Deal has ended, view more bank account bonuses by clicking here.
Update 7/20/24: Deal is back and valid until August 31, 2024
Update 8/14/21: Deal is back and valid until September 10, 2021.
Offer at a glance
- Maximum bonus amount: $100
- Availability: Must Trumbull, Mahoning, Columbiana, Portage, Summit, or Central Stark counties all in Ohio
- Direct deposit required: Optional
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $525
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date:
September 30th, 2019September 10, 2021
Contents
The Offer
- 7 17 credit union is offering a bonus of $100 when you open a new checking account and complete the following requiremnets:
- Become a member by making a $5 deposit into a Membership Savings Account
- Open your new checking account with a $25 deposit
- Set up a recurring direct deposit of $200 or more OR make 30 Debit Card point-of-sale transactions within 90 days of account opening
- Sign up for eStatements
The Fine Print
- Qualifications: You must be 18 years of age or older and qualify to open a checking account. This offer is valid on new primary 7 17 checking accounts only (excluding business checking accounts). Requirements to receive the $100 cash bonus: A new primary checking account must be opened between April 1, 2019 and September 30, 2019 with an opening deposit of $25 or more.
- A single, recurring direct deposit of at least $200 per month must be made from payroll, pension or Social Security into your new checking account OR you must make 30 Debit Card point-of-sale transactions, which must be transmitted and posted by close of business within 90 days of account opening.
- You must sign up for online eStatements.
- Important: The $100 cash bonus will be paid into your primary savings account after your new checking account has been opened for a minimum of 90 days and the requirements above have been verified.
- Cash bonuses are considered interest, so you will receive a Form1099-INT from us for tax purposes.
- This is a one-time offer, is non-transferable and is not valid with any other promotion.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer two free checking accounts with no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a full fee schedule so I’m unsure if there is any early account termination fee or not
Our Verdict
Need to know if it’s a hard or soft pull to open, but always nice to see bonuses where there are no direct deposits required. If anybody goes for this bonus then please share your experiences in the comments below.
Hat tip to reader Joe F
Useful posts regarding bank bonuses:
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- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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- 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?
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View Comments (2)
If you're curious about this CU's odd name, this is what I found: 1957 - Fifteen hourly employees at the Packard Electric Division of General Motors formed 7 17 Credit Union with $75.00 in a cigar box locked in a desk drawer of the IUE Local 717 union hall.
Funded with citi DC, max funding is $525. The citi card has been set $0 cash advance.