Dedicated to Deposits: Deals, Data, and Discussion

$100 Checking Account Promotion at Susquehanna Bank in Parts of PA, MD, NJ & WV Only

POSTED ON BY

Susquehanna Bank

Susquehanna Bank is offering a $100 bonus for opening a personal checking account and for completing 5 transactions each month for the first four months. The offer is listed at this Susquehanna Bank promo page, and it requires that you fill in the form to receive a $100 offer coupon in the email. You then need to print the coupon and take it to a Susquehanna Bank branch near you. The offer is scheduled to end on 5/26/12.

The following is the offer's small print:

Transaction Reward: Complete 5 transactions in each of the four calendar months following account opening and receive a $25 credit for each month the 5 transactions are completed. Transactions include, but are not limited to, direct deposits, ATM and over-the-counter deposits and withdrawals, Visa® Check Card purchases, checks, electronic and online banking payments, and automatic funds transfers. Transactions do not include bank fees, service charges, or other non-customer-initiated transactions. All rewards will be deposited to your Susquehanna Bank checking account by the 15th day of the month following the calendar month the qualifying transactions occur. Limit one $25 transaction reward credit per month per customer household. Maximum reward amount $100. We reserve the right to disqualify any credits in circumstances where we reasonably believe accounts were not opened in good faith or if accounts are not in an active open status at the time rewards are paid. New checking accounts are subject to approval. Not valid with other offers, and may be withdrawn, modified or subject to change at any time.

Credit for this find goes to ichaelm who mentioned it at iBankDesign.

Bank's Free Checking Account

The bank's free checking account qualifies for this promotion. A minimum deposit of $25 is required to open the account. It has no minimum balance requirement and no monthly fees.

When I contacted this bank in 2010 about a previous promotion, the CSR said there is no hard credit pull. They only do ChexSystem verification in the application. I asked if multiple ChexSystem inquiries would be an issue. I didn't get a clear answer about this, but the CSR said that they are mostly concerned with negative items on the ChexSystems history like bounced checks.

Bank Overview

Susquehanna Bank branches are located in many cities in Maryland, Pennsylvania, West Virginia and New Jersey.

Susquehanna Bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 8.20% (above average) based on December 2011 data. It's a sizable bank with $14.85 billion in assets. Please refer to our financial overview of Susquehanna Bank for more details. The bank has been a FDIC member since 1934 (Certificate # 9694).

Other Bank Bonuses

We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.

You can view my latest bank bonus blog posts in this bank bonus page. I and DepositAccounts.com readers often post on bonuses in the checking account deals forum. I just posted on a $300 promotion yesterday.


  Tags: Pennsylvania, Maryland, Susquehanna Bank, New Jersey, West Virginia, checking account

Related Posts

Comments
5 Comments.
Comment #1 by Anonymous posted on
Anonymous
the offer mentions a code to enter if done online....does it really need to be done at a branch?  Also, if it's 5 transactions/month, then it's 20 transactions?  no minimum to the amount of the transactions?  just curious.

1
Comment #2 by KenBDG posted on
KenBDG
You're right. The promo page does list a "in a hurry" option with an online application link and an offer code. Note, I've been told in the past that they only open accounts for people in their market area.

About minimum amounts for the transactions, I see no minimums mentioned in the small print.

1
Comment #3 by jujubee posted on
jujubee
My experience is that they are indeed picky about what they consider to be their "market area". I tried to open this account the last time they had a similar promotion in 2010. At that time I lived about an hour from their nearest branch, in the same state. They told me they would not open the account for me because I was "not in their market area". I think they are really looking for people who are going to make it their primary checking account and come into the branch frequently.

You could try opening it online but I would expect that you'd need to live within a few miles of a branch to be approved.

2
Comment #4 by Anonymous posted on
Anonymous
During their last promotion I became aware that rate/reward chasers are unwelcome at Susquehanna. The in-branch application was going swimmingly until the rep pulled up my ChexSystem report. She claimed there was a problem with it - that she could not divulge - and therefore could not open the checking account. I went home and requested my report; nothing wrong with it, just a handful of accounts opened in the last year.

2
Comment #5 by Anonymous posted on
Anonymous
Limit one $25 transaction reward credit per month per customer household.

so, per person? or per address?

 

1