Earn Up To $150 With The Bank of Maine's Promise Rewards Checking Bonus

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Availability: Residents of Maine, New Hampshire, and Massachusetts

The Bank of Maine is offering a signing bonus up to $150 when opening a new Promise Rewards Checking account. The $150 bonus is actually three $50 bonuses, each fulfilling a different requirement.

General Requirements:

  • Minimum opening deposit of $25.
  • Sign up for online statements.
  • Use the bill pay service.
  • Have a recurring Direct Deposit (payroll, pension, Social Security, etc.).
  • Must not have had a Promise Rewards checking account within the previous 6 months.
  • Account must be in open and in good standing to earn bonuses.
  • No monthly service charges.
  • $25 closing fee if account is cancelled within 90 days of opening.

Specific Requirements

  • $50 bonus if 10 debit card purchases (used as credit) post and clear in second statement cycle.
  • $50 bonus if Direct Deposit occurs by end of second statement cycle.
  • $50 bonus if 5 bill payments to 5 different payees of at least $25 post and clear during second statement cycle.

In addition, the Promise Rewards checking will pay a 10-cent Cash-Back Rewards for every debit card purchased used as credit, and every Direct Deposit that posts and clears. There is a limit of $30 per statement cycle for Cash-Back Rewards.

As the official bank of Sunday River and Sugarloaf ski areas, The Bank of Maine offers a ski lift promotion when opening a Promise Rewards checking account.

Earn a FREE ski lift ticket to Sunday River/Sugarloaf when you show us your ski lift ticket and open a Promise Rewards checking account. It's a mountain of rewards! Limited time offer. Lift ticket provided at account opening.

Availability

The Bank of Maine accounts are available to individuals residing Maine, New Hampshire, and Massachusetts.

The Promise Rewards checking account can be opened online, or at any of 27 Maine branches located in Augusta (3), Bath, Boothbay Harbor, Bruswick (2), Calais, Caribou, Falmouth, Gardiner, Hallowell, Kennebunk, Lincoln, Machias, Manchester, Oakland, Portland, Presque Isle, Randolph, Richmond, Saco, Topsham, Waterville, Winthrop, Wiscasset, and York.

Bank Overview

The Bank of Maine has an overall health rating of "A" on DepositAccounts.com, with a Texas Ratio of 10.63% (excellent), based on December 31, 2014 data. In the past year, The Bank of Maine increased its total deposits by $32.01 Million, an excellent annual growth rate of 5.12%. Please refer to our financial overview of The Bank of Maine for more details.

The Bank of Maine (FDIC Certificate # 19686) is Maine’s second oldest bank, having been established in 1834 as the Gardiner Savings Institution. The Bank’s founder, Robert Hallowell Gardiner, used his office for the one hour a week that the Bank was open. For more than a century, Gardiner Savings’ growth was modest, to say the least, with a single branch serving customers until 1956. A merger with Hallowell Savings and Loan in 1979 started a rapid expansion, including mergers and acquisitions of several community banks. The name was changed to Savings Bank of Maine in 2007, and is known today as The Bank of Maine.

Other Bank Promotions and Bonuses

Not eligible for the The Bank of Maine Promise Reward checking bonus? 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.

Comments
Top Checking Account Features and Bonus at The Bank of Maine

Checking account bonuses often require opening a checking account that you probably won’t want to keep for the long term. If you’re not careful, you may lose more in fees with these checking accounts than you’ll make from the bonus. That’s not the case with The Bank of Maine and its Promise Rewards Checking account. This is one of the rare cases where you can earn a sizable new-account bonus on a checking account that you’ll want to keep for the long run. The checking account has no monthly service...

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5.50% 12-Month CD at a Maine Bank (Rivergreen).
Rivergreen Bank has a promotional certificate of deposit as part of its grand opening of the branch at 659 Route 1 in York. It's called a Super Saver CD and it pays 5.50% APY for a one year term. The minimum is $1,000. It's available until 1/20/07. This special doesn't seem to be listed at the bank's website. It's described in an ad that was published on 1/11/07 and is available online here.

In addition to the new branch at York, the bank also has branches in Kennebunk and Saco, Maine....

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