Extended to 12/31/26
Update 7/25/26: There is a new $300 checking, $300 savings and $900 bonus if you do both. Also seems like you can reside in CT, MA, ME, NH, NJ, NY, RI or VT now. End date is 30 Sept 2026
Update 2/14/26: Valid through 3/31/26. Santander acquiring Webster so maybe last chance.
Offer now says it ends on January 5
Update 12/20/25: Deal is back, no end date listed and no targeted language. This time only a $300 bonus is available. This offer is in branch only so might be targeted when you go in branch? Hat tip to reader Chris
Update 2/21/21: Deal is back until 04/30/2021. Hat tip to reader Mark A
Offer at a glance
- Maximum bonus amount: $350 personal and $350 business
- Availability: Valid for residents in NY, MA, RI, and CT
- Direct deposit required: Yes, $500+
- Additional requirements: Yes, see below
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: $11.95- $21.95, waivable
- Early account termination fee: $15 if closed within 90 days
- Expiration date:
March 10th, 2017May 12th, 2017 July 14th, 2017 October 6th, 2017June 8th, 2018 September 7th, 2018 June 28th, 2019September 30th, 2019 August 29th, 2020February 26, 2020
Our Verdict
- Webster Bank are offering a bonus up to $300 when you open a new Webster Connect Checking, Choice Checking, Premium Checking, Private Checking account.
- Have qualifying direct deposits totaling $500 or more post to your new eligible checking account within 90 days of account opening
- Receive a $300 bonus when you open Savings, Premium Savings, Private Savings.
- Deposit $15,000 within 15 days of account opening
- Maintain a balance of $15,000 or more for 90 days
of $250 or $400 for opening a new checking account. Let’s take a quick look at both offers:Open a Webster Value Checking account and receive a bonus of $250 when you do the following:Use promo code $250VALUE-MOV-FEB-APR21Minimum deposit of $50Complete one qualifying direct deposit OR have average account balance greater than or equal to $1,000 in the calendar month ending 04/30/2021
Open a Webster Value Premier account and receive a bonus of $400 when you do the following:Use promo code $400PREMIER-MOV-FEB-APR21Minimum deposit of $500Complete one qualifying direct deposit OR have average account balance greater than or equal to $10,000 in the calendar month ending 04/30/2021
The Fine Print
- This is an exclusive, non-transferable offer, available to the addressee of our direct mail or email offer
- Promotion valid for new checking accounts opened between 04/16/2018 and 06/08/2018 meeting minimum opening balance requirements.
- Customer must be a resident of NY, MA, RI or CT at time of account opening and promotion payout.
- Customer must have a direct deposit of $500 or more (Direct Deposit transactions are limited to payroll, social security, pension, and government benefits; PayPal® and Venmo transactions are excluded) between the month the account was opened and 09/30/2018. OR Customer must have an average account balance greater than or equal to $10,000 for the calendar month ending 09/30/2018.
- To be eligible, the primary customer must qualify for Premier Checking and must not have had an open checking account since 04/01/2017 at Webster Bank.
- Account must be in good standing at the time of payout; an account is considered to be in good standing if it has a positive balance and is not in the process of being closed.
- All funds will be transferred into the newly established checking account by 11/15/2018.
- All amounts will be reported to the IRS, and customer is responsible for any applicable taxes.
- Cannot be combined with any other offers from Webster.
- Please present this mailer to receive the offer and speak to a Webster banker for details. Rates shown for any product or tier are subject to change at any time.
- This is an exclusive, nontransferable offer, available to the addressee of our direct mail offer.
- One offer per household.
Avoiding Fees
There is also a $2 fee for paper statements, avoided with eStatements.
Webster Value Checking $11.95 Monthly Fee
This account has a $11.95 monthly fee, this is waived when you meet one of the following requirements during your monthly statement cycle:
- Maintain a monthly average balance of at least $1,000
- Are age 65 or older and have at least one direct deposit
- Have at least 10 debit card purchases (PIN or signature) post to your account during the statement period (ATM transactions do not qualify, nor do any purchases using an ATM-only card).
Webster Premier Checking $21.95 Monthly Fee
This account has a $21.95 monthly fee, this is waived if you meet any of the following requirements during your monthly statement cycle:
- With a $2,500 checking or $10,000 combined deposit balance, including checking, savings, MMAs, IRAs and CDs.
Early Account Termination Fee $15
If account is closed within 90 days a $15 fee is charged.
Our Verdict
Would definitely be worth doing, but it’s a shame about the targeted language. I haven’t seen that on previous offers before so not sure if it’s enforced or not. It’s nice there is no direct deposit required, but a $10,000 balance is required. Best case scenario you open the account in early June and then close it after the bonus posts. I would add this to our best checking sign up bonuses page because of how good a deal it is, but I won’t due to the the targeted language.
Big thanks to reader, David who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
Big thanks goes to reader Curmudgeon for sending this through
Post history:
- Update 12/2/20: Deal is back until 02/26/2021.
- Update 9/18/20: Deal is back until November 30, 2020.
- Update 6/20/20: Extended until August 29th, 2020. Hat tip to EdwardD
- Update 5/3/20: Extended until May 30th, 2020. Hat tip to EdwardD
- Update 4/13/20: Deal has been extended until April 30th, 2020.
- Update 2/2/20: Deal has been extended until March 31st, 2020.
- Update 1/13/2020: Deal is back and valid January 31st, 2020.
- Update 10/3/19: Deal is back and valid until December 31st, 2019
- Update 7/2/19: Deal is back and valid until, bonuses have been increased to $250 & $400. Valid until September 30th, 2019.
