Eastern Bank
Eastern Bank Free Checking
This bank doesn't currently have an active bonus. Here's its offer history.
What you can open instead
These banks are paying a bonus right now on the same kind of account.
Direct Deposit Data Points 7
7 community reports across 4 transfer sources, showing what triggers a qualifying direct deposit at Eastern Bank.
How long until the bonus posts? The most recent community reports average about 133 days. See 6 reports on Eastern Bank Checking payout timelines →
Account Details
Eastern commits only to paying the bonus by February 11, 2027, so plan on keeping the account open with a positive balance until then.
Eligibility
You cannot have been an owner of an Eastern Bank personal checking account on or after August 1, 2025.
Can You Earn This Bonus Again?
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What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
What is ChexSystems?
ChexSystems is a banking history report that can affect bonus approvals. Here's how it works, which banks check it, and how to work around a bad record.
Do Bank Bonuses Show Up on a 1099-INT?
Yes. Bank bonuses are taxable income. Once you earn $10 or more from a single bank in a calendar year, the bank sends a 1099-INT and you report it as ordinary income on your tax return.
Also see: this month's best bank bonuses and the full offer history archive.