[Expired] [MN, WI, TN, TX] Altra Federal Credit Union $250 Checking Bonus

Update 1/21/24: $150 bonus extended until May 31, 2024. 

Update 1/9/24: New bonus is $250 at this link. Promo code is CHK_NEW_$250A+DD. 

Update 11/11/23: Bonus is back but only in branch. [Branch locations]. Direct deposit is required this time ($150 or $250 depending on the account).

Offer at a glance

• Maximum bonus amount: $150
• Availability: Says Rochester Public School District, but previously these offers have worked in MN, WI, TN, TX
• Direct deposit required: No
• Additional requirements: Promo code + 10 debit card purchases
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $15, 90 days
• Household limit: None
• Expiration date: December 31, 2021

The Offer

Direct link to offer

• Altra Bank is offering a bonus of $150 when you open a new A+ checking or A+ Platinum account and complete the following requirements:
  • Use promo code RPSD_A+150
  • Make 10 debit card transactions within 30 days of account opening

The Fine Print

• $150 cash bonus available for new Altra members who open a new Altra membership and an A+ Platinum or A+ Checking account in person or online;
• Offer void for current Altra members or if Altra membership has been closed within the last 30 days.
• To receive offer, initial minimum ten (10) Altra debit card transactions must be posted within thirty (30) days of account opening. ATM transactions do not qualify; Only debit card transactions processed by merchants and received by Altra as Point of Sale (POS) transactions count towards qualifying debit card transactions. $150 will be deposited into new checking account within 30 business days of initial ten (10) debit card transactions posted. One A+ Checking or A+ Platinum account per member; one offer per member; personal accounts only; not available to Guardianship, Rep Payee, or UTMA accounts.
• Offer valid for members age 16 and older.
• A parent must co-sign if under age 18.
• For tax purposes, cash bonus may be reported as dividends.
• Membership eligibility required.
• Limited time offer. Cannot be combined with any other checking bonus.
• Contact Altra for complete details.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

A+ checking account has no monthly fees to worry about.

Early Account Termination Fee

There is a $15 fee if closed within 90 days of account opening.

Our Verdict

Pretty good bonus, main issue is knowing if you’re actually eligible or not. In the past there was a $190 bonus and up to $700. This bonus is nice and easy though with no direct deposit required, although there is a hard pull.

Hat tip to Ashley R

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