Dedham Savings
Dedham Savings Free & Easy Checking $250 – $750 Bonus
Dedham Savings pays you $250 when you open a Free & Easy Checking account with promo code SELECT and, within 90 days, receive $2,500 or more in direct deposits plus 5 debit card or Bill Pay transactions totaling $100 or more. Larger direct deposit totals pay $500 or $750. No monthly fee, $25 to open, and the offer runs through December 31, 2026.
- Bonus range
- $250 – $750
- Expires
- Dec 31, 2026
- Time to complete
- ~90 days
- Bonus deposited in
- ~180 days
- Difficulty
- Easy
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Requirements
Last verified: Aug 16, 2026
$250 Tier
Open the account with promo code SELECT
Open a Free & Easy Checking account online and enter the code SELECT where the application says Enter/Add Promo Code. Opening in a branch also qualifies. The minimum opening deposit is $25, or $50 if you want a debit card.
Receive $2,500 in direct deposits
Receive qualifying direct deposits totaling $2,500 or more within 90 calendar days of account opening. A qualifying direct deposit is a recurring electronic deposit of a paycheck, pension, Social Security, or other regular monthly income from an employer or outside agency.
Make 5 debit card or Bill Pay transactions
Within the same 90 days, make either 5 or more Dedham Savings debit card transactions totaling $100 or more, or 5 or more Bill Pay transactions totaling $100 or more. Either path counts.
$500 Tier
Open the account with promo code SELECT
Open a Free & Easy Checking account online and enter the code SELECT where the application says Enter/Add Promo Code. Opening in a branch also qualifies. The minimum opening deposit is $25, or $50 if you want a debit card.
Receive $10,000 in direct deposits
Receive qualifying direct deposits totaling $10,000 or more within 90 calendar days of account opening. A qualifying direct deposit is a recurring electronic deposit of a paycheck, pension, Social Security, or other regular monthly income from an employer or outside agency.
Make 5 debit card or Bill Pay transactions
Within the same 90 days, make either 5 or more Dedham Savings debit card transactions totaling $100 or more, or 5 or more Bill Pay transactions totaling $100 or more. Either path counts.
$750 Tier
Open the account with promo code SELECT
Open a Free & Easy Checking account online and enter the code SELECT where the application says Enter/Add Promo Code. Opening in a branch also qualifies. The minimum opening deposit is $25, or $50 if you want a debit card.
Receive $20,000 in direct deposits
Receive qualifying direct deposits totaling $20,000 or more within 90 calendar days of account opening. A qualifying direct deposit is a recurring electronic deposit of a paycheck, pension, Social Security, or other regular monthly income from an employer or outside agency.
Make 5 debit card or Bill Pay transactions
Within the same 90 days, make either 5 or more Dedham Savings debit card transactions totaling $100 or more, or 5 or more Bill Pay transactions totaling $100 or more. Either path counts.
Dedham Savings deposits the bonus into your checking account within 90 days after you meet the qualifications.
Account Details
Dedham Savings deposits the bonus into the checking account within 90 days after you meet the requirements.
Eligibility
Only for clients who do not have an existing or prior personal checking account at Dedham Savings.
- The offer disclosure states no residency requirement. Dedham Savings is a Massachusetts mutual savings bank headquartered in Dedham, MA, and its branches are all in eastern Massachusetts, so the online application may not accept applicants from outside its area.
- One offer per client.
- Open online with promo code SELECT, or in person at any Dedham Savings location.
Tips & Gotchas
- →This is the entry tier and the realistic one for most people. $2,500 of direct deposit over 90 days is under $850 a month.
- →Enter the promo code SELECT during the application. Without it the bonus does not apply.
- →Deposit $50 at opening if you want a debit card. The $25 minimum opens the account but does not get you a card, and the debit card leg is one of the two ways to finish the transaction requirement.
- →Bill Pay works instead of the debit card. Five Bill Pay transactions totaling $100 or more count the same as five debit purchases.
- →Person to person payments, transfers between your own accounts, and PayPal or eBay payments do not count as direct deposits.
- →The offer terms name no state restriction, but Dedham Savings is an eastern Massachusetts bank. Confirm the application accepts your address before you plan on the bonus.
Can You Earn This Bonus Again?
Fine Print
The Bonus Select offer is available with Free & Easy Checking, for clients who do not have an existing or prior personal checking account at Dedham Savings. Open the account and complete the direct deposit and transaction requirements within 90 calendar days of the account opening date. A direct deposit is a recurring deposit of a paycheck, pension, Social Security, or other regular monthly income electronically deposited by an employer or outside agency. Person to person payments, self-initiated transfers between your own accounts, and payments through third parties such as PayPal or eBay do not qualify. The bonus is deposited to the checking account within 90 days after qualifications are met and is reported to the IRS. One offer per client. Offer expires December 31, 2026. No minimum balance is required to earn the bonus. $25 minimum deposit to open the account, $50 to receive a debit card. To receive the bonus, the account must be opened in person at a Dedham Savings location or online using code SELECT.
Taxable income · Reported on 1099-INT
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