Update 5/30/25: Deal is back, this time $250 + ring doorbell. Hat tip to reader Orin
Offer at a glance
- Maximum bonus amount: $250
- Availability: FL, MA, NJ, NY, VT
- Direct deposit required: Yes, $500+
- Additional requirements: None
- Hard/soft pull: Soft
- Chexsystems: Yes
- Credit card funding: Yes, unknown maximum
- Monthly fees: None
- Early account termination fee: $26 if closed within three months + you forfeit bonus
- Household limit: One
- Expiration date: April 30, 2025
The Offer
Direct link to offer
- Trustco Bank is offering $250 + a stanley cup checking bonus when you open a Home Town Free Checking account and complete the following requirements:
- Receive $500+ in direct deposits (must be the entire amount from a recurring Payroll, Social Security, and/or Pension)
The Fine Print
- Promotional offer is valid from 4/4/2025 – 4/30/2025.
- Only one offer of each per eligible customer and household per 12-month period.
- Account opening and other transactional requirements must be met.
- All bonuses will be paid within 60 calendar days of verification that the requirements have been satisfied for each offer.
- 1. To receive the Stanley
Mug (approximate retail value of $50) and $250 bonus, you must open a new Home Town Free Checking with Direct Deposit. Direct Deposit must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $500 monthly Direct Deposit). - Direct Deposit must be completed within 60 calendar days from the date that the account was opened.
- Minimum of $50 to open a Checking Account. Home Town Free Checking: Does not earn interest. 2 – Initial debit card supplied at no cost. A fee may apply for replacement cards. 3 – Standard messaging and data rates may apply and vary by carrier. Offer subject to change without notice. Employees are not eligible to participate in this promotion.
- All bonuses will be reported to the internal revenue service.
- Please Note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. Stanley is a registered trademark and not affiliated with this promotion.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees to worry about. The savings account has no monthly fees to worry about as long as you have a balance of $200+
Early Account Termination Fee
If the account is closed within three months you have to pay a $26 fee, you also forfeit the bonus.
Our Verdict
Previous bonus was only $250 and had to be opened in branch. This is a better bonus but no savings bonus component. It’s a shame that the stanley mug looks branded so can’t sell that off.
Hat tip to reader Bockrr
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
