[NY, CT, VT, RI, MA, ME, NH] Guilford Savings Bank $350 Checking Bonus, Direct Deposit Not Required


Offer at a glance

  • Maximum bonus amount: $350
  • Availability: You must reside in a New England State or New York to open an account with GSB [NY, CT, VT, RI, MA, ME, NH]
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $25, avoidable
  • Early account termination fee: Unknown
  • Household limit: One
  • Expiration date: March 31, 2021

The Offer

Direct link to offer

  • Guilford Savings Bank is offering a bonus of $350 when you open a new Prime Access checking account and complete the following requirements:
    • Use promo code Access350
    • Meet requirements to keep account fee free for 180 days:
      • Have a $2,500 minimum balance $50,000 aggregate balance

The Fine Print

  • You must enter promotion code “Access350” if opening online or mention the promotion to a banker when opening in-branch.
  • All account holders on qualifying account must be new GSB checking account customers.
  • Existing Guilford Savings Bank (GSB) consumer checking customers ineligible for $350 Gift Card offer.
  • Offer only available for new Prime Access, Preferred Access or Access checking accounts. Accounts subject to approval.
  • Minimum Requirements to Avoid Monthly Service Fee must be continually met for the account and the account must remain open for 180 days in order to receive the Gift Card.
  • After 180 days, a bank representative will contact the primary account holder to confirm an accurate email address for Amazon eGift Card delivery.
  • GSB reserves the right to substitute a gift card of equal value.
  • May be subject to 1099 reporting. Account holder is responsible for all applicable taxes.
  • Offer is subject to change without notice and may be withdrawn at any time.
  • Consumer accounts only.
  • Limit 1 offer per household.
  • Limit 1 per account.
  • $50 minimum to open.
  • Please refer to GSB-YOURBANK.COM/PERSONAL-CHECKING for the account terms including the Minimum Requirements to Avoid the Monthly Service Fee for the qualifying Prime Access, Preferred Access and Access checking accounts.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Account has a $25 monthly fee, that is waived if you do either of the following:

  • $2,500 minimum balance $50,000 aggregate balance

Early Account Termination Fee

I wasn’t able to find a fee schedule, so unsure if there is an early account termination fee.

Our Verdict

Looks like an easy bonus to meet the requirements for with a $2,500 minimum balance, although you do need to maintain that for 180 days. Just need to know if it’s a hard or soft pull to open. If anybody goes for this bonus then please share your experiences in the comments below.

Hat tip to reader Laura G

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