Webster Bank Promotions: $4,000 Checking Bonus [NY, MA, RI, CT]

Check out the latest Webster Bank promotions, bonuses, and offers here.

They are currently offering up to $4,000 bonuses.

Webster Bank Promotions Review

Webster Bank began in 1935 in Connecticut. Over the years, they have expanded to become a leading regional bank in the Northeast with more than $28.9 billion in assets and 157 banking centers from greater New York City to Boston.

I’ll go over Webster Bank offers below.

Webster Bank $4,000 Private Banking Checking Bonus

• What you’ll get: Up to $4,000 bonus
• Where it’s available: NY, RI, CT, MA (Bank Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: None listed
• How to earn it:
  • Qualifications to earn up to $300 bonus: Deposit between $50,000 and $249,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $50,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $150 with a maximum payout of $300.
  • Qualifications to earn up to $500 bonus: Deposit between $250,000 and $499,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $250,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $250 with a maximum payout of $500.
  • Qualifications to earn up to $1,000 bonus: Deposit between $500,000 and $999,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $500,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $500 with a maximum of $1,000.
  • Qualifications to earn up to $2,000 bonus: Deposit between $1,000,000 and $1,999,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling 4 $1,000 or more made to this account during the statement cycle and maintain ≥ $1,000,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $1,000 with a maximum of $2,000.
  • Qualifications to earn up to $4,000 bonus: Deposit greater than $2,000,000 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $2,000,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $2,000 with a maximum of $4,000.

(Expires 12/31/2023)

Webster Bank $250 Checking Bonus (Expired)

• What you’ll get: $250 bonus
• Where it’s available: NY, RI, CT, MA
• How to earn it:
  • Receive $250 with WebsterOne Relationship Checking Promotion available  until 12/31/2021 for new WebsterOne Relationship Checking accounts opened by residents of CT, NY, MA or RI and meeting minimum opening balance requirements.
  • Customer must qualify for account and complete:
    • At least one (1) single Direct Deposit of $500 or more OR twenty (20) Visa Debit Card transactions using Signature or PIN

(Expires 12/31/2021)

Editor’s Note: Any full-time or part-time employee currently in essential healthcare, including Hospitals, Nursing Homes, Medical Practices, Dental Practices and Home Healthcare as well as First Responders (Police, Firefighters, Emergency Medical Technicians and Paramedics) can take advantage of a separate $250 cash bonus. Simply use the promo code $250WEBONE-GEN-HEROES to qualify.

Webster Bank $100 Checking Bonus (Expired)

• What you’ll get: $100 bonus
• Where it’s available: NY, RI, CT, MA
• How to earn it:
  • Use the signup link below and register your information for the bonus
  • Open a qualifying new personal Checking account
  • For the $25 total bonus:
    • Complete one of the following by the end of the second full month that your account is open:
      • Set up a direct deposit
      • Make 10 debit transactions (using PIN or signature)
      • Make 5 online bill payments
  • For a $75 total bonus:
    • Complete the requirements for $25, PLUS:
      • Have an average monthly balance of $2,500 during the second full month that your account is open
  • For the $250 total bonus:
    • Complete the requirements for $25, PLUS:
      • Have an average monthly balance of $10,000 during the second full month that your account is open
  • Once all requirements have been met, you will receive a VISA Reward Card. Please allow 4-6 weeks for delivery

(No expiration date)

Editor’s Note: Alternatively, you can also earn a $100 bonus when you refer someone to open a new Webster business checking account using this link.

Webster Bank $300 Checking Bonus (Expired)

• What you’ll get: $300 bonus
• Where it’s available: NY, RI, CT, MA
• How to earn it:
  • Open a new Premier checking account and complete ONE the following requirements:
    • Have a direct deposit of $500 or more between the month the account was opened and 03/31/2021 OR
    • Customer must have an average account balance greater than or equal to $10,000 for the calendar month ending 03/31/2021

(Expires October 31, 2020)

How to Avoid Monthly Fees

• Premier Checking: $21.95 monthly can be avoided when you:
  • Keep $20,000 in combined monthly average checking, money market, and savings balances or $50,000 by adding CDs, home equity, and installment loan balances as of the end of your statement period and monthly average investment balances.
• Value Checking: $11.95 monthly can be avoided when you:
  • Maintain a monthly average balance of at least $1,000
  • Are age 65 or older and have at least one direct deposit
  • Have cumulative direct deposits of $500 or more each month.
• Relationship Checking: $16.95 monthly can be avoided when you:
  • Keep $4,000 in combined average checking, money market and savings balances during your monthly statement period or $20,000 adding CD, home equity and installment loan balances as of the end of your statement period.
• Student Checking: No monthly service charge for 5 years after opening or switching to this account. After 5 years, it will convert to Webster Value Checking.
• Private Banking Checking: You can avoid the $30 monthly maintenance fee by keeping $25,000 in checking or $50,000 combined deposit balances, including CD’s, OR $100,000 in investment balances (Please note: it can take 14 days for balances of new or previously unlinked LPL accounts to be included).

Author’s Verdict

These are all very generous bonuses that I recommend you take advantage of while they last. Furthermore, they trigger a soft pull, meaning it won’t harm your credit score.

For more current offers, check out our bank bonuses page. Compare Webster Bank rates for CDs and Savings with our best rates for Savings and CD accounts.

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

Additionally, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of Webster Bank promotions here.