UPDATE 1/30/17: Available now through February 24, 2017.
Now through February 24, 2017, 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 a single direct deposit of $500 or more that posts
to your new account within 60 days of account opening.
That’s it - nothing more, nothing less.
Previous Citizens Bank supermarket branch promotions required online banking and online bill payments to qualify for 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 within 90 days after the first qualified direct deposit has posted, labeled as "Balance Builder Bonus."
- One bonus per customer.
Since I last wrote about this checking bonus, Citizens Bank has changed its line-up of checking accounts, eliminating its Value Checking, Personal Checking with Interest, and Circle Gold Checking with Interest. The three checking accounts that qualify for the $150 are as follows:
- One Deposit Checking - $9.99 monthly fee waived with one deposit (any amount) per statement period.
- Platinum Checking - $25 monthly fee waived with $25k combined monthly balances.
- Platinum Plus Checking - $25 monthly fee waived with $25k combined monthly balances, AND $5k+ monthly deposits OR $10k average daily balance.
Complete details on all three 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 4.96% (excellent) as of September 30, 2016. In the past year, Citizens Bank has increased its total non-brokered deposits by $5.94 billion, an excellent annual growth rate of 7.9%. 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 25 largest commercial banking companies in the country. With over $114 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 other requirement than a single direct deposit of at $500 with 60 days of account opening, this appears to be an easy $150 bonus.
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.