Deal has expired, view more US Alliance Financial deals by clicking here.
Deal is back for 2018. Valid until December 31st, 2018.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Apparently nationwide according to the comments
- Direct deposit required:Â Yes, $250+
- Additional requirements:Â Call them
- Hard/soft pull:Â Soft pull
- ChexSystems: Unknown
- Credit card funding:Â Yes, up to $100
- Monthly fees:Â None
- Early account termination fee:Â $25, six months
- Household limit:Â None mentioned
- Expiration date:Â
Valid until July 10th, 2017 November 30th, 2018December 31st, 2018
The Offer
- US Alliance Financial are offering a bonus of $100 when you open a new MyLife Checking account and complete the following requirements:
- Use promo code HOLIDAYCHK18
- Set up a recurring direct deposit of $250 or more within 30 days of account opening
The Fine Print
- One offer per unique member number.
- Valid for new MyLife Checking accounts opened from November 1, 2018 through November 30, 2018.
- USALLIANCE members with established MyLife or SMA Checking accounts and employees do not qualify for this promotion.
- Offer subject to change at any time.
- Restrictions and limitations may apply.
- USALLIANCE reserves the right to alter promotion timing and conditions without notice.
- Promotion cannot be combined with other offers, rates or discounts.
- Minimum direct deposit of $250 per month is required to qualify. $100 will be deposited to the member’s MyLife Checking account within 30 days of receipt of first direct deposit.
- Direct deposit must be activated within 60 days of opening to receive funds.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fee to worry about. According to the fee schedule you will be charged $25 if closed within six months of account opening.
Referral Bonus
Update: Multiple phone reps are saying it’s not stackable. Try to stack at your own risk.
Apparently it’s possible to get this $100 bonus as well as a $50 bonus by going through a referral. Share and find referral information here.
Our Verdict
Small bonus and does require a direct deposit. At least there is no monthly fee to worry about. Not a terrible but, but not the absolute best either. That being said I’ll still be adding it to the bottom of our best bank bonus page.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
I received my bonus in January, 2019. Haven’t received a 1099. Anyone else?
I haven’t gotten one either
my bonus posted 12/31 but no 1099, anyone get a 1099 from them?
I Haven’t either.
Referred the National Credit Union Admin. who are impossible to get in touch with. So I would say its going horrible.
Account opened on 12.6.2018
Employer DD $860 on 1.2.2019
No bonus posted yet.
What gives? I did the DD under the 30 days requirement.
I’ll see if they’ll pay by February 1st.
Well, the nice thing about having a real DD is you can “call the bank” and not feel guilty. Looks like the few DP’s we have were mostly at the end of the month. Usually when a bank says 30 days from meet reqs is the payout, you can cut that in half. But, with these guys…. you might be right.
Update: $100 Bonus received on January 25, 2019.
Well, the good news is you got yours. I got nothing. Real DD will be hitting Friday, way past terms, and then I am going to wait a month and see if it pays out without asking.
Do you have the terms from this promotion?? I have been operating on 60 days to get DD deposit as is posted by DoC in the article. Apparently this is incorrect though? They are denying my bonus even with a legit DD because it’s past 30 days but I’d be hard pressed to get it under 30 days even if I tried because with legit DD it takes time.
Yes, I do, but it’s not good news.
https://www.scribd.com/document/400620573/Usalliance-Financial
(never used scribd before, but you shouldn’t have to sign-up – just close pop-up)
Previous promos were 60 days for first DD, but this December promo they changed it to 30 days. Nobody here caught that until December 15th, and DoC promptly updated. Well played USAlliance – you win. I haven’t bothered to call them – was planning on waiting a full month from DD posting, which is soon. I have an excuse, but I am sure they will say that was not their fault.
Now we are stuck with this crappy Credit Union for another 4 months, no bonus, and if we don’t use the account at least every 90 days in some form, we get charged an inactivity fee.
This should be a reminder that not every deal is a good deal, and we all shouldn’t just rely on DoC spoon feeding us. We went in expecting $100 bonus, $50 for being referred, and hoping for several referrals. Instead, just wasted time and money. Originally I felt bad for the people they had pressured out of continuing the application…. now I am just jealous.
Serenity now. Win some lose some I guess. Thanks for providing this information.
Plead my case. Denied. Marking my calendar to close June 6th.
This may very well be the ONLY bank bonus in 2 years that I ended up opening and not getting bonus. Trash bank, rude reps. I’ll leave a dollar in it for a year to cost them since it’s fee free.
Fee schedule: Inactive Account Tracking $5.00 per month LOL
I assume that would be after 12 months… but it doesn’t say.
Maybe the revenge would be call once a day/week to ask a stupid question. How do I use my debit card? When is my statement end date? Can I deposit money orders? What are the hours at the Main St. Branch. etc etc
I was checking this page…. to find some new DP’s…. silly me. Only the five people who used real DD in a 30 day turnover.
Funny. Hahaha. I would say something mean…. But I suck at comebacks.
Is an employer DD the only way to trigger the bonus for this?
Chase posted 01/03/19. No bonus. 01/06/19 is my 30 day mark, conveniently a Sunday. My real DD won’t hit until 2/1, which is beyond the 30 day BS limit. I am going to wait it out and complain if they don’t payout after that. Most banks would understand that switching a DD in the middle of the holiday season might take more than 30 days, but I have no expectations of success.
12/11 opened
12/28 employer DD
12/31 $100 bonus
12/12: opened
12/13: employer DD
12/31: $100 bonus
12/07: Account opened
12/19: employer DD
12/31: $100 bonus
* Account opened: 12/12/2018
* Legit Employer DD: 12/27/2018
* Bonus posted: 12/28/2018