Snag $400! Maspeth Federal Savings Account Bonus

Maspeth Federal Savings is offering a lucrative bonus for new customers in New York. By opening both a checking and savings account, and meeting specific requirements, you can earn a total of $400. This promotion is exclusively available to residents of Queens, Brooklyn, Suffolk, Nassau counties, and St. John's University students. Existing Maspeth Federal Savings customers or those who have closed accounts within the last 180 days are ineligible. To qualify, you must open a LifeGreen Checking account and a savings account using the promo code NEW400PROMO. The key requirement involves establishing direct deposit: three qualifying deposits of over $300 must be made within 120 days of enrollment, with at least one deposit per month. Additionally, you need to maintain a $100 balance in your savings account for the same 120-day period. The bonus, considered interest income and reported on a 1099-INT form, is deposited into your checking account in the statement cycle following the 120-day period. Both accounts are fee-free. While the bank suggests legitimate direct deposits, some users have reported success with different ACH transfers. It's advisable to be prepared to visit a branch for account opening. This promotion is a fantastic opportunity for those seeking to boost their savings, especially given the lack of monthly fees. However, carefully review the eligibility criteria to avoid disqualification. The offer expires on August 15, 2025. Remember, only one bonus is allowed per household.

(Source: https://dannydealguru.com/maspeth-federal-savings-400-bonus/)