If you live in Massachusetts, Fidelity Co-operative Bank is offering you up to a $400 welcome bonus for opening any one of their CareChecking accounts, including their CareFree account that has no monthly fee and their CareDiscover account for students. To earn the full amount you'll also need to open a savings account ($100 bonus).
The direct deposit requirement has doubled since the last time we saw it offered.
How To Earn The Bonus
The Fidelity Bank Personal Checking promotion requires you to set up eligible direct deposits and make purchases using the account's card in order to earn the up to $400 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Debit card purchases must be point-of-sale transactions that post within the month. Note that transaction and posting dates can vary and some transactions may take up to three business days to post to your account.
- Direct deposit is defined as a paycheck, pension, Social Security, or other eligible monthly income electronically deposited by an employer or outside agency into your checking account. Transfers done via ATM, online banking, payment apps or websites (such as Venmo or Paypal), in branch, or from a bank or brokerage account are not eligible.
- The value of this bonus may constitute taxable income and will be reported on IRS Form 1099 (or other appropriate form).
- Offers valid only for new Checking accounts including SecureCare, CareFree, CareDiscover, CareMore, CompleteCare, and LifeDesign 18/65 accounts.
- All account applications are subject to approval.
- Offer is not valid for Fidelity Bank clients with an existing Fidelity Bank checking account and is limited to new checking account clients only.
- Limit one account per tax reported owner.
- Account must be open, active, and in good standing to receive the bonuses.
- Accounts closed within 6 months of receiving bonus will incur an early account termination fee.
- Promotional offer subject to change or cancellation at any time.
How does this personal checking offer from Fidelity Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
BMO
Personal Checking
- Bonus
- $350*
- Account Type
- Personal Checking
- Expires In
- 31 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 90 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Fidelity Co-operative Bank?
SecureCare Checking
Fees
SecureCare Checking charges a monthly maintenance fee of $5.95.
CompleteCare
Fees
CompleteCare does charge a monthly maintenance fee of $25, but there are ways to get this waived:
- Maintain a $25,000 average daily combined deposit balance and receive at least one monthly deposit.
CareMore
Fees
CareMore does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain a $5,000 average daily combined deposit balance and receive at least one monthly deposit.
CareDiscover
Fees
CareDiscover does not charge a monthly maintenance fee.
CareFree
Fees
CareFree does not charge a monthly maintenance fee.
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