Deal has ended, view more bank account bonuses by clicking here.
Update 7/22/21: $400 bonus is back. Hat tip to Beto O’Rourke
Offer at a glance
- Maximum bonus amount: $400
- Availability: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: Yes, $300 or $1,000+
- Additional requirements: 30 debit card transactions
- Hard/soft pull: Hard pull (report of soft pull)
- ChexSystems: Unknown, sensitive
- Credit card funding: Up to $250
- Monthly fees: $5-$8 avoidable
- Early account termination fee: None listed
- Household limit: None listed
- Expiration date:
December 31st, 2020December 31st, 2021
Contents
The Offer
- Safe Credit Union is offering a bonus of $250 or $400 when you open a new checking account using promo code GET400.
- Get $250
- Make 30 qualifying purchases with your new SAFE Visa® Debit Card in the first 90 days and earn $150.
- Make three consecutive direct deposits of $300 or more in the first 120 days and get rewarded with an additional $100!
- Get $400
- Make 30 qualifying purchases with your new SAFE Visa® Debit Card in the first 90 days and earn $150.
- Make three consecutive direct deposits of $1,000 or more in the first 120 days and get rewarded with an additional $250!
- Get $250
The Fine Print
- $150 is posted to SAFE savings account on the last day of the month following 90 days from account opening of a new Perfect Cents Checking® or Prestige Checking and upon confirmation of 30 debit and/or credit card purchase transactions.
- $150 bonus is reported as dividends on IRS Form 1099-INT.
- Account receiving bonus must be open and in good standing. No minimum balance required to receive bonus.
- $100 is posted to SAFE savings account on the last day of the month following 120 days from account opening of a new Perfect Cents Checking® or Prestige Checking and upon confirmation of three consecutive direct deposits of $300 each or more. $100 bonus is reported as dividends on IRS Form 1099-INT. Account receiving bonus must be open and in good standing. No minimum balance required to receive bonus.
- $250 is posted to SAFE savings account on the last day of the month following 120 days from account opening of a new Perfect Cents Checking® or Prestige Checking and upon confirmation of three consecutive direct deposits of $1,000 each or more. $250 bonus is reported as dividends on IRS Form 1099-INT. Account receiving bonus must be open and in good standing. No minimum balance required to receive bonus.
- Offers cannot be combined.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- Perfect Cents Checking®: $5 monthly fee is waived with eStatements and either 10 or more debit and/or credit card purchase transactions clearing same membership account per month or direct deposits totaling $500 or more per month. Also waived for members less than 21 years of age.
- Prestige Checking: $8 monthly fee is waived with minimum daily balance of $1,000 or more or combined deposit and loan balance of $5,000 or more.
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
Probably not worth considering due to the hard pull, although the requirements are fairly easy to meet and it’s a relatively high bank bonus. Hard pulls are less of an issue with more and more credit card issuers making it difficult to get approved for credit cards anyway.
Hat tip to reader ZT
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- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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- 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
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looking for referral at ost0023 gmail
within 60 days with two direct deposits totaling $500
OR more and 10 debit card purchases.
https://share.safecu.org/athuythai
Hi, please send referral to [email protected], thanks
$100 Referral
https://share.safecu.org/dmc916!b58156601d!a
How long does it take for the bonuses to post?
I completed 30 amazon gc reload debit purchases on 9/15. No $150 bonus yet.
I completed 3 $1k DD through Discover on 10/1. No $250 bonus yet.
from the terms:
$150 is posted to SAFE savings account on the last day of the month following 90 days from account opening
$250 is posted to SAFE savings account on the last day of the month following 120 days from account opening
William Charles This looks to have expired on 09/30/2021.
Hi! I am in San Francisco area. Any One tried signing up for this bank from SFO?
Doesn’t work, I tried.
The landing page is no longer showing the Prestige checking as eligible, only the Perfect Cents checking. I opened the Prestige Checking back in July, anyone has an image of what the terms were at the time by chance?
There is $250 of CC funding
Citi Rewards+ coded as purchase. No hard pull.
Denied due to Chex. No HP