The referring customer must have an existing StonehamBank business checking account. For the referring business customer to receive the Refer a Business bonus, the newly referred business checking customer must meet all offer requirements. By participating in this program, each party may be aware that the other is a StonehamBank business customer.

¹ To qualify for the $500 Refer a Business Bonus: The newly referred business checking customer must open a StonehamBank Business Free or Optimum Advantage Business Checking account at a StonehamBank location or through video banking. Within 90 days of the account opening date, the newly referred business customer must: enroll in online banking, have a StonehamBank debit card, and maintain a daily balance of $10,000 or more in the new checking account. The referred customer must provide completed Refer a Business paperwork upon account opening and must not have any existing or prior business checking accounts with StonehamBank within the previous 12 months. Once the offer requirements are met, the $500 bonus will be credited into the new business checking account and the referring customer’s business checking account within 120 days from the new account opening date. Both accounts must remain open, active, and in good standing to receive the bonus. In the event of the checking account’s closure by the referrer, referee, or StonehamBank within 6 months of the account opening, StonehamBank reserves the right to deduct the bonus amount from any of the involved accounts upon closure. StonehamBank may issue an IRS Form 1099-INT or other appropriate forms reporting the value of the bonus. The offer is subject to change and may be withdrawn at any time.