[NH] Bank Of New Hampshire Up To $150 Checking Bonus

Offer at a glance

• Maximum bonus amount: $150
• Availability: NH
• Direct deposit required: Yes, no minimum mentioned 
• Additional requirements: See below 
• Hard/soft pull: Unknown 
• ChexSystems: Unknown
• Credit card funding: Unknown 
• Monthly fees: $6-15
• Early account termination fee: Unknown 
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Bank Of New Hampshire is offering a bonus of up to $150 when you open a new checking account. Tiers are as follows:
  • Get $75 when you open a slate checking account and complete the following requirements within 60 days of account opening:
    • Spend $1,500 with debit card
    • Use Bill Pay
    • Set Up direct deposit
    • Mobile deposit at least one check
  • Get $100 when you open a granite checking account and complete the following requirements within 60 days of account opening:
    • Spend $2,000 with debit card
    • Use Bill Pay
    • Set Up direct deposit
    • Mobile deposit at least one check
  • Get $150 when you open a prestige checking account and complete the following requirements within 60 days of account opening:
    • Spend $3,000 with debit card
    • Use Bill Pay
    • Set Up direct deposit
    • Mobile deposit at least one check

The Fine Print

• Account bonus of $75 will be paid in the account cycle following the 90 days from account opening, only if the bonus requirements are met.
• Debit card spend excludes ATM transactions. Direct deposit must be from payroll, social security, pension, or government benefits to qualify.
• You must maintain a positive daily balance in the checking account until the bonus is deposited to your account to be eligible.
• Offer is exclusive and not transferable.
• Bank will report the value of the offer to the IRS as applicable.
• Minimum deposit to open the account is $50.
• Please note, accounts that are part of product conversions, whether initiated by the Bank or the customer, do not qualify for “Countdown to Cash Bonuses” as the account number remains the same following the conversion.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

These have monthly fees from $6 – $25. 

• Slate checking $6 monthly fee. To waive, conduct one of the following conditions in a given statement cycle:
  • Minimum of 10 debit card transactions
  •  Direct deposit
  •  Electronic account payment*
  • Automatic BNH loan payment. Must be established by Bank of New Hampshire’s loan department to qualify. Call to set up a qualifying loan payment with an existing BNH consumer loan/residential mortgage.**
  • Maintain a minimum $5,000 account balance. This Account must maintain a $5,000 average daily balance.
  • Mobile check deposit
• Granite checking $10 monthly fee. To waive, conduct any two of the following conditions in a given statement cycle:
  • Minimum of 15 debit card transactions
  • Direct deposit
  • Electronic account payment*
  • Automatic BNH loan payment. Must be established by Bank of New Hampshire’s loan department to qualify. Call to set up a qualifying loan payment with an existing BNH consumer loan/residential mortgage.**
  • Maintain a minimum $5,000 account balance. This Account must maintain a $5,000 average daily balance.
• Prestige checking $25 monthly fee. To waive: maintain a minimum $25,000 average relationship balance. Account must maintain $25,000 in combined average balances from checking, savings, money market, CDs, IRAs, investment or trust accounts to avoid the account pricing.

Early Account Termination Fee

Unsure if there is any EATF.

Our Verdict

Requirements for this small of a bonus are absurd, especially when you consider how difficult it is to keep the account fee free as well. There is also some verbiage in the terms that make this seem like it’s targeted. This is an easy pass. Find easier & bigger bank account bonuses by clicking here. 

Hat tip to reader Harry

Useful posts regarding bank bonuses: