Offer at a glance
- Maximum bonus amount:Â $500
- Availability:Â If you live or work in our geographic reach, we want YOU with us. Geographic Reach: Sacramento, Placer, El Dorado, Yolo, San Joaquin, Contra Costa, Solano, Yuba, Sutter, Butte, Nevada, Alameda, and Amador Counties.
- Direct deposit required:Â Yes, $1,000+
- Additional requirements:Â See below
- Hard/soft pull:Â Hard pull (report of soft pull)
- ChexSystems:Â Unknown, sensitive
- Credit card funding: Up to $250
- Monthly fees:Â $5, avoidable
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date: None
Contents
The Offer
- Safe Credit Union is offering a bonus of $500 when you open a new Perfect Cents Checking and complete the following requirements within 60 days:
- enroll in eStatements
- receive $1,000+ in direct deposits
- complete 30 debit card purchase transactions.
- Open a Level Up Money Market account and earn $50. Within 30 days of account opening, have a minimum of $5,000 in your account.
The Fine Print
- You can’t have a current or recently closed (past 12 months) SAFE checking account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
To avoid the $5 monthly service fee, you must be enrolled in eStatements and you must have a minimum of 10 or more debit (and/or credit) card purchase transactions post each month or direct deposits totaling $500 or more per month.
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
Better than the $400 bonus that was previously offered. Hopefully it’s a soft pull now but even if it’s a hard pull I think it’s worth doing and will add it to the best bank bonuses.
Hat tip to reader Ryan H
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
