[Barnstable County, MA only] Cape & Coast Bank $500 Personal Checking, $250 Business Checking Bonus

Offer at a glance

Maximum bonus amount: $500

Availability: MA only.Barnstable County only

Direct deposit required: Yes, $500-$1,000

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: $100

Monthly fees: $0-$15

Early account termination fee: None

Household limit: None listed

Expiration date: None listed

The Offer

Direct link to offer

Cape & Coast is offering several checking bonuses.

Personal checking:

$500 bonus: Open a SmartRate Checking account with $1,000 in monthly direct deposits within the first 90 days.

$250 bonus: Open a Free Checking with $500 in direct deposits within the first 90 days

$250 business checking: Open a Free Business Checking and maintain a minimum average monthly balance of $500 for the first 90 days.

The Fine Print

Available only to new customers with no personal or business checking with us in the previous 12 months.Limited to one personal checking bonus (SmartRate Checking or Free Checking) and one Free Business Checking bonus per mailing address. The account must be open at the time bonus is paid.Offer available through December 31, 2026.

Offer only available to Barnstable County residents, and meet these additional requirements:

To Receive $500 SmartRate Checking Bonus: Open and maintain a new SmartRate Checking for 90 calendar days and have electronic direct deposits totaling $1,000 or more post to and clear that account within the 90-day period.If all requirements are met, the $500 bonus will be deposited into your SmartRate Checking no later than 120 calendar days after account opening.See SmartRate Checking Account information below for additional account information.

To Receive $250 Free Checking Bonus: Open and maintain a new Free Checking for 90 calendar days and have electronic direct deposits totaling $500 or more post to and clear that account within the 90-day period.If all requirements are met, the $250 bonus will be deposited into your Free Checking no later than 120 calendar days after account opening.

To Receive $250 Free Business Checking Bonus: Open a new Free Business Checking and maintain an average monthly balance of $500 or more during the first 90 calendar days of account opening.

If all requirements are met, the $250 bonus will be deposited into your Free Business Checking no later than 120 calendar days after account opening.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

SmartRate has a $15 monthly fee, this requires all of the following to waive:

keep a daily balance of $1,000 or more, get $1,000 or more in direct deposits each month, use eStatements, and make two debit card purchases monthly

Free Checking has no monthly fees to worry about

Free business checking has no monthly fees to worry about

Early Account Termination Fee

I didn’t see any mention of an EATF in the fee schedule.

Our Verdict

This was briefly working for all of MA, but think only one or two applications snuck in before they changed it to Barnstable County only.Fingers crossed we see a more open bonus again soon.

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.