Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability:Â Select counties in NY
- Direct deposit required:Â Yes, $250+
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â UnknownÂ
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- Sunmark credit union is offering a bonus of $250 when you open a new checking account and complete the following requirements:
- Receive a direct deposit of $250+ within 60 days of account opening
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Simple checking has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there any EATF.
Our Verdict
Need to know more about this bonus, but might be good for some readers.
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
Just an FYI, there apparently IS a minimum required for the Simple Checking. $0.01 If you empty the account to zero, you get zinged a $30 fee
Received bonus $250 as “divident adjustment” on 2/29/24 (met requirements on 1/18/24). Will keep $50 in account until July when I can close it (I with DoC would correctly update the site for this since folks pointed out the offer clearly stated 180 days the account had to be open).
Got a call a few hours after applying, I do work around the area (I’m a delivery driver) but because the company itself isn’t based on their footsteps the guys manager said I didn’t qualify, boomer… need another way to spend a few bucks on my cc hehe, other than gift cards, already bought quite a few.
Funded with CitiBusiness AAdvantage card. Coded as purchase, just an FYI.
DD (real DD) of $288.49 hit on 1/18/24. Now we wait.
I applied with a $2500 credit card funding and I was requested to visit a branch. The branch visit was smooth and the $2500 processed as a purchase.
Site looks to take $2500 in CC Funding. I backed out and will try down the road, thought it wouldn’t be as high.
Any more DPs on this? I qualify for membership but am not close to a branch so if they’re telling everyone they need to go to a branch I won’t bother applying.
I applied for membership and a checking account in 2020 and it was all completed online, DL and utiity bill upload, later a phone call from the CU to complete a docusign online.
Fine print has this… i assume they mean if closed within 6 months
“Offer will be deducted if account is no longer open after six months.”
I applied and received the following response:
You recently applied to open an account with us. Unfortunately, this online application will need to be completed in a branch location.
I’m in Westchester, about a half hour drive from their Mohegan Lake branch.
They pulled Chex about an hour before they called.
Applied. I live in northern West. No promo code offered for this acct, yet it asked for a promo code near end of application. Took my Citi Double Cash funding for 20.01 for simple checking, and 1 cent for the req. savings. Also asked for a scan of DL. So, I sent it and got response “resolution too low”. Never a problem before with same scan. I’m not changing my computer settings. It let me pass by that part of app with no other questions about scan. Finished app and got message : “A rep will call you within 1 business day”. UGH!!! And hope Citi puts through the charge as a purchase!
I just wrote in for promo code: “$250 CASH BONUS”.
Tried depositing $2,000 from cc to get up spend because they mention
a limit of $2500 from credit card. Let’s see if it goes through. Also got the
“you will be contacted by customer service…” Also in Westchester and will use work DD