BayCoast Bank Promotions: $222 Checking Offer [MA, RI]

Here you will find the latest BayCoast Bank promotions, bonuses, and offers.

Currently, they are offering up to $222 bonus when opening a new direct checking account and meeting all the qualifying activities.

BayCoast Bank Promotions Review

BayCoast Bank is currently the 27th largest bank in the state of Massachusetts and the 482nd largest bank in the nation. Established in 1851, the bank upholds the belief in community involvement and serving the people and businesses of southeastern Massachusetts and Rhode Island. BayCoast Bank currently has an A health rating.

I’ll go over BayCoast Bank offers below.

BayCoast Bank $222 Checking Bonus

• What you’ll get: $222 bonus
• Availability: MA, RI (Bank Locator)
• Direct deposit requirement: Yes, $250
• Credit Inquiry: Unknown
• Monthly fees: $3, avoidable
• Early Termination Fee: $25, six months
• How to earn it:
  • To get this bonus, simply:
    • Open any BayCoast Bank personal checking account using code BCB222.
    • Set up one or more direct deposits to your new account for three consecutive months

(Expires 01/31/2023)

Fine Print

• Use code BCB222.
• Receive $222.00 by opening any BayCoast Bank personal checking account and establishing direct deposit.
• To qualify for the $222.00 direct deposit incentive, customer must receive one or more direct deposits for 3 consecutive months that total $250.00 or more each month.
• Direct deposits are automatic electronic deposits made through the ACH network to your account by someone else, such as an employer issuing payroll or a government or retirement plan paying benefits.
• It may not include deposits to your account that are made by an individual using online banking, an Internet payment provider, or a merchant advancing payroll using a debit card.
• Offer valid for new accounts opened by 1/31/2023.
• Must be 18 years or older to open an account.
• Customer must not have had an open BayCoast Bank checking account within the last 6 months.
• Customer has up to 150 days after account opening to take the necessary action(s) to qualify for the incentive and account must be open and in good standing.
• A $222.00 credit will be applied within 30 days of completing these requirements.
• Starter checks will be provided at no cost following account opening upon request.
• Present this offer in person at account opening or enter the promotion code during the online account opening process to be eligible for this offer.
• Only one account is eligible for this offer.
• Offer is exclusive, nontransferable, cannot be combined with any other offer, and is subject to change at any time.
• Employees of BayCoast Bank and its subsidiaries are not eligible.

How to Avoid Monthly Fees

• Direct Checking: $3 monthly fee, waived if maintained average daily balance of $1,500.00 or one direct deposit per statement cycle
• Preferred Checking: $15 monthly fee, waived if maintained average daily balance of $5,000 in combined deposit balances & mortgage loan balances (including HELOC & home equity loans)
• Active Checking: $10 monthly fee, waived if average daily balance of $1,500.00 for the statement cycle or satisfaction of all quali?cation requirements during a quali?cation period
• Student Checking: $6 monthly fee, waived if you are 23 years or younger
• Senior Checking: $6 monthly fee, waived if you are 65 years or older
• Honor Checking: $5 monthly fee, waived if you are active and retired armed services personnel and veterans. One direct deposit per statement cycle
• Small Business Checking: None
• Business Analysis Checking: Competitive earnings credit to offset monthly activity charges with a minimum daily balance of $500.00
• Right Fit Checking: Interest compounded and paid monthly. Minimum balance to obtain interest: $10.00.
• Municipal/Non-Profit Checking: Interest compounded and paid monthly. Minimum balance to obtain interest: $500.00.

Author’s Verdict

Lastly, the current BayCoast Bank promotion’s tasks are fairly easy to complete. The bonus amount is great, and if you are able to complete the qualifying activities, is worth the effort.

However, although BayCoast Bank offers great promotions, their Savings and CD accounts won’t offer the best rates. Therefore, be sure to take a look at our reviews for best Savings Rates as well as the best CD Rates.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.