Offer Summary:
- Maximum Bonus Amount: $350
- Eligible States: Pennsylvania (PA), New Jersey (NJ), Delaware (DE), or Maryland (MD)
- Direct Deposit Requirement: Yes — at least $500 within 90 days of account opening
- Additional Requirements: None
- Credit Inquiry Type: Unknown (Hard/Soft pull not specified)
- ChexSystems Inquiry: Unknown
- Credit Card Funding Option: Unknown
- Monthly Maintenance Fee: $6 (can be waived)
- Early Account Closure Fee: $20 if closed within 90 days
- Household Limit: One bonus per household
- Offer Expiration Date: July 31, 2025
Direct Official Link to Offer Page
WSFS Bank $350 Checking Bonus
WSFS Bank $350 checking bonus, with the latest terms and conditions as of May 11, 2025.
Summary of Key Details
WSFS Bank is offering a $350 bonus to new consumer checking clients in Pennsylvania, New Jersey, Delaware, or Maryland who open an eligible checking account and post a single qualifying direct deposit of $500 or more within 90 days of account opening. The bonus will be credited to the account within 60 days after that 90-day qualification window, provided the account is open and in good standing. Clients must open one of WSFS’s Everyday Banking, Relationship, or Campus Banking checking accounts to qualify. This offer is valid through July 31, 2025.
Background on WSFS Bank
WSFS (Wilmington Savings Fund Society) Bank is the oldest and largest locally managed bank and trust company headquartered in the Greater Philadelphia and Delaware region, with over 190 years of continuous operation. It serves customers through 114 branch locations across Pennsylvania, Delaware, New Jersey, Florida, Nevada, and Virginia, plus a broad network of ATMs and digital channels.
Offer Details
Eligible Accounts
- Everyday Banking Checking Account
- Relationship Checking Account
- Campus Banking Checking Account
These accounts typically carry a $6 monthly fee for Everyday Banking (waived with direct deposit or maintaining a $500 average balance) and tiered benefits or fee waivers depending on balance or activity for the Relationship and Campus products.
Qualifying Activity
- Direct Deposit Requirement: One Automated Clearing House (ACH) credit of $500 or more within 90 days of account opening.
- What Counts: Paychecks or government benefit payments based on transaction descriptions; non-payroll or tax payments do not qualify.
Timeline & Bonus Delivery
- Account Opening: New WSFS consumer checking client must open an eligible account.
- 90-Day Window: Complete a single qualifying direct deposit of $500+ within 90 days of opening.
- Bonus Posting: Receive the $350 bonus within 60 days after the end of the 90-day qualification period, provided the account remains open and in good standing.
Fine Print & Conditions
- One Bonus per Household: Only one qualifying account per household
- New Client Only: Must not have signing authority on any existing WSFS account.
- Expiration: Offer must be completed by July 31, 2025.
- Tax Treatment: Bonus is reported on IRS Form 1099 and is considered taxable income.
- Modification Rights: WSFS may extend, modify, or discontinue the offer at any time, and terms may vary by market.
Geographic Availability
This promotion is limited to residents of Pennsylvania (PA), New Jersey (NJ), Delaware (DE), and Maryland (MD). Out-of-state applicants may face identity verification challenges if they cannot visit a branch in person.How This Compares in the Market
In the current competitive landscape, many regional banks have rolled out similar checking bonuses ranging from $200 to $600, often requiring higher direct-deposit thresholds or multiple deposits. For example, Huntington Bank’s Perks Checking bonus tops out at $400 with a $500 direct-deposit requirement, while some national offers require multiple deposits or new-to-bank funds of $2,000+. WSFS’s single-deposit, moderate minimum offer of $500 makes it one of the more accessible $350 bonuses available in its footprint through mid-2025.Practical Example
Scenario: Jane Doe, a new resident of Wilmington, DE, opens an Everyday Banking Checking account on May 15, 2025. She arranges her monthly employer direct deposit of $1,200 to post to her WSFS account on June 1, 2025. Because this single deposit exceeds $500 and occurs within 90 days of account opening, she will receive her $350 bonus by August 30, 2025, assuming her account remains open and in good standing.Takeaways & Next Steps
- If you live in PA, NJ, DE, or MD and are due to set up direct deposit, this WSFS $350 bonus is straightforward and requires only one deposit of $500+.
- Review potential monthly fees and avoid early account closure to ensure bonus receipt.
- Visit WSFS’s official offer page or your nearest branch to confirm current terms before applying.