For residents of Wisconsin, WaterStone Bank is offering you a chance to earn a $100 bonus when you sign up for a new Checking Account and enroll in their HERO Program.
To be eligible for the bonuses, you must first enroll into their HERO Program if you qualify to join it. Once you have joined, open a new checking account, then set up and receive a Direct Deposit of at least $200. Once you have done so, you will receive the bonus amount on the first statement cycle after the direct deposit is received.
If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Eligibility: This promotion is available exclusively for currently employed or retired service members including Fire Department, Police and Sheriff’s Department, and Emergency Medical Technicians. Enrollment in their HERO Program is necessary to earn this bonus.
Editor’s Note: In addition to this bonus, there is a separate $100 bonus exclusively for Active Duty Service Members, Military Veterans and Reserve and National Guard Service Members. Be sure to check out their$100 Promotion for Military.
If you know anyone else interested in having an account at WaterStone Bank, you could earn a $50 bonus when you refer them. For more information, sure to check out our WaterStone Bank Referral Review.
If you are interested in opening a money market account, you can check out their Smart Money Market & Checking Combo offer. In addition to the $100 checking bonus, you can earn a high rate of 1.40% of their Smart Money Market Account
If you’d like to participate in our Rewards Program, simply contact us when you find a new bank promotion and get paid up to $15!
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WaterStone Bank $100 Bonus Info
- Direct Link to Offer
- WaterStone Bank Bonus Printout
- Account Type: Essential, Universal Checking
- Availability: WI (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Unknown, Let us know
- ChexSystems: Unknown, Let us know
- Opening Deposit: None
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: Yes, $200+
- Monthly Fee: $10 – $25
- Additional Requirements: Enroll in their HERO Program
- Household Limit: One per customer
- Closing Account Fee: $30 fee if closed within 90 days
What Triggers Direct Deposit? Alternative Methods
Many bank bonuses require you to make real direct deposit from your job to receive the sign up bonus. However, switching to your real paycheck can be frustrating and time consuming. You can find alternative methods below which many readers have reported to trigger direct deposit to receive the sign up bonus. Simply set up ACH transfers from these institutions to trigger direct deposit. Again, Your Mileage May Vary(YMMV). Please help us with your experience if you find a different method or to confirm a current method for direct deposit in the comments section below.
How To Earn WaterStone Bank $100 Bonus
- Enroll in their HERO Program and open a new Checking Account at any WaterStone Bank by August 31, 2018.
- Set up and receive a Direct Deposit of at least $200 within 90 days after account opening.
- Receive the bonus amount on the first statement cycle after the direct deposit is received.
How to Avoid Monthly Fees
- Essential Checking: $10 monthly fee waived with:
- 5 CheckCard purchases or more that have posted and settled, OR
- Direct Deposits of payroll or government benefits totaling $300.00 or more
- Universal Checking: $25 monthly fee waived with:
- $1,000.00 average daily balance, OR
- Qualify to participate in the MVP, Student, or BRAVO Program, OR
- $10,000.00 or more in average daily balances
Bottom Line
WaterStone Bank is offering you an opportunity to earn a $100 bonus when you sign up for the qualifying checking account. This bonus requires more work compared to other bank bonuses, but it’s a rather generous bonus. Aside from that, the check card bonus and eStatement bonus requirements are simple to complete.
Please share your experience by commenting below or let us know if you can fund the account with credit card! We would love to hear back from you. Do you want a full, exclusive list of business bank bonuses? Read our full list of Bank Promotions!
See our most popular Bank Promotions to earn high cash bonuses!
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