Here, you can find the most recent WaterStone Bank sign-up bonuses and other deals. In the past, most bonuses have been between $200 and $250.
Established in 1921 and headquartered in Wauwatosa, Wisconsin, WaterStone Bank has around 13 locations throughout the state.
READ MORE: WELCOME OFFERS FROM CHASE, BANK OF AMERICA, TD BANK, AXOS, AND BMO.
We’ll review the current promotions below.
WaterStone Bank Up to $350 Checking and Money Market Offers
- What you’ll get: Up to $350 for checking and money market accounts
- Where it’s available: WI
- How to earn it:
- Earn $200: When a recurring direct deposit totaling $300 or more is deposited into your checking within 90 calendar days of opening.
- Earn $25: If use debit card five times within one statement cycle within 90 calendar days of account opening.
- Earn $25: When e-statements are set up within 90 calendar days of account opening.
- Earn $100: When your Money Market account balances reach $10,000 or more within 90 calendar days of account opening.
- When it expires: None listed
Look at the promos from Chase Bank, TD Bank, Aspiration and more here.
Waive The Monthly Fee
There is no monthly service fee although but be careful of the early termination fee for closing the account before 90 days of account opening.
Fine Print
BRAVO Checking Program
- Universal Checking account requires $100.00 minimum balance to open the account and does pay interest.
- Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.
- For tax reporting purposes, a 1099 form may be issued at year end for recipients of bonuses.
- Other checking options are available for this offer, ask the bank for more details.
- Employees and agents of WaterStone Bank SSB, its respective affiliates and subsidiaries are not eligible.
- Offer is redeemable at any branch location, cannot be combined with other offers, is limited to one per customer and is not valid to individuals that received an incentive under another offer in the past 5 years.
- See Account Disclosure for more information.
- $200.00 Cash Bonus when direct deposits of payroll or government benefits totaling $300.00 or more is deposited within 90 calendar days of account opening.
- Bonus will be credited to the new checking account on the first statement cycle after the direct deposit is received.
- A statement cycle may be from the 17th (a calendar day) of a month to the 16th (a calendar day) of the next month.
- To determine your statement cycle please ask your Personal Banker at the time of account opening.
- 1,000 ScoreCard® Rewards Bonus points when logging into ScoreCard® Rewards website for the first time.
- Reward points will be credited to your ScoreCard® Rewards account within 30 calendar days of account opening.
- A $25.00 e-statement bonus will be credited to your new checking account when e-statements are set up within the first 90 days of account opening.
- The reward is credited within the first statement cycle of the account receiving e-statements.
- A $25.00 debit card usage bonus will be credited to your new checking account when five (5) debit card purchases have posted and settled to the new checking account within one statement cycle (ATM transactions do not qualify) and within 90 calendar days of account opening.
BRAVO Money Market Program
- Money Market account requires $100.00 minimum balance to open the account and does pay interest.
- Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.
- For tax reporting purposes, a 1099 form may be issued at year end for recipients of bonuses.
- A WaterStone Bank SSB (WSB) companion Universal Checking account is required to open the Money Market account.
- There is no minimum balance fee for the first 90 days.
- See Account Disclosure for more information.
Bottom Line
The bank offers similar deals for other checking accounts. The additional money market bonus would make it worthwhile in my opinion.
WaterStone Bank $300 Checking Bonus + 1,000 ScoreCard Rewards Points
- What you’ll get: $300 + 1,000 ScoreCard Rewards Points
- Where it’s available: WI
- How to earn it:
- Open a Classic Club, HERO, MVP, or Student checking account with a $100 minimum balance to open.
- Offer is redeemable at any branch location, cannot be combined with other offers, and is limited to one per household.
- Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.
- Upon opening a WSB Universal Checking account and enrolling in ScoreCard® Rewards program, 1,000 ScoreCard® Rewards points will be credited to your ScoreCard® Rewards account within 30 calendar days of account opening.
- When it expires: None listed
Waive The Monthly Fee
- Essential Checking: With 5 Debit Card purchases or more that have posted and settled to the checking account each statement cycle (ATM transactions do not qualify) or direct deposits of payroll or government benefits totaling $300.00 or more each statement cycle; otherwise a monthly usage fee of $10.00 will be imposed.
- Universal Checking: With $1,000.00 average daily balance, qualify to participate in the MVP, Student, or BRAVO Program, or have $10,000.00 or more in average daily balances for the statement cycle of related accounts; otherwise $25.00 monthly minimum balance fee will be imposed.
Fine Print
- Checking and Money Market Offer Effective May 1, 2021.
- Bonus offers require a new WaterStone Bank SSB (WSB) Universal Checking account to be open and active for the entire statement cycle in order to qualify for that statement cycle’s bonus.
- The Universal Checking account requires $100.00 minimum balance to open the account.
- Offer(s) applies to new checking account customers only and does not apply to individuals that closed a WSB checking account within the past 180 calendar days.
- Offer is redeemable at any branch location, cannot be combined with other offers, and is limited to one per household.
- Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.
- For tax reporting purposes, a 1099 form may be issued at yearend for recipients of bonuses.
- $200.00 Automatic Deposit bonus offer requires a $500.00 minimum automatic deposit of payroll, pension, social security or government benefits to be received within 60 calendar days of account opening and will be credited to the new checking account on the first statement cycle after the direct deposit is received.
- Rewards will be consolidated and credited to the new checking account on the last day of the statement cycle.
- Upon opening a WSB Universal Checking account and enrolling in ScoreCard® Rewards program, 1,000 ScoreCard® Rewards points will be credited to your ScoreCard® Rewards account within 30 calendar days of account opening.
- A statement cycle may be from the 17th (a calendar day) of a month to the 16th (a calendar day) of the next month.
- To determine your statement cycle please ask your Personal Banker at the time of account opening.
WaterStone Bank $250 Business Checking Bonus
- What you’ll get: $250
- Where it’s available: WI
- How to earn it:
- Use promo code: SMBIZ
- Open a new WaterStone Bank SSB (WSB) Business Checking account and keep the account open and active for the entire statement cycle (A statement cycle may be from the first day of a month to the last day of that same month) in order to qualify for the bonus.
- When it expires: None listed
Waive The Monthly Fee
- Business Essential Checking: Daily Balance of $200.00 or Average Daily Balance of $500.00; otherwise a monthly usage fee of $15.00 will be imposed.
- Business Advantage Checking: Daily Balance of $2,500.00 or Average Daily Balance of $5,000.00 or if you have a Business Loan of at least $250,000.00; otherwise $20.00 monthly minimum balance fee will be imposed.
- Business Analysis Checking: Average Daily Balance of $10,000.00 or Consolidated Balance of $25,000.00; otherwise $25.00 monthly minimum balance fee will be imposed.
- Business Interest Checking: Daily Balance of $200.00 or Average Daily Balance of $500.00; otherwise $15.00 monthly minimum balance fee will be imposed.
Fine Print
- Business Checking account requires $100.00 minimum balance to open the account and does not pay interest.
- Offer(s) applies to new checking account customers only and does not apply to individuals that closed a WSB checking account within the past 180 calendar days.
- Offer is redeemable at any branch location, cannot be combined with other offers, is limited to one per customer and is not valid to individuals that received an incentive under another over in the past 5 years.
- For tax reporting purposes, a 1099 form may be issued at yearend for recipients of bonuses.
- Please ask your Personal Banker at time of account opening.
- Bonus will be paid on the last day of the first full statement cycle. Offer is limited to one per customer or household.
- Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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