Now through February 26, 2016, you can earn $150 by opening a new Citizens Bank personal checking account at any of the Bank’s supermarket branches. According to the promotional page, there is only requirement to meet:
Set up direct deposit of $250 or more that posts
to your new account within 60 days of account opening.
That’s it - nothing more, nothing less.
The last time Citizens Bank had a supermarket branch promotion, online banking enrollment and online bill payments were required to obtain the bonus.
- Not available to those who have been a primary or secondary signer on any Citizens Bank personal checking account in the previous six months.
- Account must be open and in good standing to receive the $150 bonus.
- Bonus will be deposited into checking account by June 30, 2016, labeled as "Balance Builder Bonus."
- One bonus per customer.
Citizens Bank has four checking accounts, any of which qualify for the $150 bonus:
- One Deposit Checking - $9.99 monthly fee waived with one deposit (any amount) per statement period.
- Value Checking - $3.99 monthly fee cannot be waived.
- Personal Checking With Interest - $11.99 monthly fee waived if a $2.5K daily average balance is maintained.
- Circle Gold Checking With Interest - $20.00 monthly fee waived if $20K monthly combined balance (including deposit, loan and investment accounts) is maintained
Complete details on all four checking accounts can be found in the Compare Checking Accounts page.
The $150 checking bonus is available in Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont, with eligibility based on Zip Code. Account eligibility can be determined on the first page of the online application by entering the applicant's Zip Code.
As mentioned earlier, this promotion is only available in Citizens Bank supermarket branches, which can be located using the Bank’s Branch/ATM Locator.
Citizens Bank (FDIC Certificate # 59757) has an "A+" rating at DepositAccounts.com, with a Texas Ratio of 4.54% (excellent) as of September 30, 2015. In the past year, Citizens Bank has increased its total deposits by $6.17 Billion, an excellent annual growth rate of 8.94%. Please refer to our financial overview of Citizens Bank for more details.
Citizens Bank traces its origins to High Street Bank, which was established in 1828 in Providence, Rhode Island. In 1871, the Bank established its own savings bank, Citizens Savings Bank. Through over 30 acquisitions and natural growth, Citizens Bank evolved from the fifth-largest bank in the smallest state in the U.S. into its current position as one of the 15 largest commercial banking companies in the country. With over $104 Billion in assets, the Bank’s expanded footprint, from New England into the Mid-Atlantic and the Midwest, encompasses 30 percent of the U.S. population.
How the Checking Bonus Compares
One attractive feature of Citizens Bank's checking bonuses is that it’s possible to "churn" them every year or so, as the Bank, in the past, has required that signers not be on a checking account only in the previous six months.
With no early account termination fee, it would be possible to open a One Deposit Checking with a $25 minimum deposit, have a $250 direct deposit, make one small deposit monthly (as little as $1), keep the account for approximately four months (bonus to be credited by June 30, 2016), and earn an easy $150.
Other Bank Promotions and Bonuses
Not eligible for Citizens Bank’s supermarket checking bonuses? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.