[Expired] [FL only] GTE Financial $100 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $100
• Availability: All locations are in FL, so I assume FL only
• Direct deposit required: Yes, $500+
• Additional requirements: Use promo code
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: $4.95,a voidable
• Early account termination fee:Closed Account Within 180 Days: $25 fee (or balance if <$25)
• Household limit: None listed
• Expiration date: October 31, 2020

The Offer

Direct link to offer

• GTE Financial Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
  • Use promo code CHECK100
  • Receive a direct deposit of $500 or more within 60 days of account opening

The Fine Print

• Promotion active from 9/1/2020 through 10/31/2020.
• In order to receive the incentives listed above, the specified promotional codes must be used in the “Promotional Code” field of the appropriate application.
• In order to qualify for the $100 checking account incentive, the member must not have previously had a checking account with GTE Financial and must set up monthly recurring direct deposits totaling $500 or more from non-GTE accounts within 60 days of opening the account.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Go full access has a $4.95 fee that can be waived by enrolling in eStatements AND making $500 in aggregate deposits per month OR making a combination of 15 monthly debit and/or credit card transactions.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in the fee schedule

Our Verdict

We recently saw a $200 bonus with the same requirements. Given this is a $100 bonus and a hard pull I don’t think this is worth doing and won’t add it to the best bank bonus page.

Hat tip to Gabe C

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