Current residents of Connecticut, Putnam Bank is currently offering a $50 Bonus for when you refer your family, friends, colleagues, etc., to open a new checking account with them. New account must be opened within 60 days of referral. Within 60 days of account opening, a direct dpeosit of at least $200 must be established into the new checking, 10 debit card purchases must be made, and the new checking account must be open and have a positive balance to be eligible for the reward. You will have up to 5 referrals totalling in a Maximum of $250.
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Putnam Bank $50 Referral Bonus:
- Refer Now
- Account Type: Success, iShop, Classic 50s and Classic Choice
- Referrer Bonus (You): $50
- Referral Recipient Bonus (Your friend): $50
- Availability: CT
- Expiration Date: 12/31/2016
- Soft/Hard Pull: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Additional Requirements: Referee must use Share Link provided by your sign up to the referral program. Referee must deposit at least $10 to open account.
- Monthly Fee:
- Classic Choice: $7.00, Monthly direct deposit required to avoid service fee if balance falls below $100.
- Early Termination Fee: Unknown
Putnam Bank $50 Referral Steps:
- If you haven’t already, open up a checking account with Putnam Bank!
- Make the minimum opening deposit of $20.
- You must refer a friend within a 60 days time frame that you’ve activated the promotion
- Share the referrals, your referree must do the following in 60 days of account opening:
- a direct deposit of payroll, pension, social security or government benefit of at least $200 must be established into the new checking account
- ten (10) debit card purchases using debit card associated with new checking account must be made (ATM transactions do not qualify)
- The new checking account must be open and have a positive balance to receive reward.
- You will earn the $50 Bonus and your referee will earn a $50 Bonus as long as Program requirements are met.
Putnam Bank Checking Features:
- A Putnam Bank Check Card
- Telephone Banking
- Online Banking
- Mobile Banking
- Online Bill Pay
- eStatements
- And more!
Fees, Rewards, & Fine Print:
- $250.00 maximum reward cap applies.
- Referral form must be completed in its entirety by a current Putnam Bank account holder (Referrer).
- Referrals can only be made to individuals that do not currently have an account or relationship with Putnam Bank (Referred Person) and the individual must work or live within the Putnam Bank service area.
- Putnam Bank employees are not eligible for rewards.
- Account opening is subject to approval and Customer Identification requirements.
Conclusion
You can earn up to $250 with Putnam Bank, that’s $50 for every person that you refer to this banking establishment. You will have until December 31, 2016 to reap the full benefits of this refer-a-friend promotion. Qualifying referrals must be a resident living near Putnam Bank and open an account in-branch. It’s a decent bonus offer, just would be much better if there was no limit attached whatsoever. Keep in mind that your account needs to be open and active in the duration of the referral promotion to earn the bonuses. Allow up to 60 days after requirements are met to receive reward. I wouldn’t recommend this promotion unless it’s confirmed that they only do soft-pulls. Otherwise, be sure to see our complete list of Bank Deals for more offers and promotions.
