[IN, Lake & Porter County] Purdue Federal Credit Union $400 Checking Bonus

Update 4/13/25: Deal is back, same link. Valid until 12/31/25. Hat tip to Chip

Update 3/17/24: Deal is back and now a $400 bonus. Offer expires December 31, 2024

Update 12/28/22: Bonus is and now for $250 instead of $150.

Offer at a glance

Maximum bonus amount: $150
Availability: Must be a Lake or Porter County resident
Direct deposit required: Yes, but fine print says ACH will work
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Up to $250
Monthly fees: None
Early account termination fee: Bonus forfeit if account is closed within six months
Household limit: None
Expiration date: December 31st, 2020

Contents

The Offer

Purdue Federal Credit Union is offering a checking bonus of $250 when you complete the following requirements:
- Enroll in paperless statements.
- Sign up and use direct deposit of $4,000+

$150 bonus offer valid March 1-December 31, 2020 for accounts opened at the Crown Point branch or online with a Lake or Porter County zip code.
To qualify for bonus, account holder must open a new checking account with direct deposit, have a debit card on the account, be enrolled in paperless statements, and make 10 member-initiated transactions. Direct Deposit is defined as an aggregate of $500 or more in ACH deposits each month for two months within 90 days of account opening.
Bonus will be deposited into primary share savings account within 10 business days after all conditions have been met.
Social Security Number required for account holder to receive bonus.
Bonus is considered interest and will be reported on IRS Form 1099-INT.
Business accounts not eligible to receive bonus offer.
If the account is closed within 6 months of account opening, the $150 bonus will be deducted from the account at closing. Membership eligibility required.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them