- Update 4/23/19: Deal is back and valid until 06/28/2019
- Update 1/27/19: Deal is back and valid until March 29th, 2019. Still contains the targeted language. Hat tip to happ316
- Update 07/28.18: Deal is back until September 7th, 2018 Matt K. Still contains the targeted language.
- Update 05/23/18: Bonus is back, but contains targeted language: This is an exclusive, non-transferable offer, available to the addressee of our direct mail or email offer. Hat tip to David.
offer extended till december 2026
Idk why you wouldn’t do the savings offer for an additional $600. It’s equivalent to a 16% APY on the 15k
Auto-approved online. Chex pull as Webster Bank, 0/1 4/3 7/6 18/12 32/24 40 total. Required biometric verification via photo of ID and selfie through IDVerse (it also asked for Motion and Rotational Access, which I don’t remember ever experiencing before). If it’s ever relevant, there was no promo code box visible anywhere on the application. Like others I also had trouble signing up for online banking, but on desktop and on the app, and over multiple days so it wasn’t an issue of system lag. Called in a few times and the first time they said more than three failed attempts to enroll got it locked for 24 hours (it wasn’t clear if they meant it was the third failed attempt that triggered it or the fourth), so that may have been happening. However, the second time I called — 24 hours later when it still didn’t work — the representative said there was no security word set up even though I’d picked one in the application, which would’ve been the main reason why enrollment was failing. The representative wasn’t sure why (maybe that it was all numbers, or the length?), but was able to reset it after asking some multiple-choice identity verification questions from public records. I was also asked for ID number at some point, which I can’t remember ever having to do on the phone. Online banking enrollment worked fine with the new security word. That call overall took about 15 minutes and was very friendly.
Thanks!
interesting. I pushed from both current with “payroll” in memo and robinhood banking checking and haven’t had any movement in the past couple of weeks. hoping it works!
I believe the terms were different for the offer that I was enrolled in. Back then, payout was per statement cycle, so i received 150 one month, followed by another 150 the next month. No reason to think Current isn’t still working though. It is generally very reliable as a DD method.
do you recall how long it took to post following the deposit?
I opened in branch in Jan, where they pulled chex. I dont think they are, at least in branch. I was 3/1, 5/3, 15/6, 27/12
Doesn’t say if they are Chex sensitive?
This place sounds scary. Lots of bonus payout issues I’ve never heard of before even after meeting all requirements. Take a look at this one. https://www.doctorofcredit.com/ny-ma-ri-ct-webster-bank-100-350-checking-bonus-direct-deposit-not-required/#comment-2263795 Unreal! Buyer beware.
Opening in-branch allows you to open the Choice checking and savings that has a lower maintenance fee requirement than Premium checking combo. That pushed me to open it in-branch.
Mine is coded the same
How did the direct deposit code as? On the website under “Type” it says “Credit” for me. On the app it says “Deposit”
Not especially inspiring as the offer expires on September 30th.
Technically this bonus could also be used on other accounts (e.g. choice checking) but that requires opening in person. When opening online, it requires premium (I agree on you calling it out, just wanted to clarify the option for folks).
Probably no DPs yet for this $900 bonus since it requires a 90 day hold. Might get some DPs in late October – November
This bonus is for the Premium Checking + Premium Savings accounts. You can avoid the $15 monthly maintenance fee by keeping $2,500 in checking or $10,000 combined deposit balances, including CDs.
Opened Premium checking 7/27 Real DD 7/31 No bonus as of 8/31 Terms say payout within 30 days after initial 90 day requirements are met. I’m not sure if this means 30 days after the initial 90 or 30 days after DD
For Choice checking:avoid monthly fee (info above aoears to be dated)- $1,500 Checking balance OR $3,000 combined deposit balances, including Checking, Savings, MMAs, IRAs and CDs OR direct deposit or other recurring ACH credits (any amount), or 10 or more debit card purchases per statement cycle
If you opened this checking account recently, how long did it take to receive the bonus after completing the qualifying direct deposit?
I also couldn’t do online banking enrollment, always getting an error about them being unable to verify my credentials. I tried what I could on their site (didn’t think to try the app), including trying to reset password (they had the wrong phone number there; if you try random user IDs, they seem to always have a supposed phone number attached, so that’s not evidence that enrollment succeeded) and retrieve user ID (the link is broken). I called once, was told they’d call me back to set it up manually. They might’ve, from (212) 351-5430 but there was no caller ID or voice mail, so I don’t know. I spent an hour on the phone today and the agent reset my password. I tried asking if there’s a grace period on the maintenance fee, but she gave the impression it was immediate (but also had to put me on hold even to confirm for herself that there is a fee). Lost out on the $900 Savings bonus—this bank is a real pain.
Just curious if current fake DD worked recently? Last instance I see is from March. For me it shows as type: credit. I cant figure out if its taken as direct deposit or not.
Look at the terms & conditions. Neither one mentions the other at least for now
To avoid all fees we can just keep $15k in the savings account for 15+90 days to meet the bonus requirement, then move $2500 to the checking account and withdraw the remainder of $12500?
Santander just finished the acquisiton of Webster today. Would I still be eligible for the Santander bonus now that Webster is a divison of Santander?
Happened to me too–I called and they weren’t any help, but then I tried downloading the app and entering the exact same information and it worked.
Thanks . I sent them a message, they asked me to choose one, discard the order and tell them the one I chose, they would keep for their record. I want to keep both cards unactivated. Does this affect the bonus?
Same. I called and asked, one is for Checking and the other for Savings
Just to clarify, when you sent the money from Relay, did you use “Send a Payment” or “Transfer Money”?
P2 received two debit cards, different numbers, don’t know why? Also wondering which one to activate or both or not activating either of them.