Established in 1906 and headquartered in Glen Burnie, Maryland, Arundel Federal Savings Bank will have bonus opportunities every so often and I’ll keep them updated here.
They are a small bank with just a few locations throughout Maryland.
READ MORE: WELCOME OFFERS FROM CHASE, BANK OF AMERICA, TD BANK, AXOS, AND BMO.
Savings and CD rates from Arundel Federal aren’t great so compare them to the nation’s best before deciding (compare Savings rates here and CD rates here).
I’ll review the current offers below.
Arundel Federal $300 Checking Bonus
Open a new Arundel FreeBee Checking account to qualify for this bonus offer up to $300.
- No expiration listed
- Offer available in Maryland
- FreeBee Checking account qualifies for the offer
- Application will trigger a Soft Pull, which does not affect your credit
- No monthly fees with this account
- There’s an early account termination fee of $15 if account is closed within 90 days of opening
How To Earn The Bonuses
- Open an account online or in-branch with promo code FREEBEE19.
- Get $50 when you make a minimum of 15 debit card purchases within 90 days of account opening date.
- Get $50 when you enroll in Bill Pay, establish at least 3 qualified payees (ex. BGE, Verizon, Kohls, Comcast etc.…) and make a minimum of 2 bill payments to each payee, within 90 days of account opening date. Person to Person payments not applicable.
- Get a $100 bonus when you receive a recurring qualified Direct Deposit of at least $400, 3 times, within 90 days of account opening date. Qualified Direct Deposits must be payroll, pension or social security. Bank transfers, person-to-person or other electronic money transfers such as those made through internet payment services do not qualify.
- Get a $100 bonus when you maintain a daily balance of $200 for 75 consecutive days within 90 days of account opening date.
Fine Print
- In order to be eligible, you must be a Maryland resident and a new AFSB checking account customer and open a new Arundel Federal FreeBee Checking account online or in-branch using the promotional code “FREEBEE19”.
- Account application subject to approval.
- $50 minimum opening deposit required.
- You may open only one eligible account per Taxpayer ID Number.
- Offer only available to natural persons.
- You must not have had an AFSB FreeBee Checking account within the last 90 days, had one closed with a negative balance or received an AFSB bonus payment within the last 12 months.
- You must maintain the account in good standing (no non-sufficient funds/returned deposits) during the first 90 days.
- A $15 early close-out fee applies if the account is closed within 90 days of the date the account was opened.
- After 90 days, dependent on which requirements you completed, your bonus will be deposited into your new FreeBee Checking account within 14 business days (Monday-Friday, excluding holidays) as a 2019 FreeBee Bonus.
- Bonus will be reported on IRS form 1099.
- Offer/bonus is not available to Arundel Federal Savings Bank directors, officers, employees and their families.
- They reserve the right to withdraw this offer at any time.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.