Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â OH only [Branch locator]
- Direct deposit required:Â Yes, but says ACH will work
- Additional requirements:Â 10 debit card transactions
- Hard/soft pull:Â Unknown
- ChexSystems:Â Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â $3.95, waivable
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None
Contents
The Offer
- PSE Credit Union is offering a $400 bonus when you open a new checking account and complete the following requirements:
- set up Direct Deposit/ACH
- Make up 10 debit card transactions
The Fine Print
- In order to receive the $400 bonus, member must open a new Deluxe Checking account , set up Direct Deposit/ACH and perform 10 debit card transactions within the first 60 days of account opening.
- Limited Time Offer is for new credit union members only.
- 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 $3.95 monthly fee ($4.95 monthly fee with paper statements). No way to avoid the monthly fee.
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Previously this was only $100, now that it is $400 it’s definitely worth doing. We will add this to our list of the best bank account bonuses.
Hat tip to Jeremy
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
Hard check. Don’t open.
Hard credit check?
Yes
I used the link kindly shared by ck9 in this thread, so I don’t know if this applies to their whole site…. but wow, website from HELL:
Check “yes” for US citizenship, and the app will bounce, demanding an answer to “If not a US citizen, how long are you planning to live here?”
Check “self-employed” and it will still demand an answer to “if retired.”
It asks for details on usage of a credit card which it identifies by “last four digits.” But they are not the last four digits! They are not digits 13-16 of the account number, but digits 9-12, i.e., the third of the four 4-digit blocks comprising the account number..
And of course the password must meet requirements which are not specified on the page; you won’t know until the app bounces yet again. But this seems to be standard everywhere.
I had to “stop and save” — I forget why — so there might be more in store further along.
It does offer a choice among 3-4 account types, some having no fee. I’m not sure it’s the page that offers the bonus though.
And when is paday? This description doesn’t say.
Oh good, they pulled a hard credit history with no warning. I had not asked for any overdraft protection etc. to warrant it. Thus far, super impressed already
Getting better and better! They need a photo of my license, which they didn’t bother to tell me at the start. So I had to “Save my progress and continue later.” So I took pics of my license, went back to the “continue later” page, entered my username and passwrd, readhed the “continue” button, and nothing happened. Page said it has found my application, but it wouldn’t let me in to complete it.
Theyy suggested i start all over again, which would be OK except for the hard credit check that they would presumably do a second time, thereby injuring my score further. My head is exploding.
I hate to pass up $400 in cash. Maybe I’ll write a letter to whoever I can find who seem to have a little authority AND a spare frontal lobe or two, and they can accommodate me. So tired of these rinky dink credit unions with their crappy websites and requirements for licences!
Must live or work in one of our qualifying locations Cuyahoga, Lorain or Medina County or select employer groups.
William Charles
I see that too. Though if you can name a member, that would work too.
This is helpful, thanks! I do live in Cuyahoga.
Any idea how to actually open the account? I don’t see a link on their website to open online. Do I have to go to a branch?
https://psecreditunion.originate.fiservapps.com/hvLUqcO6KnmV1gq/getting-started/landing-page
That link takes me to an acct opening page but doesn’t mention a bonus. Do you know if that address will give the bonus? thanks
Great deal, thanks DoC!
Anyone know how to actually open the account? The link in the post sends you to a page that doesn’t have a link to open online- just a form to fill out your contact info and send to them. Does it have to be opened in person?
I submitted the form. I’m planning to call tomorrow and may go into the main branch this week if I don’t hear a response.
No, the regular open checking account will qualify for the bonus IF you open a Deluxe account, even if it doesn’t say so. Have photos of your license ready, and either ample patience for their horrible site or a bottle of rum, or both. And they will do a hard credit pull.