If you’ve been thinking about opening a new checking account at Sandy Spring Bank, you’ll be happy to learn that you could get a $300 bonus.
Sandy Spring Bank is located in the mid-Atlantic region and has over 50 locations, most of which are located in the Washington D.C.-Maryland-Virginia area. Their official geographic footprint includes DE, MD, PA, WV, VA or Washington D.C. They are FDIC insured #4865 as a State Chartered Bank.
If you’re interested in finding out how to get $300 when you open a new checking account, here’s how:
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💵 U.S. Bank – up to $700
Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
🔃Updated March 2024 with the latest details of the promotion with an expiration date of April 14th, 2023. The terms of the offer have not changed, only the bonus amount ($300) and expiration date.
How to get $300 from Sandy Spring Bank
The terms for getting the $300 bonus are really simple:
- Open a new checking account at Sandy Spring bank,
- establish a direct deposit of at least $500 within 45 days of opening the account and continue for a minimum of 4 months (3 statement cycles after opening cycle)
- Get your bonus within 125 days of meeting the requirements.
This is available to residents of DE, MD, PA, WV, VA or Washington D.C. This offer is only available to new customers and you can't have had an account within the last 90 days..
The only downside to this offer is the longer time frame but the My Free Banking checking account has no monthly maintenance fees so you won’t be charged for waiting. (there also appears to be an early account termination fee of $25 if you close within 180 days)
Get this offer from Sandy Spring Bank
(Offer expires 4/14/2024)
How Does This Offer Compare?
If you live in the geographic footprint, it’s a pretty strong offer from a basic checking account. There is a downside of having to wait so many statement cycles but without any fees, it’s just your time. Plus, for a basic checking account, it checks all the boxes and might be a good place to do your brick and mortar banking.
As for the bonus amount, $300 is pretty good. Here are the nationally available offers, many of which require a direct deposit but not for nearly as long a period of time:
Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.
BMO Relationship Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $200 Bonus Offer
Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
HSBC Premier Checking – up to $4,000
HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
