[NY, PA] Heritage Financial Credit Union $300 Checking Bonus, Direct Deposit Not Required

Offer at a glance

• Maximum bonus amount: $300
• Availability: Anyone who lives, works, worships, volunteers, or goes to school in Orange, Ulster, Dutchess, or Rockland, Pike, Sullivan, and Sussex Counties qualifies for membership
• Direct deposit required: Yes, but any external deposit will work
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $10, avoidable
• Early account termination fee:$25 6-months
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Heritage Financial Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:
  • Set up external deposits to your Heritage Direct Checking account that total $1,000 or more over 90 days
  • Receive $300 in your account in the fourth statement cycle following account opening

The Fine Print

• Eligible for the Bonus Offer. An existing member with an HFCU checking account may switch their checking account over to this new product, however, they will not receive the $300 bonus. They will receive the additional benefits listed for the Heritage Direct Checking account.
• To receive a one-time $300.00 bonus (“Bonus”) a member must: open a Heritage Direct Checking and within 90 days of account opening, enroll in e-statements and have 2 (two) or more new qualifying external electronic deposits totaling $1,000.00 or more (transfers from one account to another, wires, mobile deposits, P2P or deposits made at a branch or ATM are not considered a qualifying electronic deposit.)
• The Bonus will be credited to the account in the 4th statement cycle from the account opening, as long as the account is open, active and in good standing.
• Appropriate tax reporting will occur, please consult your tax advisor with questions. Only one bonus will be awarded per primary member, regardless of the number of accounts opened.
• 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 a $10 monthly fee. To avoid the service fee the account must maintain a monthly minimum balance of $500.00 or have 10 (ten) Point of Sale (POS) external transactions per statement cycle and be enrolled in e-statements. Program criteria subject to change without notice. All account applications are subject to approval.

Early Account Termination Fee

$25 EATF if closed within 6-month

Our Verdict

Seems like an easy bonus for $300, especially if it turns out to be a soft pull. Share your experiences in the comments below.

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