Webster Bank Bonuses: $4,000 Checking Promotions (NY, MA, RI, CT)

Find an updated list of Webster Bank bonuses, promotions, and offers here.

Currently, you can earn up to $4,000 in bonus cash.

Webster Bank Bonuses Review

Webster Bank is established in 1870 and headquartered in Waterbury, Connecticut. The second-largest bank in the State, they have around 180 branches in Connecticut, Massachusetts, New York, and Rhode Island.

I’ll go over all Webster Bank offers below.

Webster Bank $4,000 Private Banking Checking Bonus

Earn up to $1,000 when you open a new Private Banking Checking account and meet the requirements.

• What you’ll get: Up to $4,000 Bonus
• Eligible account: Private Banking Checking
• Where it’s available: NY, RI, CT, MA (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $30; waivable
• How to earn it:
  • Qualifications to earn up to $300 bonus: Deposit between $50,000 and $249,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $50,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $150 with a maximum payout of $300.
  • Qualifications to earn up to $500 bonus: Deposit between $250,000 and $499,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $250,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $250 with a maximum payout of $500.
  • Qualifications to earn up to $1,000 bonus: Deposit between $500,000 and $999,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $500,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $500 with a maximum of $1,000.
  • Qualifications to earn up to $2,000 bonus: Deposit between $1,000,000 and $1,999,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling 4 $1,000 or more made to this account during the statement cycle and maintain ≥ $1,000,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $1,000 with a maximum of $2,000.
  • Qualifications to earn up to $4,000 bonus: Deposit greater than $2,000,000 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking^ account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $2,000,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $2,000 with a maximum of $4,000.

(Expires 12/31/2023)

Fine Print

• You can only enroll by visiting a Webster banking center. Enrollment does not occur until you have made the new money minimum deposit for the tier you select. You may choose only one bonus tier and are eligible for only one bonus payment.
• Once you deposit the new money minimum related to the tier you have selected, you are locked into that tier, and if the average daily balance falls below the amount required for that tier for the statement cycle, you will not receive a cash bonus payment.
• You will not be enrolled until you have deposited the new money minimum for the applicable tier, as confirmed by Webster Bank. This offer is valid for up to the first three statement cycles after you have been enrolled. If the promotional qualifications are met, as confirmed by Webster, the cash bonus payment will be paid on the last day of the evaluated statement cycle. Your account must be open at the time the bonus is credited. Prior to account opening or increase in balance to your existing account, this offer can be revoked at any time. You must be enrolled before this offer ends on December 31, 2023. If you participated in a previous Cash Back Bonus offer from August 7, 2021 through October 14, 2022 you can only participate in this offer at a different bonus tier. If you have participated in a Private Banking or Private Client Cash Bonus Checking campaign after October 14, 2022, you are not eligible to participate in this campaign again. Cash bonus will be reported as income on IRS Form 1099-INT. Offer is available on one (1) Private Checking account per client and cannot be combined with other offers. A “Qualifying Direct Deposit” is an Automated Clearing House (ACH) credit from your employer or the government for your paycheck, pension or governmental benefits (such as Social Security). It does not include transfers from one account to another or person to person payments made through services such as Zelle, Venmo, PayPal, Cash App and Google Pay.

Webster Bank $250 Checking Bonus (Expired)

Earn $250 bonus from Webster Bank when you open a new Webster Checking account and complete the requirements.

• What you’ll get: $250 Bonus
• Eligible account: Webster Value Checking, WebsterOne Relationship Checking or Premier Checking Account
• Where it’s available: NY, RI, CT, MA
• Credit Inquiry: Soft Pull
• Direct Deposit Required:
• Monthly Fee: $16.95-$21.95; waivable
• How to earn it:
  • Receive $250 with WebsterOne Relationship Checking Promotion available 07/01/2020 until 12/31/2020 for new WebsterOne Relationship Checking accounts opened by residents of CT, NY, MA or RI and meeting minimum opening balance requirements.
  • Customer must qualify for account and complete:
    • At least one (1) single Direct Deposit of $500 or more OR twenty (20) Visa Debit Card transactions using Signature or PIN

(Expires December 31, 2021)

Editor’s Note: Any full-time or part-time employee currently in essential healthcare, including Hospitals, Nursing Homes, Medical Practices, Dental Practices and Home Healthcare as well as First Responders (Police, Firefighters, Emergency Medical Technicians and Paramedics) can take advantage of a separate $250 cash bonus. Simply use the promo code $250WEBONE-GEN-HEROES to qualify.

