Offer at a glance
- Maximum bonus amount: $100 checking & $50 savings bonus
- Availability: IN, In Branch only.
- Direct deposit required: Yes, no minimum but must be done for six months
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- US #1364 Federal Credit Union is offering a $50 savings bonus and $100 checking account. You need to receive direct deposits in each account for six months to receive bonus.
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer free checking &s avings accounts with no monthly fees.
Early Account Termination Fee
I wasn’t able to find a fee schedule, so not sure if there is an early account termination fee.
Our Verdict
Probably not worth doing as a direct deposit is required for six months for each account. If they aren’t strict it might be worth it but we don’t know if it’s a hard or soft pull to open.
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