Find an updated list of Five Star Bank promotions, bonuses, and offers here.
Currently, they have a $300 checking bonus when you open a new account and meet all the requirements.
Table of Contents
About Five Star Bank Promotions
Five Star Bank is an American commercial bank. It was founded in the 1850s in Warsaw, New York as Wyoming County Bank by Wolcott J. Humphrey.
I’ll review the offers below.
Five Star Bank $300 Checking Bonus
- What you’ll get: $300 bonus
- Account Type: Premier Checking
- Availability: NY, NJ, PA, MA, MD, or FL (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: None, in branch. Possibly up to $4,000 online
- Monthly Fees: $25, avoidable
- Early Account Termination Fee: 180 days, bonus forfeit plus $35 fee
- Household Limit: None listed
- Five Star Bank $300 Bonus PDF
(Expires 12/31/2022)
| You can compare this to several great entry level Checking accounts with bonus offers include the Citi Priority Account (Up to $2000 Cash Bonus), Fifth Third Momentum® Checking ($250 bonus), Chase Total Checking® ($200 bonus), and SoFi Checking and Savings ($325 bonus). |
How To Earn $300/$100 Bonus
- To receive the $300.00 Premier Checking account (NOW account) bonus, you must open a Premier Checking online or in branch by 12/31/2022. Use promo code MTG at account opening.
- In addition, to receive either the $300 bonus, you must establish a direct deposit into your account within 60 days from the last day of month the account was opened.
- The bonus will be deposited into this checking or NOW account within 90 days from the last day of the month the account was opened.
- In addition, to receive either the $300.00 bonus, you must 1) enroll in e-statements within 60 days from the last day of month the account was opened, and 2) establish a direct deposit into your account within 60 days from the last day of month the account was opened.
- The bonus will be deposited into this checking or NOW account within 90 days from the last day of the month the account was opened.
- A $10.00 minimum deposit is required to open a Progress Checking account and a $25.00 minimum deposit is required to open all other Five Star Bank consumer checking or NOW accounts.
- Offers not available to existing Five Star Bank consumer checking or NOW account holders, or those who have closed a Five Star Bank consumer checking or NOW account within 12 months or have an outstanding negative balance on a previously closed Five Star Bank consumer checking or NOW account.
- Business and municipal customers are not eligible.
- Bonus is limited to one account per customer regardless of the titling on the account.
- Restrictions and additional fees may apply.
- Offers subject to cancellation without notice and cannot be combined with any other offer.
- The Premier Checking account is a variable rate account.
- The rate may change after the account is opened.
- Fees may reduce the earnings on the account.
How To Waive Monthly Fees
- Premier Checking: $25 monthly fee. Maintain any of the following to avoid the monthly account fee:
- A combined total consumer deposit accounts and/or loan balances of $25,000 or more at the end of the activity period
- Direct deposits totaling at least $5,000 into the account during the activity period
Bottom Line
Five Star Bank offers great promotions for you to earn money over time. They also offer online and digital banking, so you’ll be able to access your money anywhere at any time! You can have peace of mind knowing your money is insured by the FDIC.
While they have generous bonuses, Five Star Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
Compare Five Star Bank Promotions to other bank bonuses from HSBC, Chase, Huntington, TD, Citibank, Bank of America, Wells Fargo, and more.
*Check back at this page for more Five Star Bank promotions, bonuses, and offers.
Five Star’s promotion is not clear. How much direct deposit is needed? It just say establish DD within 60 day. Bonus will be paid in 90day after the DD. How long do you have to do the DD? For as long as the account is open?