(MA, CT, VT, NH Only) $400 Checking Bonus at Florence Bank

Update 7/18/26: The deal is back and now $400 instead of $250. Also available in VT, NH.

Update 6/12/22: The deal is back.

Update 6/12/21: Bonus increased to $250 and requirements are easier. Hat tip to the reader Kamil Sultan

Offer at a glance

• Maximum bonus amount: 250 dollars
• Availability:
  • me Hampshire, Franklin, Hampden, Berkshire or Worcester
    
  • c T Hartford, Litchfield, Tolland or Windham
    
  • VT Windham or Bennington
    
  • NH Cheshire
• Direct deposit required: yes
• Additional requirements: eDeclaration
• Hard/soft pull: Gentle pull
• ChexSystems: Unknown, Sensitive Chexsystems
• Credit card financing: Up to $500
• Monthly fees: ANY
• Early account closure fee: Unknown
• Family boundary: ANY
• Expiration date: ANY

Offers

Direct link to the offer

• Florence Bank offers a bonus of up to $400 when you open a new checking account and meet the following requirements within 60 days of account opening:
  • Use promo code VALLEY
  • Receive qualified direct deposits of $1,500 or more within 90 days of account opening

Fine Press

• To earn the $400.00 bonus account deposit, you must open a new personal checking account online or at any of our branches using promo code VALLEY and set up and receive Qualifying Checking Account Direct Deposits totaling $1,500.00 or more within 90 calendar days of account opening.
• This offer is only available to new personal checking customers and is limited to one per customer.
• Florence Bank employees and all existing Florence Bank checking customers, including those with any connection to any other Florence Bank checking account, or those who closed a checking account within the last 180 calendar days, are not eligible.
• Qualifying direct deposits are regular, recurring Automated Clearing House (ACH) credits, which may include payroll, salary, pension, or government payments (such as Social Security).
• Deposits from the Real Time Payments (RTP) network, payments through peer-to-peer networks such as PayPal, Zelle, Venmo or others, do not qualify as direct deposits.
• All bank account bonuses are treated as income/interest and as such you must pay tax on them

Avoidance of fees

Monthly fees

All the checking accounts they offer have no monthly fees to worry about.

Early account termination fee

According to fee schedule there does not appear to be any early account termination fee.

Our verdict

They have offered a very similar bonus in the past as wellbut that required singing a song instead of mobile banking. Seems like a nice bonus if it turns out to be a soft pull. If anyone goes for this bonus, please share your experiences in the comments below.

Hat tip to reader Ryan M

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