Webster Bank Promotions: Best Offers and Bonuses
Written by
Cynthia Bowman
Edited by
Melanie Grafil
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Known for being one of the largest providers of employee benefits and assisting with insurance claim settlements, along with a commitment to sustainability, Webster Bank offers personal, business and commercial banking, along with wealth management.
Webster Bank isn’t offering any new account bonuses right now, but you can benefit from sending referrals to family, friends and colleagues. Here’s a look.
Webster Bank Checking Account Bonus
Webster Bank is continuing its promotions for personal and business checking referrals. You don’t need any coupon codes to cash in on the current offers.
Expired Webster Bank Promotions
Though this promotion may have passed, you’ll be able to see past bonuses that had been offered in case a similar one comes along in the future.
Power Business Checking Bonus
If you’re a business owner looking for a new bank, the Power Business Checking account would have been for you.
- Bonus value: Up to $500
- Minimum account balance: $150,000 combined account balance
- How to claim: Meet the requirements for the Elite tier requirements by maintaining $150,000 in all of your non-interest bearing accounts.
- When you’d get it: The bonus would have been paid in $100 increments at the end of each statement cycle that the requirements were met.
Private Checking Bonus
Webster Banks’s Private Checking account had many perks, including a relationship manager and higher interest rates. Previously, an offer of up to $3,000 was offered. Here were the details:
- Bonus value: Up to $3,000
- Expiration date: March 31, 2025
- How to claim: Open a new Private Checking account. If you deposited at least $100,000, you would qualify for a $1,000 bonus. If you deposited at least $250,000, you would get a $2,000 deposit. If you deposited at least $500,000, you could get a $3,000 deposit. You must also have had a $1,000 direct deposit during a statement cycle.
- When you’d get it: At the end of the statement cycle, if the requirements were met.
How To Qualify For a Webster Bank New Account Bonus
To open an account with Webster Bank, you can go in person or submit an application online, but you must reside in Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Rhode Island or Vermont. You’ll need these things:
- A smart phone if opening the account online
- Your contact information, including phone number, email, address
- Driver’s license, passport or state ID
- Social Security number
If you’re trying to qualify for Webster Bank’s personal or business checking accounts that come with new account bonuses, make sure to read the terms before opening an account. These bonuses require significant deposits — upward of $100,000 — so if you won’t be keeping that much money in the account, you won’t be able to earn the bonus.
Tips for Maximizing Your Webster Bank Offer
To make the most of your bonus, first ensure you meet the bonus qualifications, so you don’t accidentally miss some criteria. Then, once your bonus money is deposited, avoid any account fees that could reduce your earnings. This includes the bank’s overdraft fee, which is $37. When opening the account, read through the documentation the bank sends you, so you know about any monthly service charges or other fees you might encounter, and how to avoid them.
Webster Bank’s Private Checking account also offers interest, which is just another way you can earn money on top of your bonus amount.
Is Webster Bank the Right Bank for You?
Webster Bank has a limited geographic reach, and if you don’t live in one of the states it serves, you’re probably better off looking for bank promotions elsewhere.
But if you do live in Webster’s direct service area, there’s plenty to like about the bank. You’ll have access to a variety of products, including checking, savings, money market and certificate of deposit accounts. If you open an account at the right time or have friends and family who might like the bank, you can also earn some bonus cash by switching to Webster.
Check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions.
Webster Bank Promotions FAQ
Here are more answers if you need more information about Webster Bank promotions.- How long does it take to receive a new account bonus?
- After meeting the requirements for the Private Checking bonus, you'll receive the funds at the end of the statement cycle. With the Power Business Checking bonus will be paid in $100 increments at the end of each statement cycle that you meet the requirements.
- Can existing customers qualify for these promotions?
- Typically, no. You must be a new customer to qualify for a new account Webster Bank promotion.
- What happens if I close my account early?
- You won't receive the bonus.
- Are there any taxes on bank bonuses?
- Yes, bank bonuses are taxed like interest. If you earn $10 or more per year in bonus or interest, the bank will provide you a 1099-INT form for your taxes.
More About Webster Bank
Information on promotions is accurate as of Aug. 21, 2025. Additional requirements may apply. Offers and terms are subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