Fine Print

• Qualifying transactions must be completed by the end of the third month following your account opening date.
• To be eligible, the primary customer must not have had an open checking account at Webster Bank within 12 months of opening the new account.
• Minimum opening balance requirements for all accounts must be met in order to qualify for offer.
• Account must be in good standing at the time of payment; an account is considered to be in good standing if it has a positive balance and is not in the process of being closed.
• All funds will be transferred into the newly established checking account within 150 days of account opening.
• All amounts will be reported to the IRS and customer is responsible for any applicable taxes.
• Offer is subject to change without notice and may be withdrawn at any time.
• Cannot be combined with any other offers.

Webster Bank $100 Checking Bonus (Expired)

Earn $100 bonus from Webster Bank when you open a new Webster Checking account and complete the requirements.

• What you’ll get: $100 Bonus
• Eligible account: Webster Value Checking, WebsterOne Relationship Checking or Premier Checking Account
• Where it’s available: NY, RI, CT, MA
• Credit Inquiry: Soft Pull
• Direct Deposit Required:
• Monthly Fee: $16.95-$21.95; waivable
• How to earn it:

(No Expiration Date Listed )

How to Earn Bonus

• Get a Visa^® Reward Card when you register, open a new eligible personal checking account and complete one of the following simple qualifications before the end of the second full month following account opening:
  • Make ten (10) debit card transactions (PIN or signature) OR
  • Set up a direct deposit
• Reward Card value is based on your checking account type:
  • Value Checking account holders will receive a $50 Reward Card.
  • WebsterOne and Premier Checking account holders will receive a $100 Reward Card.
• Your friend can earn up to a $50 Visa Reward Card!

Fine Print

• Referrer will earn a $50 Visa Reward Card for each qualified referral
• The referrer must submit a valid e-mail address for each referee
• The referred account is qualified if it meets the deposit and activity requirements for the minimum reward
• Considered in good standing at the time of reward card issuance
• An account is considered to be in good standing if it has a positive balance and is not in the process of being closed

Webster Bank $100 Business Checking Bonus (Expired)

Earn $100 bonus from Webster Bank when you open a new Webster Checking account and complete the requirements.

• What you’ll get: $100 Bonus
• Eligible account:Webster Business Value Checking, Webster Complete Business Checking, Webster Commercial Checking for Small Business
• Where it’s available: NY, RI, CT, MA
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee: Varies
• How to earn it:
  • Get a Visa^® Reward Card when you register, open a new eligible business checking account and complete one of the following simple qualifications before the end of the second full month following account opening:
    • Make five (5) online bill payments OR
    • Make ten (10) debit card transactions (PIN or signature)
  • Reward Card value is based on your checking account type:
    • Business Value Checking account holders will receive a $50 Reward Card.
    • Business Complete and Commercial Checking for Small Business account holders will receive a $100 Reward Card.
  • Your friend can earn a $50 Visa Reward Card

(No Expiration Date Listed )

Fine Print

• The referee may earn a $25, $75 or $250 Visa Reward Card based on meeting the following requirements.
• Referee may earn a $25 card for opening a qualified checking account and completing ONE of the following by the end of the second full month that the account is open: a) Make 5 online bill payments, OR b) Make 10 debit card transactions (ATM withdrawals are not eligible).
• Referee may earn a $75 card for completing all requirements for the $25 card, PLUS maintaining an average balance of $2,500.
• Referee may earn a $250 card for completing all requirements for a $25 card, PLUS maintaining an average balance of $10,000.
• This offer may not be combined with other offers and may be withdrawn at any time without notice.

Webster Bank $50 Referral Bonus (Expired)

Earn $50 bonus from Webster Bank when you refer a friend or family member to open a new Webster Checking account and complete the requirements.

