[NJ & Pa only] Unity Bank $200 Checking Bonus

Update 05/21/18: This bonus is back and valid until July 31st, 2018. Hat tip to reader yoyo

Offer at a glance

• Maximum bonus amount: $200
• Availability: Account must be opened in branch. All branches are in NJ & PA. [Branch locations]
• Direct deposit required: Yes, $250+
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None in branch
• Monthly fees: None
• Early account termination fee: 90 days, bonus forfeit + $30 fee
• Household limit: None listed
• Expiration date: December 31st, 2017 July 31st, 2018

The Offer

Direct link to offer

• Open a new Unity Bank True or Prosperity Checking Account and receive a bonus of $200 when you complete the following requirements:
  • Receive a qualifying direct deposit of $250 within 30 days of account opening

 

The Fine Print

• Offer applicable for new monies only, funds not held at Unity Bank in the past 90 days.
• Offer valid 3/12/18 – 7/31/18.
• Cannot be combined with other offers.
• Checking account must remain open, active and in good standing for 180 days from account opening.
• Limit one bonus per customer.
• Bonus will be deposited automatically into your new checking account within 10 days after the 180 day qualification period.
• A recurring direct deposit of $250 to this account is required within 60 days of account opening to receive offer.
• Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits, (such as social security), from your employer or the government.
• May be IRS reportable.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

The True checking account does not have any monthly fee to worry about. There is an early account termination fee but you do need to keep the account open for at least 90 days otherwise the bonus will be forfeit, they also charge an additional $30 fee.

Our Verdict

They also have a $150 business checking bonus that you could do at the same time. This looks like a relatively easy bonus to complete and there is no monthly fee to worry about. It’s also one of the larger bonuses, because of all that it will be added to our list of the best bank account bonuses.

Big thanks to reader, Josh C who let us know. Learn how to find bonuses and contribute to the site here.

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