Update 5/8/26: Now there is also a $200 savings bonus. Hat tip to the reader Harry
Update 2/16/25: The deal is back.
Offer at a glance
- Maximum bonus amount:300 dollars
- Availability:I, NH
- Direct deposit required: Yes, $500+
- Additional requirements:ANY
- Hard/soft pull:Soft
- ChexSystems:Unknown
- Credit card financing:Up to $500, Visa or Mastercard only
- Monthly fees:$5, avoidable
- Early account closure fee:$25, six months
- Family boundary:None listed
- Expiration date:November 15, 2024
Offers
- Camden National Bank is offering a $300 bonus when you open a new Rewards OR Premier checking account and meet the following requirements:
- Get a direct deposit of $500+ within 60 days of account opening
- Get a $200 bonus when you open and fund your first savings or money market account within 20 days with $10,000 in new money and keep that balance for 90 days
Fine Press
- To qualify for the account bonus, you must open either a Premier or Rewards Checking account between September 9 and November 15, 2024.
- You must be an individual of at least 18 years of age.
- The primary account owner must have a Maine or New Hampshire address.
- You may not be or have been the owner of a Camden National Bank consumer checking account within the last twelve (12) months prior to opening this account.
- The minimum opening account deposit is $25.
- If you place $500 or more in direct deposits within 60 calendar days of opening your account, $300 will be deposited directly into your account within 90 calendar days of the qualifying transaction.
- Account bonuses are reported to the IRS as interest income.
- The account must be open, active and not overdrawn at the time the bonus is made.
- Overdraft includes any use of any progressive payment amounts that may be available to you.
- One bonus payment per account or individual.
- This cannot be combined with any other offer.
- Employees of Camden National Bank or its affiliates are excluded from this offer.
- Contact the bank for further details. Limited time offer, subject to change.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Checking Rewards has a monthly fee of $5
- $0 if you maintain a minimum average daily balance of $500
Early account termination fee
There is an early account termination fee of $25 if you close the account within 6 months of opening the account.
Our verdict
There was one $200 No Requirement Direct Deposit Bonus and a $300 bonus with a direct deposit requirement but had an account that was harder to maintain with no fee. I think this is worth doing and will add this to our list best bank account bonuses.
Useful posts about bank bonuses:
- A Beginner’s Guide to Bank Account Bonuses
- Bank Account Quick Reference Table (Calculated Sheet) (very useful for ranking bonuses according to different parameters)
- PSA: Don’t call the bank
- Login to ChexSystems
- Banks and credit unions that are sensitive to ChexSystems requirements
- What Banks and Credit Unions Do/Don’t Attract ChexSystems?
- How to use our direct deposit site for banking bonuses site
- Common Bonus Bank Misconceptions + Why You Should Give Them a Go
- How many bank accounts can I safely open in a year for the purposes of the bank bonus?
- Affiliate links and bank bonuses – We will not use them
- Complete list of ways to close bank accounts in each bank
- Banks that allow/disallow overseas check applications
- Bank bonus posting times
