Deal has expired, view the best current checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $100
- Availability: In branch only, all branches are in LA. [Branch locator]
- Direct deposit required: Recurring monthly direct deposits of $500 or more
- Additional requirements: 10 debit card transactions
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Bonus forfeit, six months
- Household limit: None listed
- Expiration date: February 28th, 2019
Contents [hide]
The Offer
- GNO Federal Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements for the first 90 days:
- Have recurring monthly direct deposits totaling $500 or more
- Have 10 monthly debit card purchases
The Fine Print
- To receive $100 bonus, simply open a new GNO FCU Personal Checking Account and receive recurring monthly direct deposits totaling $500 or more in ACH deposits of payroll, pension or government benefit, along with 10 monthly debit card purchases for a period of 90 days. Account must have no NSF, Overdraft or Courtesy Pay fees within 90 day period.
- Bonus will be deposited within 45 business days of completing requirements.
- Bonus will be reported on IRS Form 1099-INT.
- If checking account is closed within six (6) months, bonus will be deducted from account.
- Not available to existing GNO FCU checking account holders or those whose accounts have been closed with a negative balance 90 days prior to Feb 1, 2019.
- Checking accounts subject to approval.
- New members: subject to membership eligibility and an initial deposit of $10 into a primary savings account.
- Account holder must be 18 years of age or older at time of account opening to receive the $100. Offer valid Feb.1-28, 2019.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
If the account is closed within six months the bonus is forfeit
Our Verdict
Relatively small bonus that we don’t know anything about, if anybody goes for it then please let us know if it’s a hard or soft pull in the comments below. For now we definitely won’t be adding it to the best bank bonus page.
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
This is not a bad CU from what I know but there are a lot of hoops here. Passing. Thanks DoC!!