[Expired] [FL, MA, NJ, NY, VT] Trustco Bank $125 Personal Checking Bonus + $75 Savings Bonus

Promotion has now ended, view more checking promos by clicking here

Offer at a glance

• Maximum bonus amount: $200
• Availability: FL, MA, NJ, NY, VT, must open in branch [Branch locator]
• Direct deposit required: Yes, no minimum mentioned. Previously it was full paycheck/benefits
• Additional requirements: None
• Hard/soft pull: Soft
• Chexsystems: Yes
• Credit card funding: Can’t be funded with a credit card
• Monthly fees: None
• Early account termination fee: $26 if closed within three months + you forfeit bonus
• Household limit: None listed
• Expiration date: December 31st, 2019

The Offer

Direct link to offer

• Trustco Bank is offering bonuses of up to $200 when you open new accounts. Bonuses are as follows:
  • Get $125 when you open a new Town Premier Checking or Home Town Free Checking Account and complete the following requirements:
    • Make 5 debit card transactions
    • Receive a direct deposit
  • Get $200 when you open a new Town Premier Checking or Home Town Free Checking Account and complete the following requirements:
    • Receive a direct deposit
    • Open a statement savings account with a minimum of $5,000

The Fine Print

• Promotional offer valid from 10/3/19 until 12/31/19.
• To receive the $125, you must open a Home Town Premier Checking or Home Town Free Checking Account with Direct Deposit.
• Minimum of $50 to open a Home Town Premier or Home Town Free Checking Account.
• To receive the $200, you must open a Home Town Premier Checking or Home Town Free Checking Account with Direct Deposit and a new Savings Account with a minimum of $5,000 (Club Accounts excluded)
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about.

Early Account Termination Fee

If the account is closed within three months you have to pay a $26 fee, you also forfeit the bonus.

Our Verdict

Previously the best bonus was $125 + $50 savings, so this is slightly better but I think last time there was no deposit requirement. Not a huge bonus, but likely still worth doing for people that have already done bigger bonuses in the area. I’ll be adding this to our list of the best checking account bonuses.

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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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