Deal has ended, view more bank account bonuses by clicking here.
Update 4/4/22: Deal has been extended until June 30, 2022.Â
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Who live, regularly work, currently attend school, or currently worship in Los Angeles County, California, as well as eligible businesses and/or other legal entities in Los Angeles County, California
- Direct deposit required:Â None
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees:Â None
- Early account termination fee:Â None listed
- Household limit:Â None
- Expiration date:Â March 31, 2022
Contents
The Offer
- First Entertainment Credit Union is offering a $100 bonus when you complete the following requirements:
- Use promo code NEWMEMBER
- Open a First500 Savings Account  or a First500 Youth Savings Account
- Open a Value Checking Account, Advantage Checking, or Teen Checking Account
The Fine Print
- Eligibility requirements apply and must be met by the 90th day of account opening to qualify for the $100 bonus.
- Offer available to new members joining First Entertainment Credit Union between December 6, 2021, and March 31, 2022, using promo code NEWMEMBER.
- A new member is defined as having no previous relationship with First Entertainment Credit Union.
- Must open either a First Entertainment Credit Union Value, Advantage Checking Account, or Teen Checking Account with at least $1.00 or more.
- The checking account must remain open for a minimum of three (3) months. The bonus will be credited to your checking account within thirty (30) days following the satisfaction of the requirements. Offer does not apply to second or multiple checking accounts and/or existing members with checking accounts.
- Eligibility requirements apply and must be met by the 90th day of account opening to qualify for the $50 bonus using promo code NEWMEMBER.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
First500 savings & value checking account has no monthly fee 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
Very easy deal to complete the requirements for. If anybody knows it’s a soft pull then please share in the comments below.
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
Become a member and use promo code NEWMEMBER2023 to earn up to $600, available until December 31, 2023
Get a $300 Bonus
When you open a Checking Account and complete $1,000 in debit card purchases within 90 days and enroll in eStatements.
Get Another $300 Bonus
When you open a Credit Card, Personal Loan or Auto Loan6 that is funded within 90 days of becoming a member of First Entertainment.
When I called was told they do a hard pull from Experian as well as pull Chex. The debit card purchases can be either signature or PIN transactions.
You’re eligible to join if:
You live, regularly work, currently attend school, worship, or run a business in Los Angeles County, California.
You’re an employee or retiree of one of the companies served by First Entertainment Credit Union.
You have an eligible immediate family member.
https://www.firstent.org/companies-we-serve/local-695/
Found out, after applying for this and the application going into review, that the promo bonus is only available for members of local 695 even though on the application it lists one of the qualifications is living in Los Angeles County (that would allow me to become a member of the credit union but not be eligible for the bonus).
Oh well, a wasted Checksystems pull.
From who/how did you find out that only members of local 695 would be eligible? Did a representative of the credit union inform you of that?
Per the fine print in the direct link (but not the main body, yet) this offer is extended until June 30, 2022.
Tried to apply. Requires a hard pull but will use that pull for 90 days for credit and loan applications
There is also a $50 bonus offer for signing up for one of their credit cards, auto loans, or personal loans; click on the “Direct link to offer” that Doctor of Credit provided in this post and scroll down to:
“Grab Another $50
Simply open a Credit Card, Personal Loan, or Auto Loan that is funded within 90 days of joining.”
There is a “7” footnote that states “Rate and term are dependent on the loan amount. Rates and terms are subject to change without notice. All loans are subject to credit approval. Offer subject to change.”
I applied for a credit card after opening the First500 Savings Account and Value Checking Account but was denied. I spoke with a customer service representative but she refused to tell me why it was denied, only telling me that it was denied by the underwriter and their supervisor (two (2) layers) and to wait for the denial letter to arrive in the mail. After asking her for a phone number to call to appeal, she said to wait for the letter. Maybe it was because I had too many hard pulls recently as I was seeking house mortgage pre-approvals.
CC funding is max 500
Any DPs on neighboring counties to LA county being able to open this account?
Is this for actors?
obligatory in CA but OOF dps?
Looks like it is required to open a first savings account (not optional) which requires billpay or DD. Then its option to add the checking account.
what happens if I dont keep up with the billpay or DD?
I believe those are the conditions for getting 1.00% APY on the first $500 in the account, not for having the account at all.
Anyone try this one out yet? I would be the guinea pig but I REALLY can’t afford HP right now!