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
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
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.