[MA only] Cape Cod 5 Up To $250 Checking Bonus

Replace 8/16/25: Deal is again till 09/01/2025. Now for $300 as an alternative of $250.

Phrases say provide is non transferrable however seems to be prefer it’s from VALPAK so must be obtainable to all people.

Supply at a look

• Most bonus quantity: $250
• Availability: MA solely. Word: For the aim of opening an account on-line, the Financial institution’s space of service is: Counties: Barnstable, Nantucket, or Dukes Cities: Marion, Mattapoisett, Plymouth, Rochester, or Wareham is required.
• Direct deposit required: Sure, $1,000+
• Extra necessities: See beneath
• Laborious/gentle pull: Unknown
• ChexSystems: Unknown
• Bank card funding: Unknown 
• Month-to-month charges: None
• Early account termination charge: None
• Family restrict: One
• Expiration date: August 31, 2024

The Supply

Direct hyperlink to supply

• Cape Cod 5 is providing a 300 bonus once you open a brand new checking account and full the next necessities:
  • Use promo code NEWCHK300
  • Arrange a recurring direct deposit into the account of $1,000+
  • Make 10 debit card purchases within the first 60 days
  • Eligible Main and Free Checking accounts should have a mean steadiness of $1,000 or extra for 120 days after account opening.

The Positive Print

• To qualify for the bonus, a brand new checking account should be opened at Cape Cod 5’s Plymouth, Commerce Means Banking Middle or different Cape Cod 5 Banking Middle, or on-line utilizing the promo code VALP250 starting 05/01/2024 by 08/31/2024.
• Required qualifying direct deposits should be acquired by Cape Cod 5 inside 60 days of account opening and should whole $1,000 or extra.
• Qualifying direct deposits are recurring digital deposits of your paycheck, pension or authorities advantages out of your employer or a governmental entity to your checking account at Cape Cod 5.
• Particular person-to-person and financial institution transfers between your Cape Cod 5 accounts or accounts you’ve at different monetary establishments don’t qualify.
• You could additionally make ten (10) purchases with a Cape Cod 5 debit card linked to the account inside 60 days of account opening.
• Eligible Main and Free Checking accounts should have a mean steadiness of $1,000 or extra for 120 days after account opening.
• Bonus can be paid on to the qualifying eligible accounts inside 130 days of opening the account.
• The bonus is taken into account curiosity paid to the relevant account and can be reported to the IRS on Type 1099-INT at yr finish.
• New account is not going to be eligible for provide if any signer has signing authority on an current Cape Cod 5 client checking account or has closed an account inside the previous 90 days, or has been paid a money bonus or different promotional premium prior to now 12 months.
• If a number of accounts are opened with the identical signers, just one account can be eligible for the bonus.
• For this provide, signing authority can be outlined by the client identify(s) and Social Safety quantity(s) registered on the account. Staff and their rapid members of the family are usually not eligible.
• Supply is nontransferable and can’t be mixed with some other provides.
• Restrict one bonus per buyer and family.
• Eligible account should be open, be in good standing and have a optimistic steadiness on the time of the bonus payout with a view to obtain the bonus
• . Supply could also be prolonged, modified or discontinued at any time and will differ by market. All different guidelines and laws for checking accounts apply. Member FDIC.
• All checking account bonuses are handled as earnings/curiosity and as such you must pay taxes on them

Avoiding Charges

Month-to-month Charges

Free checking has no month-to-month charges to fret about.

Early Account Termination Charge

I wasn’t capable of finding a full charge schedule so I’m uncertain if there may be any early account termination charge or not.

Our Verdict

Similar as what was supplied earlier than, however there have been increased tiers prior to now as properly.

Helpful posts relating to financial institution bonuses:

Publish historical past:

• Replace 10/1/24: Prolonged till October 31, 2024
• Replace 9/5/24: Prolonged till 9/30/24