Update 5/1/26: The bonus is back and now up to $1000. Only $600 can be achieved:
- Level 1: $300 (12 monthly transactions for 6 months OR $1000 in direct deposits for 6 months)
- Tier 2: $600 total if you ALSO open a savings/CD + $10K or get a $20K home equity draw
- Level 3: $1,000 if you make both the $10,000 deposit and $20,000 HELOC application
Update 2/24/25: The deal is back through 12/31/25.
Update 8/3/23: Extends through September 30, 2023.
Update 7/4/23: Extends through July 31, 2023.
Update 6/30/23: Offer is back and valid through July 30, 2023.
Update 4/29/23: The deal goes back to June 30, 2023.
Update 8/22/22: Also available in NJ, map of eligible areas here.
It seems like they are extremely sensitive to the chex systems and are also allowing account opening and closing a day later due to no balance/too many accounts in the last 12 months.
Offer at a glance
Offers
- C&N Bank offers a $400 bonus when you open a new checking account and meet the following requirements:
- Use the promo code key
- Make an initial deposit of $1,000+
- Receive direct deposits totaling at least $5,000 within the first three months (expressed in fine print: Direct deposits totaling $5,000 during a 3-month consecutive period required to receive Bonus)
- Keep the account open for at least six months
Fine Press
- Get $300 Bonus when you open a consumer checking account with a minimum opening deposit of $1,000 and get an additional $100 bonus when you open the account online.
- Use promo code 400BONUS.
- Offer valid until September 30, 2022 on consumer checking account products only (C&N Daily Checking, C&N Relationship Checking and C&N Merit Checking) and limited to one per primary account owner 18 years of age or older.
- Direct deposits totaling $5,000 over a 3-month consecutive period required to receive Bonus.
- The account must remain open for six months from the date of opening.
- The payment will be made within 45 days from the six months of opening the account.
- Payments are valid until May 31, 2023. Offer can be withdrawn at any time.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
C&N Daily Check Basic Check has no monthly fees to worry about.
Early account termination fee
The account must be kept open for six months or the bonus will be forfeited.
Our verdict
Online registration appears to allow nationwide opening, but all branches are in NY & PA. We need to know if it is a hard or soft withdrawal and the direct deposit requirement is also somewhat confusing.
Hat tip to the reader Kwan
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