If you live in New England and have been looking for a straightforward bank bonus, Abington Bank has a solid deal right now. You can earn $300 just for opening a new Green Checking or NOW account. And if you're a current customer, you can get $50 for each friend you refer (or $100 for a business referral). But here's the catch: Abington Bank is merging with North Shore Bank, so this offer won't be around forever. Let me break down exactly how to get the cash, what you need to watch out for, and why you might want to jump on this soon.
How the $300 Bonus Works – No Direct Deposit Needed
You don't need to set up direct deposit to get the full $300. That's a big plus if your paycheck goes elsewhere or you're self-employed. Instead, you can earn the bonus in three chunks:
First, open a Green Checking or NOW account. You'll need at least $10 to get started. Then, within 60 days, either set up a direct deposit of at least $25 OR sign up for online banking and make 5 debit card purchases. That gets you $200.
Next, make 5 bill payments through online banking and enroll in eStatements within 60 days. That adds another $50. Finally, keep the account open for 12 months and you'll get a $50 loyalty bonus. So the total is $300, but it comes in three payments over a year.
- $200: Direct deposit ($25+) OR online banking + 5 debit card transactions within 60 days
- $50: 5 online bill payments + eStatements within 60 days
- $50: Loyalty bonus after 12 months
- Bonus paid by the end of the statement cycle following the 60th day (or 365th day for loyalty)
Referral Bonuses – Share the Love (and Get Paid)
If you're already an Abington Bank customer, you can earn $50 for every friend or family member who opens a new checking account using your referral. Just grab a referral card from a branch or print one from their website, write your name on it, and hand it out. The person you refer needs to either set up a direct deposit of at least $25 or make 5 debit card transactions within 60 days. You'll get your $50 after that.
For business accounts, the referral bonus is $100. You'll need to have a business checking account yourself, and the business you refer must open a new business checking account. The $100 goes into your business account.
- Personal referral: $50 per new checking account
- Business referral: $100 per new business checking account
- Referral cards available at branches or printable online
- Bonus paid after the referred person meets requirements (60 days)
Important: Abington Bank Is Merging with North Shore Bank
Here's something you need to know: Abington Bank is merging with North Shore Bank. Starting September 23, 2024, the Abington Bank website will redirect to NorthShore-Bank.com. That means if you're thinking about opening an account for this bonus, you should do it soon. The offer might not be available after the merger goes through.
Also, keep in mind that if you close the account within 12 months, you might lose the bonus or have to repay part of it. So plan to keep the account open for at least a year.
- Merger effective September 23, 2024
- Website will redirect to NorthShore-Bank.com
- Offer may end after merger – act now
- Account must be open 12 months to keep full bonus
Bottom Line
- You can earn $300 without direct deposit – just use debit card transactions and online bill pay.
- The $50 loyalty bonus requires keeping the account open for a full year, so don't close it early.
- Referral bonuses are easy – just hand out cards to friends or business contacts.
- Because of the merger, this offer might disappear soon. Apply before September 23 if you're interested.
- No monthly fees if you maintain a $250 daily balance in NOW Checking (Green Checking has no fees).
Common Questions
Do I need direct deposit to get the $300 bonus?
No. You can qualify by signing up for online banking and making 5 debit card transactions instead. The direct deposit option is there if you want it, but it's not required.
How long do I need to keep the account open?
To keep the full $300, you need to keep the account open for 12 months. If you close it earlier, you might have to forfeit the $50 loyalty bonus or even repay the other bonuses.
What happens after the merger with North Shore Bank?
After September 23, 2024, Abington Bank's website will redirect to NorthShore-Bank.com. Your account should transition automatically, but it's a good idea to check with the bank about how the merger affects existing promotions.
Can I get both the $300 bonus and a referral bonus?
Yes, you can earn the $300 for opening your own account and then refer friends to earn $50 each. Just make sure you're a current customer before referring.
Comments (0)
No comments yet. Be the first to share your thoughts!
Leave a Comment