[Expired] [PA only] PSECU $150 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 4/22/21: There is now a bigger $250 bonus, more details here.

Offer at a glance

• Maximum bonus amount: $150
• Availability: PA only
• Direct deposit required: Yes, $300+ per month
• Additional requirements: See below
• Hard/soft pull: Hard pull (report of soft pull)
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: May 31st, 2020 December 31st, 2020 December 31st, 2021

The Offer

Direct link to offer

• PSECU is offering a checking bonus of $150 when you open a new checking account and complete the following requirements:
  • Use promo code FS150
  • Receive a debit card and online banking
  • Establish one or more qualifying payroll direct deposit(s) that together total $300 per calendar month, recurring monthly, within 90 days of establishing membership

The Fine Print

• Participant must be U.S. Resident.
• Promotion open to persons 18 years of age or older at the time the account is opened. One promo code per new member. Additional promo code will be invalid.
• The recipient of the $150 bonus is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional.
• Qualifying payroll direct deposits are defined as paychecks, Social Security payments, and pension payments.
• PSECU reserves the right to recall the $150 direct deposit bonus if the payroll direct deposit(s) is/are not active for six consecutive months or if the member account is closed within the first year of establishing membership.
• If PSECU is unable to confirm any qualifying monthly direct deposit is a recurring payroll deposit, or if the member is not in good standing as defined by PSECU’s Bylaws Article II, Section 1, PSECU reserves the right to withhold the payment of the $150 direct deposit bonus.
• Payment of the bonus will be deposited into the Regular share within 45 days after the requirements are satisfied.
• This offer is only open to new members who meet PSECU eligibility requirements.
• All decisions of PSECU regarding this promotion are final. PSECU may terminate or change the terms and conditions of this promotion without notice.
  Employees, agents, and officials of PSECU and immediate family members of any of these are not eligible for this promotion.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees to worry about.

Early Account Termination Fee

I didn’t see any mention of an early account termination fee in the fee schedule.

Our Verdict

Not really worth considering due to the hard pull. I’d recommend doing one of the bigger bonuses available in your area instead.

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