Dedicated to Deposits: Deals, Data, and Discussion

$100 Checking Account Bonus at Webster Bank


Webster Bank
Webster Bank is offering up to $100 for opening a checking account. As typical, it requires some work. The promotional page link is available from this checking account page (green button link on upper right side). Here are the requirements to receive the $100 after you open the checking account:
  • $20 for your first Direct Deposit
  • + $20 for paying 3 bills online
  • + $20 for making 3 purchases with your Visa Check Card
  • + $40 bonus if you do all three

The checking account must be opened by 3/7/08, and is available to new checking account customers only. All activities must be completed by 5/9/08 to qualify for the bonus.

The promo page states that you automatically qualify for this offer if you apply online. I called the bank, and I was told that people in any state can apply and qualify for the bonus. Also, I was told there's no hard credit pull. They just do a ChexSystem verification. Note, this is based on what the CSR told me. He didn't sound 100% sure on these issues so please let me know in the comments if you find any complications.

Branches are located throughout Southern New England and in Westchester County, New York. The bank is FDIC insured (Certificate # 18221).

  Tags: Massachusetts, New York, Rhode Island, Webster Bank, checking account, Connecticut

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Comment #1 by fumio (anonymous) posted on
I would like to try. Promotion requirements are not too dificult to do. Only one Direct Deposit? I can just do with my e-Bay transaction.

However, I searched Webster Bank and found this.
Their overdraft fee seems very high and transaction seems to have problems.
You better wait a few days to start debit puarchase or bill payment.

Comment #2 by Anonymous posted on
The CSR had correct information, I checked it out as well.

Comment #3 by fumio (anonymous) posted on
I opened an account with Webster.
I have difficulty funding $50 as initial deposit and have been calling them how to deposit. I live in California so there's no ATM around here.

Did anyone notice that this bank was not FDIC member?

Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
Not a FDIC memer? I included a link to their FDIC information in the post. Please note that the FDIC website has been very flaky and slow in the last few days.

Comment #5 by Anonymous posted on
I am midway thru the application and get this screen
Authorize Identity Check
Your information will be verified with a third party vendor, Equifax Secure, Inc. Please carefully read the following statement authorizing Webster Bank and Equifax Secure to ask you questions based on your credit file.

NOTE: This transaction will NOT appear on your credit report as an inquiry for credit.

I authorize Equifax Secure, Inc. to access my credit file to authenticate my identity and facilitate the processing of this application. I understand that I may be asked questions based on information in my credit file as part of this process.

So I guess the CSR is right.

Comment #6 by Anonymous posted on
I am the person who just left a comment. I am done with the app but again there is no way to do any initial funding. I guess I'll just return a check with the docs in the new account package

Comment #7 by Anonymous posted on
I spoke with a CSR (who sounded knowledgable) and was told the initial funding can be done by including a check in the return envelope they send along with signature documents.