[OH] Westfield Bank $100 Checking Bonus – No Direct Deposit Required

Update 5/1/21: Deal is back and valid until December 31, 2021. Hat tip to -Ying Liang

Update 10/18/20: Deal is back and valid until December 31, 2020.

Offer at a glance

• Maximum bonus amount: $100
• Availability: Offer available to Ohio residents only
• Direct deposit required: Yes, or recurring ACH deposit
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: One
• Expiration date: September 6th, 2019 December 31, 2020

The Offer

Direct link to offer

• Westfield Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
  • Open new account with at least $250
  • Receive a monthly direct deposit or recurring ACH debit/credit

The Fine Print

• To obtain the $100 bonus, a new Dream Big, Dream Big with Savings, Reserve, Simply, or 50+ Checking account must be opened with an initial deposit of at least $250 on or before September 6, 2019.
• The new account must be opened with money not currently on deposit at Westfield Bank, FSB, and a monthly direct deposit or recurring ACH debit/credit must be established.
• We will pay the bonus by crediting $100 to your new Westfield Bank checking account as interest within 10 days of account opening and after the required minimum opening deposit is made.
• There is a limit of one bonus per household (same address). The bonus will be reported to the IRS as interest income.
• Your account must remain open for 180 calendar days, or the amount of the bonus will be deducted from the account at closing.
• Offer available to Ohio residents only. Individual account terms and conditions apply.
• This offer is not available to individuals who have received a bonus from Westfield Bank in the last 12 months.
• 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 dream big account with no monthly fees to worry about.

Early Account Termination Fee

There is a $50 fee if you close your account within 12 months of account opening.

Our Verdict

Probably worth doing as it’s a soft pull and can easily meet the requirements.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• 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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• Bank Bonus Posting Times