Find new Trustco Bank promotions, bonuses, and offers here for Checking accounts here.
Update 11/19/24: There’s currently a $300 checking & savings bonus available through 12/31/24.
About Trustco Bank Promotions
Established in 1925 as the Canajoharie Building, Savings and Loan Association, Trustco Bank received its current name in 2002. They are New York-based and have around 150 locations throughout Florida, Massachusetts, New Jersey, New York, and Vermont.
I’ll review the current offers below.
Trustco Bank $300 Checking & Savings Bonus
You can receive up to a $300 bonus from Trustco Bank when you open the qualifying checking and saving accounts and complete the requirements. This offer is available in-branch only.
- What you’ll get: $200 bonus
- Account Type: Hometown Free Checking and Savings
- Availability: FL, MA, NJ, NY, VT (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fees: $5; waivable
- Early Account Termination Fee: $26 if closed within three months and you forfeit the bonus.
- Household Limit: None listed
(Expires 12/31/2024)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Earn $200 when you open a Home Town Premier Checking with Direct Deposit! Plus!
- Earn an additional $100 when you open a new Home Town Savings account with $10,000 new money!
- Promotional offer is valid from 10/1/2024-12/31/2024.
- 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 $200 bonus, you must open a new Home Town Premier Checking or 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 45 calendar days from the date that the account was opened.
- Minimum of $50 to open a Checking Account.
- Home Town Premier Checking: $5 Monthly Service Charge.
- Monthly service charge is waived if there is a reoccurring direct deposit as described above or a monthly average collected balance of $500. Minimum daily collected balance of $500 to earn an Annual Percentage Yield (APY). APY is 0.01%, current as of 9/26/2024, and subject to change at any time.
- The rate may change after the account is opened. Fees may reduce earnings. Home Town Free Checking: Does not earn interest. 2 – Home Town Savings Account: Club Accounts excluded in this promotion. To receive the $100 bonus, you must open a new Savings Account with a minimum of $10,000 in new money and maintain a minimum balance of $10,000 for 90 days.
- A minimum deposit of $50.00 is required to open a Home Town Savings account. $5.00 monthly service charge.
- Daily available balance of $200 to waive monthly service charge.
- Minimum daily available balance of $200 to earn an Annual Percentage Yield (APY) current as of 9/26/2024 and subject to change at any time. Current APY is 0.06% for balances $200 to $14,999.99.
- For balances $15,000 to $49,999.99, the APY is 0.07%. For balances $50,000 to $99,999.99, the APY is 0.15%.
- For balances $100,000 to $249,999.99, the APY is 0.30%. For balances $250,000 and above, the APY is 0.35%.
- The rate may change after the account is opened. Monthly Service Charges or fees may reduce earnings.
- See the branch manager for current rates and terms.
- 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.
Trustco Bank $200 Business Checking Bonus (Expired)
You can receive up to a $200 bonus from Trustco Bank when you open the qualifying business checking account and complete the requirements.
- What you’ll get: $200 bonus
- Account Type: Business Checking
- Availability: FL, MA, NJ, NY, VT (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fees: None
- Early Account Termination Fee: $26 if closed within three months and you forfeit the bonus.
- Household Limit: None listed
(Expires 04/30/2024)
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $400 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Live Oak Bank Business Savings ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | Bluevine Business Checking ($300 Bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a Home Town Business Checking Account with $1,000 in new money and maintain a $1,000 minimum average balance for 3 statement cycles and receive $150, if average balance is over $5,000 then you receive $200.
- Promotional offer is valid from 3/1/2024 until 4/30/2024.
- 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.
- Minimum to open a new Home Town Business Checking Account is $50. $5 monthly service charge.
- To waive $5.00 monthly service charge, either: a $500 monthly average balance is required or set-up a qualifying Direct Deposit of your Merchant Services.
- The $150 or $200 will be deposited to your account within 60-days of completing requirements.
- 5 – Contact the Wealth Management Department to schedule your free consultation at 1-800-846-1657.
- Investment Products – Not FDIC Insured. Not a deposit. Not insured by any Federal Government Agency.
- Not guaranteed by the bank. May go down in value. 6 – Stewarts Gift Card offer valid at select Trustco Bank locations only.
- The Stewarts gift cards will be mailed within 60-days of completing requirements for any of the above deposit account promotions.
- 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.
Trustco Bank $75 Checking Referral Bonus (Expired)
- What you’ll get: $25 bonus, your friend gets $75 bonus
- Account Type: Hometown Free Checking and Savings
- Availability: FL, MA, NJ, NY, VT (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fees: None
- Early Account Termination Fee: $26 if closed within three months and you forfeit the bonus.
- Household Limit: None listed
(Expires 10/31/2022)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Receive $25 for each checking or savings account referral and your friend will receive $75.
- Non-Trustco Customer must open a new Home Town Premier Checking or a Home Town Free Checking, with either a Direct Deposit, or 15 debit card transactions, or a $5,000 minimum balance for 60 days.
- 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.
- Direct Deposit must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $500 monthly Direct Deposit). Direct Deposit or 15 debit card transactions must be completed within 45 calendar days from the date that the account was opened.
- Debit Card transactions must post and clear the account to qualify.
- Minimum of $50 to open a Checking Account.
- Bonuses will be paid within 60 calendar days of verification that the balance requirement has been met.
- A checking account with the above-mentioned criteria must also be open, active, and in good standing.
How To Waive Monthly Fees
- Home Town Premier Checking: $5 monthly fee, waived with Direct deposit of Payroll, Social Security or Retirement income OR a $500.00 monthly average collected balance.
- Home Town Free Checking: None
- Home Town Student Checking: None
- Home Town Business Checking: $5 monthly fee, waived if there is a reoccurring direct deposit of your merchant services OR a monthly average collected balance of $500.00.
 |
 |
Bottom Line
Trustco Bank is a great bank option for new sign-up promotions when becomes available. This bonus is great because they have a soft pull, so your credit score is not affected. I would recommend the free checking account, to avoid any monthly service fees.
Trustco Bank provides great options for Checking, Savings, Money Market, and CD Account, however, you may want to compare with the nation’s best savings rates and CD rates.
Compare Trustco Bank Promotions to other bank bonuses from Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
Visit us back often for the latest Trustco Bank promotions, bonuses, and offers.
Anyone knows how long it takes for bank to add reward money to your account?
Trustco’s website says that the Direct Deposit must be “the entire amount from a recurring payroll, Social Security, and/or pension (minimum of $100 monthly direct deposit)”. Can the bank really tell if your Direct Deposit is split between different banks? I don’t know how they would be privvy to that information. I have a few other promos going on right now so I can’t dedicate my whole direct deposit to Trustco right now.
Anyone successful with a split DD at Trustco still getting a bonus?
Chatted with CSR, Trustco runs a soft pull credit inquiry through chexsystems.