• What you’ll get: $50 Bonus
• Eligible account: Personal Checking Account
• Where it’s available: NY, RI, CT, MA
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $16.95-$21.95; waivable
• How to earn it:
  • Refer friends or family to open a new checking account and have them complete the following requirements:
    • Register for offer, open a new Webster checking account.
    • Complete one of the following within the specified time period:
      • Make 5 online bill payments,
      • Make 10 debit card transactions (PIN or signature),
        • Set up a direct deposit

(No Expiration Date Listed )

Fine Print

Webster Bank $50 Business Referral Bonus (Expired)

Earn $50 bonus from Webster Bank when you refer a friend or family member to open a new Webster Business Checking account and complete the requirements.

• What you’ll get: $50 Bonus
• Eligible account: Business Checking Account
• Credit inquiry: Soft Pull
• Where it’s available: NY, RI, CT, MA
• Credit Inquiry: Soft Pull
• Direct Deposit Required:
• Monthly Fee:
• How to earn it:

(No Expiration Date Listed )

How to Earn Bonus

• Refer a friend or family to open a new checking account and have them complete the  following requirements:
  • Register for this offer and open a new Webster business checking account.
  • Complete one of the following:
    • Make 5 online bill payments, OR
    • Make 10 debit card transactions (PIN or signature)

Fine Print

Webster Bank $300 Checking Bonus (Expired)

Earn $300 bonus from Webster Bank when you open a new Webster Checking account and complete the requirements.

• What you’ll get: $300 Bonus
• Eligible account: Webster Premier Checking Account
• Where it’s available: NY, RI, CT, MA
• Credit Inquiry: Soft Pull
• Direct Deposit Required:
• Monthly Fee:
• How to earn it:
  • Open a Premier Checking Account and either:
    • Customer must qualify for account and have a direct deposit of $500 or more
    • Customer must have an average account balance greater than or equal to $10,000 for the calendar month ending 03/31/2021
  • $500 opening deposit

(Expires December 31, 2020)

Fine Print

• Primary customer must qualify for Premier Checking and must not have had an open checking account since 09/01/2019 at Webster Bank
• Account must be in good standing at the time of payment; an account is considered to be in good standing if it has a positive balance and is not in the process of being closed
• All funds will be transferred into the newly established checking account by 05/20/2021
• All amounts will be reported to the IRS, and customer is responsible for any applicable taxes
• Customer must be a resident of NY, MA, RI, or CT at time of account opening and promotion payout
• Please speak to a Webster banker for details
• Rates shown for any product or tier are subject to change at any time
• Cannot be combined with any other Webster Bank cash incentive offer

How to Waive Monthly Fees

• Premier Checking: $21.95 monthly can be avoided when you:
  • Keep $20,000 in combined monthly average checking, money market, and savings balances or $50,000 by adding CDs, home equity, and installment loan balances as of the end of your statement period and monthly average investment balances.
• Value Checking: $11.95 monthly can be avoided when you:
  • Maintain a monthly average balance of at least $1,000
  • Are age 65 or older and have at least one direct deposit
  • Have cumulative direct deposits of $500 or more each month.
• Relationship Checking: $16.95 monthly can be avoided when you:
  • Keep $4,000 in combined average checking, money market and savings balances during your monthly statement period or $20,000 adding CD, home equity and installment loan balances as of the end of your statement period.
• Student Checking: No monthly service charge for 5 years after opening or switching to this account. After 5 years, it will convert to Webster Value Checking.
• Private Banking Checking: You can avoid the $30 monthly maintenance fee by keeping $25,000 in checking or $50,000 combined deposit balances, including CD’s, OR $100,000 in investment balances (Please note: it can take 14 days for balances of new or previously unlinked LPL accounts to be included).

Conclusion

Therefore, Webster Bank is offering residents tons of great bonuses that I would highly recommend taking advantage of. Therefore if these promotions sound like something you would be interested in, be sure  to act fast as these offers are subject to availability and can end at any time

Webster Bank rates are not that competitive, so be sure to check our best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

Interested in the promotion above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

Furthermore feel free to comment on this post with any questions you may have about Webster Bank or if you can let us know any information regarding this promotion.

Check back often for more Webster Bank Bonuses, Promotions, or Offers!