[MA & NH only] Stoneham Bank $250 Checking Bonus


Offer at a glance

  • Maximum bonus amount: $250
  • Availability: MA & NH
  • Direct deposit required: Yes, $1,000+ per month for three months
  • Additional requirements: Enroll in online banking
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $10, avoidable
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date: None listed

The Offer

Direct link to offer

  • Stoneham Bank is offering a bonus of $250 when you open a new Optimum Plus or Optimum One checking account and complete the following months within each of the first full three calendar months:
    • Receive a monthly direct deposit(s) totaling $1,000 or more
    • Enroll in Online Banking

The Fine Print

  • Earn a $250 bonus when you open a new Optimum Plus or Optimum One Checking account with a $10 minimum opening deposit balance and complete the following requirements within each of the first full three calendar months following the date the new account is funded: (1) Receive a monthly direct deposit(s) totaling $1,000 or more and; (2) Enroll in Online Banking.
  • For example, a qualifying account type opened and funded during the month of September must complete the requirements in the months October, November and December in order to qualify for the bonus.
  • Examples of qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits from your employer or the government.
  • You must not currently have a StonehamBank personal checking account or have had one in the last 24 months.
  • A $250 bonus will be deposited into your new account within 30 days of completing requirements if qualification conditions are met, and the account remains in good standing.
  • The primary account holder is solely responsible for any federal, state and local taxes, and must provide StonehamBank with a valid social security number or taxpayer identification number before the bonus will be provided.
  • A form 1099-MISC will be issued to the primary account holder. This offer may be withdrawn at any time.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Optium One is the easiest of the two accounts to keep fee free. It has a $10 monthly fee, this is waived if you do any of the following: Maintain a monthly direct deposit of $500 or; Maintain an average daily balance of $1500 or; Use your debit card 5 times per month for point of sale transactions.

Early Account Termination Fee

I wasn’t able to find any early account termination fee though in their fee schedule.

Our Verdict

Previously we’ve seen $200 & $250 bonuses. This is a good bonus and worth doing if you live in an eligible area. We will add this to our list of the best checking bonuses.

Useful posts regarding bank bonuses:

Source link

Choose your Reaction!
Leave a Comment

Your email address will not be published.

Bitcoin (BTC) $ 56,493.00 1.57%
Ethereum (ETH) $ 4,407.65 1.82%
Tether (USDT) $ 1.00 0.00%
Litecoin (LTC) $ 200.42 0.91%
Binance USD (BUSD) $ 1.00 0.25%
Apple Inc.  AAPL 
$160.24  $3.43  2.19%  
AMC Entertainment Holdings, Inc  AMC 
$36.84  $0.7900  2.10%  
Tesla, Inc.  TSLA 
$1,136.99  $55.07  5.09%  
VBI Vaccines, Inc.  VBIV 
$2.83  $0.0500  1.80%  
GameStop Corporation  GME 
$202.01  $2.29  1.15%  
Walt Disney Company (The)  DIS 
$147.81  $0.3000  0.20%  
DraftKings Inc.  DKNG 
$35.20  $0.8400  2.33%  
Airbnb, Inc.  ABNB 
$180.08  $6.22  3.58%  
Uber Technologies, Inc.  UBER 
$39.70  $0.8200  2.02%  
DoorDash, Inc.  DASH 
$183.01  $4.91  2.61%  
Zomedica Corp.  ZOM 
$0.4200  $0.0065  1.52%  
Nokia Corporation Sponsored  NOK 
$5.62  $0.0700  1.26%  
United States Antimony Corporat  UAMY 
$0.6532  $0.0168  2.51%  
$0.4700  $0.0470  9.09%  
Danimer Scientific, Inc.  DNMR 
$14.13  $0.2400  1.73%  
BurgerFi International Inc  BFI 
$7.12  $0.2500  3.39%