First Niagara Bank $200 Bonus Review

For Residents of Connecticut, Massachusetts, Pennsylvania, or New York, First Niagara Bank is offering a $200 bonus when you open a Pinnacle or PinnaclePlus Checking account. To obtain the $200 bonus you must receive direct deposits totaling $250 or more within 60 days of opening the account. First Niagara Bank Checking also includes, mobile banking, mobile check deposit, mobile one-swipe balance, online bill pay, loan discounts,  annual investments review, and much more! Follow the simple steps below to earn your $200 bonus!

How To Earn First Niagara Bank $200 Bonus:

1. Open an First Niagara Bank account by 3/31/2015.
2. Receive direct deposits totaling $250 or more. (Electronic deposit of your paycheck, pension or government benefits)
3. Complete within 60 days of opening the account.
4. Recieve the cash bonus within your new checking account within 30 days from end of month.

First Niagara Bank Promotion Summary:

• Direct Bonus Link
  
• Account Type: Pinnacle or PinnaclePlus checking(We Recommend Pinnacle checking since the minimum opening deposit is $50 rather than $500)
• Maximum Bonus: $200
• Availability: Connecticut, Massachusetts, Pennsylvania, or New York
• Expiration Date: 3/31/2016
• Hard/Soft Pull: Soft Pull (Chex inquiry)
• Direct Deposit Requirement: Yes, direct deposit of at least $250.
• Additional Requirements: None
• Monthly Fee: Yes, to avoid the $15 monthly fee, you must maintain a minimum daily balance of $1,000, or a combined balance of at least $25,000 in deposits, consumer loans, credit card balances, and investment accounts.
• Early Termination Fee: Yes, a termination fee of $25 will occur if account is closed within 180 days.

Fine Print & Bonus Terms:

• Cannot be combined with any other promotional rate or reward/bonus programs.
• Valid only for individuals who have not had any consumer checking relationship with First Niagara in the previous 365 days.
• Customers may only receive a bonus on one account.
• Bank employees and members of their household are not eligible.
• The cash bonus will appear on your IRS 1099-INT for the year in which the bonus is paid.
• Promotion runs through 12/31/15 and can be withdrawn at any time.
• Account must remain open for 180 days to avoid a $25 Early Account Closing fee.
• All accounts subject to approval and applicable fees.

Final Analysis:

For those living in Connecticut, Massachusetts, Pennsylvania, or New York, I recommend opening a First Niagara Bank Checking to receive an easy cash $200 bonus by receiving direct deposits totaling $250 or more within 60 days of account opening. I also recommend opening a Pinnacle checking rather than PinnaclePlus checking because of the difference in the minimum opening deposit. Overall, this is a great way to earn a cash bonus of $200. Don’t forget to check out our complete list of Bank Promotions!