Offer at a glance
- Maximum bonus amount:Â $400
- Availability:Â NC, SC, VA, TN, GA. TN & GA require a membership with the American Consumer Council
- Direct deposit required:Â Yes, two direct deposits of $500+ each within 60 days of account openingÂ
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems:Â Unknown, sensitive
- Credit card funding:Â Up to $2,500
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date: November 30, 2022.
Contents
The Offer
- Truliant Federal Credit Union is offering a $400 checking bonus when you do the following:
- Make two qualifying direct deposits of at least $500 each within the first 75 days of opening the account.
- Use your Truliant debit card for 10 purchases within 60 days of receiving the card
The Fine Print
- You must set up and receive at least two qualifying direct deposits of $500 of more each to your checking account within 75 days of opening the account to receive the 400-point certificate, which is redeemable for a free gift card. A qualifying direct deposit is a recurring electronic direct deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or government. Person-to-person and transfers between your TFCU accounts or accounts you have at other financial institutions or brokerages do not qualify. Payments received for goods sold do not qualify. After you satisfy all of the requirements, you will receive an email notification for your reward redemption within 60 days. The checking account must be open and in good standing (reflect a positive balance) when notified of reward redemption. Third-party gift cards name/brands are the trademarks and or registered trademarks of their respective owners. One bonus offer per member, offer is non-transferable, cannot be combined with any other offer, valid email address required, and is void after November 30, 2022.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry
Early Account Termination Fee
According to this fee schedule there is no early account termination fee.
Our Verdict
This is much better than the $250 giftcard bonus that was previously offered. Probably worth it even if it’s a hard pull especially with the credit card funding. We will add this to our list of the best bank account bonuses.
Hat tip to reader BankDeal
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Any one received 1099-INT from this bank?
My account got closed for inactivity, but I called in this morning and when checking my account info the representative said it didn’t seem a 1099 had been produced for the gift card I received last February.
I didn’t receive it.
P1 and P2 did not get forms. Their website said their online issuer of their tax forms was down at one point, but I still cannot see anything and that issue appears to have been fixed.
It’s a little strange since I think I remember their signup terms saying we would be given a form.
Might be worth it to wait and see if there will be another sign up bonus, but easy money to someone who wants it now. Also, no limit on number of referrals you can make and you get $25 a pop too. Yes to Chex, soft pull.
The other nice thing Truliant does is that after every month where you don’t use your debit card, they offer you a $10-$15 Amazon gift card with 5-10 purchases the next month. P1 and P2 do small Amazon gift card reloads, so that’s a nice way to get any extra $60-75 a year per person.
Difficult to get this offer if they didn’t give you the bonus automatically.
P1 and P2 both opened accounts last year and met qualifications. Because they have a certain number of days in the offer language, P2 was due for the bonus by January and P1 was due for bonus by March 2023. P2 called in February and easily received the bonus in a few days.
P1 was much more complicated. Called a couple months after I should have received it and was told I met the bonus and I would get it in a few days just like P2; however, I never got it. I called again several weeks later and was told this time I did not meet the bonus because it was targeted. Once I was told this, I was able to submit screenshots showing there was no language for any sort of targeted campaign. I was still told I didn’t meet it (which was obviously false) so I had to spend over an hour on the phone talking to the supervisor and the supervisor’s supervisor until they said they would contact marketing. I was called back a week later and told they would honor it; however, about 2 weeks past that still nothing had happened. I had to call again and get to the same people to get my offer. I received it later that day. I would not have been able to get the offer without taking timestamped screenshots of my entire application and getting names and direct phone numbers of people I spoke to. Everyone was nice, but it took a long time and a lot of effort to get what was advertised.
Did anyone have an issue getting Truliant to honor the bonus offer? When I reached out today, they indicated that I did not qualify for the promotion since it was a direct mail campaign to a very targeted audience.
I’m in the same boat after speaking with a CSR this morning. She stated the bonus offer was by mail only targeted at some Truliant members (not for new applicants). I completed the bonus requirements in late December and never received an email for the certificate.
Same shit happened to me. I told them to fuck off, and Im closing my account.
same here. I’m gonna try BBB, CFPB, and NCUA .
Any luck?
No luck for me too. What to do next?
Darn! I completed requirements in late January, so should have received email late March, and have been waiting to inquire. I’ll inquire soon. Others, recommendations for who to complain to if they don’t honor the offer, and any success with that effort? (Unfortunately I don’t know where my screenshots of the original offer are.)
I inquired. The person I called had to connect me to their external service, who then looked into things with their contact, and then emailed me to tell me it was no good due to the targeted promotion only. When I wrote back and showed evidence I found of what their offer was (no exclusions were written into it), they relented and said they’d grant the bonus. Then it was 5-6 days to get the email with offer codes for gift cards. My suggestion to others: stay polite but don’t give up.
Yes, I spoke with a person named Tatiana at Truliant. After Tatiana checked with her marketing manager, she informed me that this was a “direct mail only campaign” and that my account would not be eligible for the bonus. I asked to be transferred to a manager. I was told the same thing. So I raised hell and she said the would check with marketing and get back to me. I threatened to refer them to the Federal Trade Commission for deceptive advertising and marketing. Hopefully we’ll get them to change their position. This is blatant misrepresentation.
P2 received bonus via email after calling Truliant. P1 will be calling within the next month.
Received the $400 by email today. Redeemed it for Amazon and Target egift cards. Simple and easy process.
Truliant itself does not give you the reward, they’re provided from some external vendor. When I called Truliant yesterday to ask about the reward they transferred my to the company that handles the rewards who told me that Truliant had not sent them any information about the account. The CSR said they would send a note to their supervisor about my account. I got a voicemail today saying that they contacted Truliant and I would receive my reward by the end of next week. Will update if/when I get it.
Yeah it ended up coming in about a week about I talked to the people who run the gift card service.
Do we need to redeem rewards point to gift card before closing the account? I received the 400 rewards point which can be coverted to gift cards (amazon/walmart/target but unfortunately no Visa/Mastercard / Costco).
Expired
I can’t get through the voice prompts to even talk to someone. Anyone have pro tips on how to contact them?