Astoria Bank $250 Bonus Review

For residents of New York, Astoria Bank is offering a $250 bonus when you open a Simple + or Select Checking account valid until December 31, 2015. In order to open an Astoria Checking account, you must be at least 18 years old along with a minimum deposit of $100 to open. Simple+ checking comes with free online banking, free mobile banking, free telephone banking, closing cost discount, and much more. Follow the steps below to earn your $250 bonus!

How To Earn Astoria Bank $250 Bonus:

1. Open an Astoria Bank Checking(Simple+ or Select checking) by 12/31/2015. We recommend Simple+ checking.
2. For the Simple+ account, you are required to maintain an average monthly balance of $2,500.
3. Then set up direct deposits totaling at least $250 per month for three consecutive months within the first four months of account opening OR Have three Bill/People Pay payments of at least $25 post to your account for 3 consecutive months.

Astoria Bank Promotion Summary:

• Direct Bonus Link
  
• Account Type: Simple + or Select Checking
• Maximum Bonus: $250
• Availability: New York
• Expiration Date: 12/31/2015
• Hard/Soft Pull: Soft pull only (ChexSystem)
• Direct Deposit Requirement: Optional. If you choose direct deposit, then you must deposit $250+ for three consecutive months.
• Additional Requirements: Optional, you can do 3 bill payments of at least $25 for 3 consecutive months within 4 months of opening the account.
• Monthly Fee: Yes, it can be waived with a monthly balance of $2500.
• Early Termination Fee: None

Fine Print & Bonus Terms:

• Limited to one offer per customer.
• Cash bonus of $250 will be credited to the account within 30 business days after receipt of the third month’s required direct deposits or within 30 business days of the third month’s required bill / People Pay payments.
• The bonus is limited to $250 per account.
• Cash bonus will be reported as income on IRS Form 1099-INT.

Final Analysis:

For those living in New York, I recommend to open the Astoria Bank Simple+ Checking account to receive the $250 cash bonus by doing 3 bill pays of at least $25. Then I would make sure to deposit $2,800 in order to do 3 bill pays and keep an average monthly balance of $2500 to avoid the monthly fee. Overall, this is a easy cash bonus of $250 into your checking account. If not, then see our complete list of Bank Promotions!