Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â In branch only, branches are in IA only
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â Unknown
Contents
The Offer
- Green State Credit Union is offering a $100 checking bonus when you open a new checking account and complete the following requirements:
- 12 transactions per month which can include debit card transactions, ACH transfers, ATM deposits or withdrawals, check deposits or withdrawals
The Fine Print
- Open a new active checking account and receive $100. $100 bonus will be directly deposited once it is determined that the account is active and in good standing.
- Account must become active in the first 6 months after opening to qualify.
- Bonus will be paid on the 1st of the following month after qualifications are met.
- Active is defined as a minimum of 12 transactions per month which can include debit card transactions, ACH transfers, ATM deposits or withdrawals, check deposits or withdrawals. Offer is void if member already has an existing GreenState checking account or one was open within the last 6 months. Must be 18 or older to qualify. Limited time offer. No minimum balance required. Bonus cannot be combined with other promotional offers. Offer is for one checking account per individual.
- 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 requirements.
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
Another bonus where the requirements are easy to meet but unfortunately it’s in branch.
Hat tip to reader Bockrr
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
Thanks either way!
During August & September 2024, a referral bonus is available: 100 USD for referrer, 100 USD for referree. Need to make 12 transactions (debit card, ATM, ACH, cheques, any size) per month until the bonus is deposited. Seems like a pretty easy low-energy bonus.
https://www.greenstate.org/referafriend/referred.html
(I’m mostly posting this because I want to share my referral, but obviously I can’t in this thread.)
Don’t think it stacks so probably won’t allow sharing
I got a mailer this week stating that the offer is back, this time for $200. Same requirement, 12 transactions in 1 month, which can include debit purchases. Must open by 10/31/2023.
It doesn’t say it’s targeted, but I can’t find it on their site either, so YMMV.
Expired
Looks like this one may have expired – all I see is an account with a 5% intro rate on a rewards checking account.
Word to the wise: If I’m reading the fee schedule right, there is a $35 fee for a savings account dormant 6 months or more, and a $7 fee for every month a checking account is dormant 6 months or more. There is also a $25 fee for closing a checking account within 6 months. So you would need to move some money in or out of each account within 6 months of opening.
https://www.greenstate.org/content/docs/2023_Annual-Fee-Disclosure.pdf
Fee schedule shows there is a fee for closing the account within 6 months, and a fee for inactive account for over 6 months: https://www.greenstate.org/content/docs/2023_Annual-Fee-Disclosure.pdf
Chatted w/ rep because bonus should have posted yesterday. She said the promo code isn’t shown on my account, and she will add it. Normally I would not pester them so soon, but the fine print was very clear that the bonus would post on the first of the month, so I wanted to be sure I didn’t miss something.
Rep true to her word, $100 bonus posted today.
I believe membership to the ACC allows membership for those not in the IA or IL region.
where do you see ACC eligibility?
Any confirmation on ACC (American Consumer Council) members being eligible?
The landing page for the direct link to offer shows you can apply online. If you decide to apply in branch, be advised that when I googled their Book Road address in Naperville IL, it showed a picture of Oxford Bank. The date on the image is 2018, but I would suggest not driving too far to a given branch without confirming that it’s open. Just sayin’.
Made it through the online app, final screen said:
“Your application has been successfully submitted. Below is a summary of products that have been successfully opened or are pending review by our staff. Please check your email inbox for next steps and save the following information for your records.”
Email mentions only the savings account, so not sure if checking approved, although they gave me an account number. Stay tuned…
They bought Oxford out and it is still there (live in the area)