ReferLiveTM Terms & Conditions

Refer-A-Friend Checking Offer:

Referrer will earn a $50 Visa Reward Card for each qualified referral. The referrer must submit a valid e-mail address for each referee. The referred account is qualified if it meets the deposit and activity requirements for the minimum reward, and is considered in good standing at the time of reward card issuance. An account is considered to be in good standing if it has a positive balance and is not in the process of being closed. The referrer may be paid for up to ten (10) referrals (max of $500) within a calendar year.

The referee may earn a $25, $75 or $250 Visa Reward Card based on meeting the following requirements. Referee may earn a $25 card for opening a qualified checking account and completing ONE of the following by the end of the second full month that the account is open: a) Receive a Direct Deposit (Direct Deposit transactions are limited to payroll, Social Security, pension and government pensions; PayPal transactions are excluded) OR, b) make 5 online bill payments, OR c) make 10 debit card transactions (ATM withdrawals are not eligible). Or, referee may earn a $75 card for completing all requirements for the $25 card, PLUS maintaining an average balance of $2,500. Or, referee may earn a $250 card for completing all requirements for a $25 card, PLUS maintaining an average balance of $10,000. Average balance will be calculated as the average amount held in the account during the second full month that the account is open. (For example, if the account is opened on June 15th, the balance will be calculated as the average amount held in the account during the month of August.)

To be eligible, referee must not have had an active Webster Bank Checking account within the past 60 days. Referee must provide a valid e-mail address at account opening that matches the address provided by the referrer. Qualified referee must reside in CT, MA, RI or NY and open a Webster Value Checking, WebsterOne® Relationship Checking or Premier Checking Account. Minimum opening deposit required for these accounts is $50 except for Premier Checking, which is $500. Premier Checking and WebsterOne checking are interest bearing accounts. The tiers for Premier Checking are $0 to $2,499, $2,500 to $9,999, $10,000 to $24,999, $25,000 - $49,999, and $50,000 and over. For Premier Checking, the APY (Annual Percentage Yield) as of 08/01/18 was 0.01% for balances of $0.01 - $49,999.99, and 0.02% for balances $50,000.00 and over. For WebsterOne Relationship Checking, the APY as of 08/01/18 was 0.01%. APY for all accounts is subject to change at any time. Click here for current rates. Rates and fees may vary by state and region; fees may reduce earnings. For further information about accounts that qualify for this offer, please click here.

This offer may not be combined with other offers and may be withdrawn at any time without notice.

Accounts opened by Webster Bank employees and their immediate family members and members of their household are not eligible for the reward.

The referrer and referee will each receive their reward cards, pending qualifications, approximately 14-16 weeks after account opening. Each reward card amount will be reported to the IRS, state and local tax authorities if required by applicable law. Recipient is responsible for any federal, state and/or local taxes on reward items. Visa is a registered trademark of Visa, Inc. Visa is not a participant or sponsor of this promotion.