[Expired] [CT only] Union Savings Bank $100/$150 Checking Bonus

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

Update 4/1/23: Deal is back and valid until May 10, 2023. Hat tip to Tsarinax

Update 10/14/22: Extended until 10/22/22.

Update 9/19/22: Deal is back and valid until 9/30/22.

Update 3/26/22: Deal is back and valid until June 7, 2022.

Offer at a glance

• Maximum bonus amount: $150
• Availability:You must be a CT resident, or current USB customer, to apply online. If not CT resident, must apply in-branch.
• Direct deposit required: Yes, no minimum specified and can get some of the bonus without a direct deposit. 
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, Sensitive when applying online, not sensitive in branch
• Credit card funding: None
• Monthly fees: Avoidable
• Early account termination fee:
• Household limit: One
• Expiration date: October 10th, 2020 November 13, 2021

The Offer

Direct link to offer

• Union Savings Bank is offering a bonus of up to $150 when you open a new checking account. There are two options:
  • Open an essential checking account and receive a bonus of up to $100. Bonus is broken down as follows:
    • Get $50 if you make one qualifying direct deposit within 90 days of account opening
    • Get $50 when you open a USB debit card and make 10 debit card purchases within 90 days of account opening
  • Open an access checking account and get a bonus of up to $250. Bonus is broken down as follows:
    • Get $100 if you make one qualifying direct deposit within 90 days of account opening
    • Get $50 when you open a USB debit card and make 10 debit card purchases within 90 days of account opening

The Fine Print

• To receive up to $100 checking bonus, open a new Essential Checking account (subject to approval) and deposit $25 or more at account opening. Get $50.00 if you make one qualifying direct deposit within 90 days of opening the account and/or get $50.00 when you open a USB Debit Card and make 10 debit card purchases (signature or PIN) within 90 days of opening the account. ATM transactions do not qualify. Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify.
• To receive up to $150 checking bonus, open a new Access Checking account (subject to approval) and deposit $50 or more at account opening. Get $100.00 if you make one qualifying direct deposit within 90 days of opening the account and/or get $50.00 when you open a USB Debit Card and make 10 debit card purchases (signature or PIN) within 90 days of opening the account. ATM transactions do not qualify. Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify.
• Offer is valid from August 3, 2020 through October 10, 2020. New USB personal checking customers only.
  Limit one per household. Promotion may be canceled without notice. Bonus amounts will be credited to checking account between November 1, 2020 and February 1, 2021 depending on the date you open the account. Account must be open and in good standing to receive bonus. The checking bonus is subject to 1099 IRS reporting requirements.
• If qualifications are met, USB personal checking customers will have the option to donate their checking bonus to a local food bank that serves those in need within Union Savings Bank’s market area. All donations will come from USB; no funds will be withdrawn from customers’ checking accounts. Preference to donate the money to charity will be captured at the time of account opening. If no preference is designated at the time of account opening, the bonus will default as a credit to the customer’s account.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Essential Checking $100 Bonus

This account has no monthly service fee to worry about.

Access Checking $150 Bonus

This account has a monthly service fee ($20), this is waived if you do any of the following:

• maintain a minimum balance of $5,000
• combined deposit balances of $25,000, or
• combined deposit and loan balances of $50,000. Loan balances include consumer and mortgage loans.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee.

Our Verdict

Last year they had the same bonuses/requirements but the actual bonuses were $150/$250. These offers are significantly worse, because of that we won’t be adding this to our best bank bonus page.

Hat tip to reader Pudding

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