Primary signer must be age 18 or older; (c)
  • Account must be open and have a positive balance. Incentives for qualified accounts will be deposited into customer’s account no later than 30 calendar days after confirmation that the account has met all the requirements.
  • No incentive will be paid if the account is closed on the date we attempt the deposit.
  • The Bank may, at its discretion, pay the incentive earlier if all the qualifying requirements have been met.
  • Only one incentive per customer and one incentive per household as defined by a common address.
  • Customer will receive a 1099 form for this incentive.
  • Please consult your tax advisor regarding the tax implications of this offer.
  • Other qualifications and restrictions may apply.
  • 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

There is no early account termination fee

Our Verdict

We have seen a bonus of $350 with smaller requirements in the past. That hasn’t been available for some time, so I’d recommend doing this offer now if you’re eligible. I’ll add this to our list of the best bank account bonuses.

Hat tip to reader Lisa

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