Find Trustco Bank (trustcobank.com) promotions and bonuses updated here. Typical offers in the past have been for $100 to $300 cash.
Update 11/15/2022: The $25/$75 referral bonus has been extended through 11/30/2022.
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.
READ MORE: WELCOME OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK AND U.S. BANK.
I”ll review the current offers below.
Trustco Bank $25/$75 Checking Or Savings Referral Bonus
- What you’ll get: $25 for you, $75 for your referral
- Where it’s available: FL, MA, NJ, NY, VT
- How to earn it: 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.
- When it expires:
10/31/202211/30/2022
Waive The Monthly Fee
Home Town Free Checking Account has no monthly fee.
Home Town Premier Checking:
If Direct Deposit is canceled on the Home Town Premier Checking Account a Monthly Average Collected Balance of $500 is required or $5 Monthly Service Charge applies.
Fine Print
- 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.
[Expired] Trustco Bank Up To $200 Checking And Savings Bonus
- What you’ll get: Up to $200 bonus
- Where it’s available: FL, MA, NJ, NY, VT
- How to earn it:
- $100 bonus when you open a Home Town Personal or Business Checking Account† with direct deposit or $5,000 minimum balance for 60 days, or 15 debit card transactions within 45 days.
- $100 bonus when you open a new Personal or Business Savings Account with $10,000 minimum balance for 60 days.
- When it expires: 9/30/2022
Waive The Monthly Fee
Home Town Free Checking Account has no monthly fee.
Home Town Premier Checking:
If Direct Deposit is canceled on the Home Town Premier Checking Account a Monthly Average Collected Balance of $500 is required or $5 Monthly Service Charge applies.
Fine Print
- All bonuses will be paid within 60 calendar days of verification that the requirements have been satisfied for each offer.
- To receive the $100, you must open a Home Town Premier Checking, Home Town Free Checking, Student Checking or Business Checking Account with either Direct Deposit or 10 debit card transactions within 60 days of account opening.
- Direct Deposits must be the entire amount from a recurring Payroll, Social Security, and/or Pension (minimum of $100 monthly Direct Deposit).
- Minimum of $50 to open a Checking Account.
- Monthly Service Charge or fees may reduce earnings.
- To receive the $100, you must open a new Savings Account with a minimum of $5,000 (Club Accounts excluded).
- Please note: They reserve the right to alter or withdraw these products or certain features without prior notification.
Bottom Line
Lower value than their previous $300 offer, which required more accounts that needed to be open for the max bonus. Compare with offers from Chase, Bank of America, TD Bank, Aspiration and more here.
[Expired] Trustco Bank $150 Business Checking Offer
- What you’ll get: $150
- Where it’s available: FL, MA, NJ, NY, VT
- How to earn it: Open a new Home Town Business Checking Account with an average balance of $2,500 for the first statement cycle.
- When it expires: 4/30/2022
See great bonuses from Chase, Aspiration, Bank of America and more here.
Waive The Monthly Fee
$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.
Fine Print
The $150 will be deposited to your account within 60-days of completing the requirements.
Bottom Line
They previously offered a $200 bonus for a business or personal checking account. Compare this offer with the best bank bonuses here.
[Expired] Trustco Bank $200 Checking & Savings Bonus
- What you’ll get: $200
- Where it’s available: In-branch only [FL, MA, NJ, NY, VT)
- How to earn it:
- Earn $100: Open a new Hometown Premier or Hometown Free Checking and receive $5,000 in direct deposits or $5,000 minimum balance for 60 days or 10 debit card transactions within 45 calendar days
- Earn $100: Open a Hometown Savings account (club accounts excluded) with $5,000 minimum balance for 60 days (checking account must be opened at the same time)
- When it expires: 9/6/2021
How To Earn The Bonus
- Earn $100: Open a new Hometown Premier or Hometown Free Checking and receive $5,000 in direct deposits or $5,000 minimum balance for 60 days or 10 debit card transactions within 45 calendar days
- Earn $100: Open a Hometown Savings account (club accounts excluded) with $5,000 minimum balance for 60 days (checking account must be opened at the same time)
There is no monthly service charge for the free checking account and savings account (with a minimum balance of $200).
- 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 $100 monthly Direct Deposit). Minimum of $50 to open a Checking Account.
- If Direct Deposit is canceled on the Home Town Premier Checking Account, a daily collected balance of $500 is required or $5 Monthly Service Charge applies.
- A checking account with the above-mentioned criteria must also be open, active, and in good standing.
- Mortgage subject to credit approval. Offer valid on new purchases, new construction, and non-Trustco Bank refinances. The value of the application fee for loans $15,000 to $550,000 is $299.00 and loans $550,001 to $1,500,000 is $349. NMLS# 474376.
- Employees are ineligible from promotions.
- Please Note: Trustco reserve the right to alter or withdraw these products or certain features thereof without prior notification.
Bottom Line
The bank had previous offered $300 for a similar deal but this is not a bad deal.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
