Webster Bank Private Banking Checking up to $500 Bonus

Webster Bank logo

Webster Bank : Private Banking Checking

up to $500

2.6

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Open a new or have an existing Private Bank checking account.
  2. Deposit $250,000 - $499,999 in new money to establish your bonus tier.
  3. Within the first 3 statement cycles, you'll earn $250 for each statement cycle that you maintain a minimum daily balance of $250,000 and make a direct deposit of at least $1,000. Max bonus of $500.
  4. The cash bonus payment will be paid on the last day of the evaluated statement cycle.

Available in Your Area?

No

Monthly Fees?

No

Open Online?

No

Credit Pull?

Unknown

Webster Bank is offering new and existing Private Banking clients up to $500 to add new money. If you have more than 500,000 you may be eligible for a bonus up to $1,000 (check out similar offers).

This is an easy bonus if you have the cash. One note: you'll need to open the account in a branch. We also couldn't find any information about monthly fees, so be sure to verify that when evaluating the offer.

How To Earn The Bonus

The Webster Bank Private Banking Checking promotion requires you to set up direct deposits and deposit and maintain a minimum balance in order to earn the up to $500 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

  • Once you deposit the new money minimum related to one of the above tiers, you are locked into that offer, and if the average daily balance falls below the amount required for that tier, you will not receive a cash bonus payment.
  • Your account must be open at the time the bonus is credited.
  • This offer can be revoked at any time.

How does this personal checking offer from Webster Bank compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Citi®

Enhanced Direct Deposit

Bonus
$300
Account Type
Personal Checking
Expires In
102 days
Requires
  • Direct Deposit

TD Bank

Beyond Checking

Bonus
$300
Account Type
Personal Checking
Expires In
3 days
Requires
  • Direct Deposit

PNC

Virtual Wallet®

Bonus
up to $400
Account Type
Personal Checking
Expires In
33 days
Requires
  • Direct Deposit

Why Webster Bank?

Webster Bank was founded in 1870 and is headquartered in Connecticut. It has branches in Connecticut, Massachusetts, New York and Rhode Island.

Like similar regional banks, Webster prides itself on contributing to the local community, donating $4.5 million and more than 100,000 employee hours each year.

The bank offers personal and business accounts, and also owns HSA Bank, which is an HSA administer with more than 3 million members.

Private Banking Checking

Fees

Private Banking Checking charges a monthly maintenance fee of $-1.

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