Offer at a glance
- Maximum bonus amount: 300 dollars
- Availability: CT only.
- Windsor (06095)
- South Windsor (06074)
- East Windsor (06088)
- Bloomfield (06002)
- Suffield (06078)
- Granby (06035)
- Direct deposit required: Yes, $500-$1000
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: $0-$12, avoidable
- Early account closure fee: $10, 90 days
- Family boundary: ANY
- Expiration date: Unknown
Offers
- Windsor Federal Bank offers a $150/$300 bonus when you open a new checking account. The levels are as follows:
- Earn $150 when you open a Totally Free Plus Checking account and have monthly direct deposits of $500 +
- Earn $300 when you open a Partnership Plus checking account and have monthly direct deposits of $1,000 +
Fine Press
- Bonus Eligibility: Offer not available to existing Windsor Federal Bank checking customers unless a new account is funded with new money. “New money” is defined as funds not currently on deposit at Windsor Federal Bank. To receive a bonus, you must:
- Open a new Windsor Federal Totally Free Plus Checking or Partnership Plus Checking account during the promotional period (account opening subject to approval); AND
- Get qualified direct deposits totaling $500 or more per month for the Totally Free Plus Checking Account or $1,000 or more per month for a Partnership Plus Checking Account.
- Bonus payment: Bonuses are credited after the account has been open for 6 months, during the first 10 working days of month 7. The account must remain open, active and unlimited. Bonuses are considered interest and will be reported on IRS Form 1099‑INT (or Form 1042‑S, if applicable). Please consult your tax advisor.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Control Plus completely free no monthly fee.
Partnership Plus Control has a $12 monthly fee, this is waived with:
- Daily balance of $2,500 is maintained in checking or
- The daily balance of $10,000 is stored in any combination of
Performance Check Plus, savings, money market,
certificate of deposits or IRA accounts.
Early account termination fee
According to the fee schedule there is a fee of $10 if you close within 90 days.
Our verdict
It seems very location specific, but share any data points you have in the comments below.
Hat tip to the reader Bockrr
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