Deal has ended, view more bank account bonuses by clicking here.
Update 5/31/24: Deal is back until July 31, 2024. Hat tip to smurfit
Offer at a glance
- Maximum bonus amount: $300
- Availability: Must live, work, worship, attend school, or volunteer in, and businesses and other legal entities located in Nassau County, New York or the towns of Babylon, Brookhaven, Huntington, Islip, Riverhead, Smithtown, or Southold, or the Poospatuck Reservation, Suffolk County, New York, or have an immediate family member of current membership.
- Direct deposit required: No
- Additional requirements: Deposit $500+ for three moths
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: December 31, 2023
Contents
The Offer
- Suffolk Credit Union is offering a $300 checking bonus when you open a new checking account. Bonus is broken down as follows:
- $100 per month for the first three months when $500+ is deposited
The Fine Print
- Offer valid for accounts opened October 10–December 31, 2023. Deposit at least $500 in one transaction each month (with money not already on deposit at Suffolk Credit Union) for the first 3 months and earn $100 each month.
- Cannot be combined with Corporate Partner Checking offers.
- Existing memberships without a checking account are eligible.
- Offer not available on existing checking accounts.
- Promotional month is calcualted from the account opening day (Month 1: 1-30 days, Month 2: 31-60 days and Month 3: 61-90 days from account opening date.
- Cash bonus(es) will be reported as income on IRS form 1099-INT.
- 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 to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Looks to be a very easy bonus and nice to see such an easy bonus have such a big sign up bonus. Even if it’s a hard pull I think it’s worth doing and will add it to the best bank bonus page.
Hat tip to Bockrr
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
Received the 2nd $100 on Aug 19!
Successfully opened an account for my wife, who sort of works in their target area. I got rejected because of Chex. I’ve opened fewer than 10 checking accounts in the last 24 months, so I’d call them Chex sensitive.
When you apply online from the computer, does the application ask to upload driver license during the application or after you already submit the application and it goes to pending review?
Does it require taking selfie and photo of driver license from the phone?
opened account on 6/13, have posted 2 $500 deposit since then. Today is 7/16 and still no bonus showing. Per the terms I should get $100 by now for the first deposit/30 days. Anyone else?
I got the first $100 on July 22.
does anyone have a referral link for me?
Please leave your email and I will send you one.
I opened my account over a month ago, and today I get a voicemail saying they are closing it due to my chex report. Wtf?
Acc Opened: 05/31
I made some b.s that i worked in the Nassau County ( i live in the suburbs of NYC, but not on the Island)
June 11: $500+ push from regular Chase Business Checking
July 1: DIVIDEND BONUS Momentum Checking Promo $100 (also got a $50 referral bonus sometime in June as well since i was able to refer P2 so easily)
Ren can i celebrate now, bruh?
Good to know that this $300 checking bonus can be stacked with referral bonus. Did both you and your P2 referee each gets $50?
Can P1 join the CU and on the same day refers P2?
Is there a minimum amount to open? Per referral page, it says referee must open checking with min $100.
Account opened on Jun 18
2 ACH pushes from personal bank accounts of $500 each Jun 20
Still no bonus posted
Would opening the account in branch avoid being rejected due to Chex?
This CU is the absolute worst! I opened checking and savings and made initial deposits. Received a random call today saying they are closing my account because of Chex and sending me a refund via check. I am in their footprint. Screw Suffolk CU! I am LOL/24.
Curious..How long has it been since you opened the account.I opened a few weex ago and have had no issues so far..kinda waiting for the other shoe.Made a Chase biz transfer that shows up as “payroll” so that’s a positive I guess..I am also Chex LOL.🤞🏿🤞🏿🤞🏿
Like 5 days after opening. They are also very close to my house so I am local to them.
Did you open your initial accounts online or at branch? Wonder if financial institutions are more likely to shut down accounts opened online.
Opened Online. Filed complaint with NUCA. Banker called me but just gave me BS and said can’t re-open account. These Long Island credit unions are all horrible. Same like the Teacher’s fiasco.
I opened the account in November last year. Did anyone close the account after receiving the bonus? Just want to make sure there’s not any ETF.
I closed it without issue or ETF
Thanks, Jeremy S