Canandaigua National Bank $300 – NY

Offer at a glance

• Maximum bonus amount: $300
• Availability: NY only
• Direct deposit required: Yes, in 2nd and 3rd month account is opening
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, sensitive
• Credit card funding: Unknown 
• Monthly fees: $8, avoidable 
• Early account termination fee: $35, six months
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Canandaigua National Bank is offering a $300 bonus when you open a new checking account and complete the following requirements: 
  • Use promo code 300SWITCH to open a Optimum or e-ssentials checking account
  • Enroll in e-statement within the first 30 days.
  • Initiate direct deposit with at least one direct deposit in the 2nd and 3rd month the account is open.
  • Complete five (5) Point of Sale (POS) Debit Mastercard® debit card transactions in the 2nd and 3rd month the account is open.

The Fine Print

• This promotional offer is valid only to new Optimum or e-ssentials Checking Accounts opened online with a valid offer code.
• To be eligible, the following must occur within the first 90 days following account opening:
• First 30 days: e-statement enrollment. Days 31-60: one (1) direct deposit and five (5) POS Debit Mastercard® transactions.
• Days 61-90: one (1) direct deposit and five (5) POS Debit Mastercard® transactions. If this eligibility requirement is satisfied, your Optimum or e-ssentials Checking Account will be credited in the amount of $300 within 60 days of meeting the eligibility criteria.
• Accountholder assumes tax reporting responsibility.
• The reward is not available for Optimum or e-ssentials accounts that result from the conversion of any existing checking account
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

e-ssentials Checking has the following monthly fees:

• With direct deposit and e-statement: $0
• With direct deposit or e-statement: $3
• With neither direct deposit nor e-statement:  $8

Early Account Termination Fee

$35 if closed in 6 months

Our Verdict

Annoying that the requirements need to be met over multiple months but still worth it for a $300 bonus. 

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