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Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Fulton branch only, 208 North Second St., Fulton
- Direct deposit required:Â Yes, no minimum mentioned
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â Valid September 14th – October 16th
Contents
The Offer
- Compass Federal Credit Union is offering a bonus of $100 when you open a new checking account and receive a direct deposit
The Fine Print
- Offer not available to existing Compass Credit Union checking customers, or those who have had accounts closed in the last 90 days (or with a negative balance).
- You can receive only one new checking opening related bonus per calendar year and only one bonus per account.
- Bonuses are considered interest and will be reported on IRS Form 1099-INT.
- Direct Deposit must be paycheck, pension or government benefits (such as social security) from your employer or the government.
- Direct deposit must be received within 60 days of account opening.
- Must open account in branch.
- Bonuses will appear within 10 business days of meeting the requirements.
- $100 cash bonus limited to first 30 applicants.)
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Checking account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Small bonus with a direct deposit requirement, you should be able to ask them if it’s a hard or soft pull before signing up though.
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- 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
