Find new Trustco Bank promotions, bonuses, and offers here for Checking accounts here.
They are currently offering a $25/$75 referral bonus when you open the qualifying checking account and meet the requirements.
About Trustco Bank Promotions
Established in 1925 as the Canajoharie Building, Savings and Loan Association, Trustco Bank received its current name in 2002. They are New York-based and have around 150 locations throughout Florida, Massachusetts, New Jersey, New York, and Vermont.
I’ll review the current offers below.
Trustco Bank $75 Checking Referral Bonus
- What you’ll get: $25 bonus, your friend gets $75 bonus
- Account Type: Hometown Free Checking and Savings
- Availability: FL, MA, NJ, NY, VT (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fees: None
- Early Account Termination Fee: $26 if closed within three months and you forfeit the bonus.
- Household Limit: None listed
(Expires 10/31/2022)
| You can compare this to several great entry level Checking accounts with offers include the BMO Smart Money Checking ($400 bonus), Bank of America ($200 bonus offer), U.S. Bank Smartly® Checking ($1000 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus) |
How To Earn Bonus
- Receive $25 for each checking or savings account referral and your friend will receive $75.
- Non-Trustco Customer must open a new Home Town Premier Checking or a Home Town Free Checking, with either a Direct Deposit, or 15 debit card transactions, or a $5,000 minimum balance for 60 days.
- Account opening and other transactional requirements must be met.
- All bonuses will be paid within 60 calendar days of verification that the requirements have been satisfied for each offer.
- Direct Deposit must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $500 monthly Direct Deposit). Direct Deposit or 15 debit card transactions must be completed within 45 calendar days from the date that the account was opened.
- Debit Card transactions must post and clear the account to qualify.
- Minimum of $50 to open a Checking Account.
- Bonuses will be paid within 60 calendar days of verification that the balance requirement has been met.
- A checking account with the above-mentioned criteria must also be open, active, and in good standing.
Trustco Bank $200 Checking Savings Bonus *Expired*
You can receive up to a $200 bonus from Trustco Bank when you open the qualifying checking and saving accounts and complete the requirements. This offer is available in-branch only.
- What you’ll get: $200 bonus
- Account Type: Hometown Free Checking and Savings
- Availability: FL, MA, NJ, NY, VT (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fees: None
- Early Account Termination Fee: $26 if closed within three months and you forfeit the bonus.
- Household Limit: None listed
(Expires 09/30/2022)
| You can compare this to several great entry level Checking accounts with offers include the BMO Smart Money Checking ($400 bonus), Bank of America ($200 bonus offer), U.S. Bank Smartly® Checking ($1000 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus) |
How To Earn Bonus
- Get a $100 bonus when you open a new Hometown Premier or Hometown Free Checking and receive $5,000 in direct deposits or $5,000 minimum balance for 60 days or 10 debit card transactions within 45 calendar days
- Get a $100 bonus when you Open a Hometown Savings account (club accounts excluded) with $5,000 minimum balance for 60 days (checking account must be opened at the same time)
- All bonuses will be paid within 60 calendar days of verification that the checking account or savings account are in good standing and all promotional requirements have been satisfied for each offer.
- Bonuses may be reported to the Internal Revenue Service.
- One promotion per customer.
- Employees are excluded from promotion.
- A minimum of 10 Trustco Bank Debit Card transactions are required to post and clear the account within 60 calendar days of account opening.
- This offer applies to new money only. Funds must come from a source other than Trustco Bank.
- New or existing Home Town Premier Checking or Home Town Free Checking required to receive bonus.
- Direct Deposit must be from a recurring Payroll, Social Security, and/or Pension
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Trustco Bank $400 Business Checking Bonus *Expired*
You can receive up to a $400 bonus from Trustco Bank when you open the qualifying business checking account and complete the requirements.
- What you’ll get: $400 bonus
- Account Type: Business Checking
- Availability: FL, MA, NJ, NY, VT
(Expires 04/30/2022)
| Compare to some of the best business checking accounts such as Chase Business Checking ($300 Bonus), U.S. Bank Business Checking ($350 or $800 Bonus), Axos Bank Basic Business Checking ($400 Bonus), Axos Bank Business Interest Checking ($400 Bonus), Huntington Unlimited Plus Business Checking ($1,000 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
How To Earn Bonus
- Get $150 when you Open a new Home Town Business Checking Account with an average balance of $2,500 for the first statement cycle.
- Get $250 Statement credit when you switch your merchant services account to Clover®.
- Offers valid 3/1/2022 – 4/30/2022. Must complete requirements during offer period.
1 – Minimum to open a new Home Town Business Checking Account is $50. $5 monthly service charge. To waive $5.00 monthly service charge, either: a $500 monthly average balance is required or set-up a qualifying Direct Deposit of your Merchant Services. The $150 will be deposited to your account within 60-days of completing requirements.
2 – Promotional offer expires April 30, 2022. This offer is available for qualified Trustco merchant services customers who have not had an account with First Data Merchant Services within six months. You must have a minimum annual processing volume of $120,000 to qualify. All new account applications subject to review and approval. A $250 statement credit will be applied to the merchant statement within 60 days of eligibility and activation. Only one offer per eligible business. Offer subject to change without notice. Merchant Services are provided by First Data Merchant Services LLC. Terms and Conditions apply. 3 – Initial debit card supplied at no cost. A fee may apply for replacement cards. Please note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification.
How To Waive Monthly Fees
- Home Town Premier Checking: $5 monthly fee, waived with Direct deposit of Payroll, Social Security or Retirement income OR a $500.00 monthly average collected balance.
- Home Town Free Checking: None
- Home Town Student Checking: None
- Home Town Business Checking: $5 monthly fee, waived if there is a reoccurring direct deposit of your merchant services OR a monthly average collected balance of $500.00.
Bottom Line
Trustco Bank is a great bank option for new sign-up promotions when becomes available. This bonus is great because they have a soft pull, so your credit score is not affected. I would recommend the free checking account, to avoid any monthly service fees.
Trustco Bank provides great options for Checking, Savings, Money Market, and CD Account, however, you may want to compare with the nation’s best savings rates and CD rates.
Compare Trustco Bank Promotions to other bank bonuses from Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
Visit us back often for the latest Trustco Bank promotions, bonuses, and offers.
