Available in Massachusetts and New Hampshire with the ability to open online, StonehamBank is offering a $300 welcome bonus when you open a new Optimum One or Optimum Plus checking account and set up direct deposit. It's primarily focused on their Billerica Branch; however, they specifically mention you can open online or via video chat as well.
How To Earn The Bonus
The StonehamBank Optimum Checking promotion requires you to set up eligible direct deposits in order to earn the $300 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
- Qualifying direct deposits include paychecks, pensions, government benefits (such as Social Security), or other eligible regular monthly income from employers or the government, electronically deposited into the checking account, with a minimum of $500.
- You must not currently have a StonehamBank personal checking account or have had one in the last 12 months.
- The account must remain open, active, and in good standing to receive the bonus.
- In the event of the checking account’s closure by the customer or StonehamBank within 6 months of the account opening, StonehamBank reserves the right to deduct the bonus amount from any of the involved accounts upon closure.
Open a Optimum Checking account before the bonus expires
How does this personal checking offer from StonehamBank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 48 days
- Requires
- Direct Deposit
Truist
Truist One Checking
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 48 days
- Requires
- Direct Deposit
BMO
Personal Checking
- Bonus
- $350 Bonus*
- Account Type
- Personal Checking
- Expires In
- 50 days
- Requires
- Direct Deposit
Why StonehamBank?
Optimum One
Fees
Optimum One does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain an average daily balance of $1,500.
- OR, make $500 in direct deposits.
- OR, use your debit card 5 times
Optimum Plus
Fees
Optimum Plus does charge a monthly maintenance fee of $15, but there are ways to get this waived:
- Maintain an average daily balance of $10,000.
- OR, have a combined average deposit balance of $25,000 or greater
Apply now for a Optimum Checking account to earn the $300 bonus offer
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