Newtown Savings Bank
Newtown Savings Bank Free Checking $150 Bonus
Newtown Savings Bank pays $150 when you open a new Free Checking account with promo code CONSUMERBP and receive a qualifying direct deposit of $150 or more within 60 days. No monthly fee, $25 to open. Connecticut and Putnam/Westchester County, NY.
- Bonus amount
- $150
- Expires
- Not listed
- Time to complete
- ~60 days
- Bonus deposited in
- ~90 days
- Difficulty
- Easy
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Requirements
Last verified: Oct 1, 2026
Open with code CONSUMERBP
Open a new Free Checking account with promo code CONSUMERBP and a $25 minimum deposit.
$150+ direct deposit in 60 days
Receive a qualifying direct deposit of $150 or more within 60 days of opening. Salary, pension, Social Security, or other regular income by ACH counts. Transfers between accounts, Zelle, Venmo, and branch, ATM, or mobile deposits do not.
Stay positive for 90 days
Keep the balance from going negative during the 90-day period, or the bonus is not paid.
Newtown deposits the $150 into the checking account by the end of the month after the qualifying direct deposit, generally within 90 days.
Account Details
- Free Checking has no monthly maintenance charge and no minimum balance
The bonus is paid by the end of the month after the direct deposit posts (generally within 90 days). If the balance goes negative during the 90-day period, the bonus is not paid.
Eligibility
All account holders must be new checking customers: no open personal Newtown Savings Bank checking account in the past 12 months. Maximum $350 bonus per household.
- The bank's page states no residency rule. Doctor of Credit lists the offer as available to Connecticut residents and Putnam and Westchester County, New York residents only.
- Online opening requires age 18 or older.
Tips & Gotchas
- →Maximum $350 bonus per household, so pick one checking account per household.
- →Only a real direct deposit counts. Transfers from your own accounts and Zelle or Venmo payments do not.
- →Residency: the bank's page does not state a rule, but Doctor of Credit lists the offer for Connecticut and Putnam and Westchester County, NY only.
- →A single $150 direct deposit is enough, which is one of the lowest direct deposit bars around.
Can You Earn This Bonus Again?
Fine Print
Offers are available for new personal checking accounts. All account holders must be new checking account customers (no open personal Newtown Savings Bank checking account within a 12-month period). Use promo code CONSUMERBP. A qualifying direct deposit of $1,500 or more for Flagship Checking, or $150 or more for Free Checking, must be received within 60 days after account opening; the bonus is deposited into the checking account by the month-end of the following month (generally within 90 days). If the account balance is negative during the 90-day period, the bonus will not be paid. A qualifying direct deposit is salary, pension, Social Security, or other regular monthly income deposited through ACH by an employer or outside agency; transfers between accounts, person-to-person transfers (Venmo, Zelle), and branch, ATM, or mobile deposits do not qualify. Maximum $350 bonus per household. $25 minimum deposit to open. Free Checking has no monthly maintenance charge.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money