Offer at a glance
- Maximum bonus amount: $200
- Availability: Select counties in KY.
- Direct deposit required: Yes, $800+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None with eStatements
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Transcend Credit Union is offering a $200 checking bonus when you complete the following requirements:
- Perform 20 debit card transactions
- Set up direct deposit of $800+
The Fine Print
- New member accounts only.
- One per person limited time offer.
- Valid only on GoGreen, Rate Rewards, Benefits, Classic, Prestige, and Anew checking accounts.
- Not valid with other offers.
- $5 minimum balance required in regular savings account to open and maintain Transcend CU membership in good standing.
- Must perform 20 combined check, ePay, is nature-based debit card transactions and have an aggregate direct deposit of $800 or more in any one month during first 90 days of membership. Bonus will be paid within 90 days of membership opening.
- Bonus will be deposited to Savings account at Savings APY then effective.
- Bonus may be taxable as interest income and reported on IRS Form 1099-INT.
- Consult your tax advisor.
- Interest rates are variable and subject to change.
- Additionally, fees may reduce earnings on account. All terms and conditions subject to change without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
GoGreen has no monthly fees to worry about as long as you opt in for paperless statements.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any early account termination fee or not.
Our Verdict
Seems to be a good deal if it’s a soft pull, feel free to share your experiences in the comments below.
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View Comments (3)
- 2023-01-11 - Applied online for Regular Savings (for CU membership) and Classic Checking. The only checking products available on the online app were Benefits Checking, Classic Checking, and Prestige Checking, not Rate Rewards Checking nor GoGreen Checking.
- 2023-01-12 - Received an e-mail requesting a scan of identification, then a phone call to confirm account selection. The rep wasn't sure if the $200 promo was running, confirmed with their manager that it is, and confirmed the requirements as listed above, but they need to manually assign that promo to my account. On the phone I was also able to switch the checking product to GoGreen Checking, which waives the monthly fee with e-statements rather than with debit activity or minimum balance that Classic Checking does. Signing e-form to open account, but will need to visit branch (there's one relatively convenient to me) to finish funding.
Will follow up with results.
Anyone know if this is a hard pull? I emailed them a few weeks ago to ask but they never responded.
I was excited for a minute, first KY specific bonus I’ve seen. I’m not in any of the listed counties though, unfortunately.
Decided to try an app for a DP though, applied as “worship” at a nearby county. Only funding option listed was “mail a check/deposit in branch”, appears to be soft pull, app went to manual 2 day review.