[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 a substitute of $250.

Phrases say supply is non transferrable however appears to be like prefer it’s from VALPAK so ought to be accessible to all people.

Provide at a look

• Most bonus quantity: $250
• Availability: MA solely. Be aware: 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 under
• Arduous/smooth pull: Unknown
• ChexSystems: Unknown
• Bank card funding: Unknown 
• Month-to-month charges: None
• Early account termination payment: None
• Family restrict: One
• Expiration date: August 31, 2024

The Provide

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 Fantastic 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 via 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 got at different monetary establishments don’t qualify.
• You have to 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 will probably 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 will probably be reported to the IRS on Type 1099-INT at 12 months finish.
• New account is not going to be eligible for supply if any signer has signing authority on an present 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 previously 12 months.
• If a number of accounts are opened with the identical signers, just one account will probably be eligible for the bonus.
• For this supply, signing authority will probably be outlined by the client title(s) and Social Safety quantity(s) registered on the account. Workers and their instant relations should not eligible.
• Provide is nontransferable and can’t be mixed with some other affords.
• 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 in an effort to obtain the bonus
• . Provide could also be prolonged, modified or discontinued at any time and should range by market. All different guidelines and laws for checking accounts apply. Member FDIC.
• All checking account bonuses are handled as revenue/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 payment schedule so I’m not sure if there’s any early account termination payment or not.

Our Verdict

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

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Submit historical past:

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