[ME, NH] Camden National Bank $300 Checking Bonus

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Offer at a glance

  • Maximum bonus amount: $300
  • Availability: must have a Maine or New Hampshire address
  • Direct deposit required: Yes, $500+
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $500, Visa or Mastercard only
  • Monthly fees: None – $20, all avoidable
  • Early account termination fee: $25, six months
  • Household limit: None listed
  • Expiration date: October 22, 2021

The Offer

Direct link to offer

  • Camden National Bank is offering a bonus of up to $300. The bonus you receive depends on the account you open, all accounts require a monthly direct deposit of $500+.
    • Open access/choice checking account and get a $100 bonus
    • Open rewards checking account and get a $200 bonus
    • Open Premier checking account and get a $300 bonus

The Fine Print

  • To be eligible for account bonus you must open either an Access, Choice, Rewards, or Premier checking account between August 16 and October 22, 2021.
  • You must be an individual of at least 18 years of age.
  • The primary owner of the account must have a Maine or New Hampshire address.
  • You may not be or have been an owner of a Camden National Bank consumer checking account during the last twelve (12) months prior to opening this account.
  • If have direct deposits totaling $500 or more of your payroll, pension or government benefits, such as Social Security, that post to your account within 60 calendar days of opening the account, a $100, $200 or $300 bonus will be direct deposited to your account within 90 calendar days of the qualifying deposit.
  • Account bonuses are reported to the IRS as interest income. Account must be open, active and not overdrawn at the time the bonus is made.
  • Overdrawn includes any utilization of any Progressive Pay amount that may be available to you.
  • One bonus payment per account or individual.
  • This cannot be combined with any other offer. Employees of Camden National Bank or its affiliates are excluded from this offer.
  • Contact the bank for further details.
  • Limited-time offer, subject to change.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Access checking ($100 bonus)

This account has no monthly fees to worry about

Rewards checking ($200 bonus)

This account has a $5 monthly fee, this is waived with a $500 minimum average daily balance

Premier checking ($300 bonus)

This account has a $20 monthly fee, this is waived if you do either of the following:

  • Keep a minimum average daily balance of $2,500 or more in your account
  • keep a balance of $25,000 in total deposit balances

Early Account Termination Fee

There is an early account termination fee of $25 if you close the account within 6 months of account opening.

Our Verdict

Relatively easy to keep the the $300 account fee free, so might as well go for that bonus and account if you have a spare $2,500. Better than the previous $150 bonus offered from Camden national bank. Definitely worth doing if you live in an eligible area, we will add this to our list of the best checking bonuses.

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