[Expired] Kinecta $250 Checking Bonus

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

Offer at a glance

• Maximum bonus amount: $250
• Availability: Possibly nationwide:
  • Have an immediate family member who is a Kinecta member, or
  • Share a household with someone who is a Kinecta member, or
  • Work at, attend school at, or are a retiree of any of our Select Employer Group organizations, or
  • Are a member of one of our Associational Group organizations, or
  • Live, work or attend school in select zip codes in California, Texas, Florida, Illinois, and New York (Not all zip codes apply.)
  • If you don’t qualify in these ways, you can qualify by joining Innovision Society for a one-time $10 fee, which Kinecta will cover.
• Direct deposit required: Yes, $500+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: Avoidable
• Early account termination fee: None
• Household limit: None listed
• Expiration date: None

The Offer

Direct link to offer

• Kinecta is offering a $250 bonus when you complete the following requirements:
  • Open a savings share account
  • Open a checking plus share account with monthly direct deposit(s) totaling $500 or more
  • Open a High-Yield Money Market share or IRA Money Market Share, with a combined balance of at least $10,000 and maintain that balance for at least 60 days

The Fine Print

• $250 Trifecta Bundle Bonus (“bonus”) – Once you become a member, you can participate in the Trifecta Bundle if you open a 1) Savings Share, 2) Checking Plus Share with monthly direct deposit(s) totaling $500 or more as defined in our Agreements and Disclosure booklet, and 3) a High-Yield Money Market share or IRA Money Market Share, with a combined balance of at least $10,000. Trifecta Bundle participants must maintain a combined daily balance at all times of $10,000 with Kinecta between your Savings share, Checking Plus share, and High-Yield Money Market or IRA Money Market share, and receive a monthly direct deposit(s) totaling $500 or more into your Checking Plus share within the first 60 days of account opening to obtain the bonus.
• Your bonus will be paid within 30 days of meeting all Trifecta Bundle qualifications described above.
• Bonus may be subject to IRS tax reporting.
• Member may receive a 1099 Form from Kinecta for the bonus.
• Member is solely responsible for the payment of any applicable taxes. Please consult your tax professional. Trifecta Bundle participants will be eligible for a 15-basis point (“.015%”) Annual Percentage Yield increase (“rate bump”) over the Annual Percentage Yield (APY) on Kinecta’s rate sheet and applicable to your new High-Yield Money Market share or IRA Money Market share at the time of opening. To take advantage of the .015% APY rate bump, you must maintain a combined daily balance of $10,000 at all times between your Savings share, Checking Plus share, and High-Yield Money Market share, and receive a monthly direct deposit(s) totaling $500 or more into your Checking Plus share. The rate bump offer can only be applied to one High-Yield Money Market share or IRA Money Market share per membership number and does not apply to Savings Shares and/or Checking Plus Shares. Rates are variable and subject to change, please see our Rate Sheet or an associate for details. $150 MyPerks Credit Card Offer – This offer is not available to current MyPerks Credit Card holders. Trifecta Bundle participants may be eligible to receive a one-time $150 statement credit when you open a new MyPerks Credit Card and make purchases totaling $150 or more within the first 30 days of account opening. Purchases do not include balance transfers, cash advances, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind. After becoming eligible to receive the $150 statement credit, please allow up to 30 days to receive your $150 statement credit. Statement credit is not eligible for transfer or for cash withdrawal. Account must be open and not in default at the time of statement credit (“offer fulfillment”).
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

No monthly service fee in any month if either of the following conditions are met: 1) $2,500 average monthly balance; or 2) direct deposits totaling $500.00 or more.

Early Account Termination Fee

Unsure if there is any early account termination fee or not.

Our Verdict

It’s annoying you need to have the $10,000 in the account for 60 days, but still worth doing as if you had that $10,000 in a 4% APY account you’d only be earning $65. We will add this to our list of the best checking bonuses.

Hat tip to reader Bockrr

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