Offer at a glance
- Maximum bonus amount: $500
- Availability: OK only, select branches.
- Direct deposit required: Yes, $500+ recurring
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee:
- Household limit: None listed
- Expiration date: July 31, 2024
Contents
The Offer
- TTCU is offering a bonus of $500 when you open a new checking account and complete the following requirements:
- Must open at one of the following branches:
- Crown Heights branch at 1045 NW 49th St.
- Edmond branch at 925 Covell Village Dr.
- Quail Springs branch at 15104 N. Pennsylvania Ave.
- Establish a recurring payroll or Social Security direct deposit of at least $500
- Must open at one of the following branches:
The Fine Print
- Checking account must be opened May 1, 2024 – July 31, 2024.
- All accounts must be opened in-branch at TTCU’s Quail Springs, Edmond or Crown Heights locations. Accounts must be a new checking relationship.
- To receive the $500 bonus, the first qualified recurring payroll or Social Security direct deposit must be established by September 30, 2024.
- $500 bonus will be deposited automatically into the TTCU checking account within 30 days following three (3) regularly scheduled direct deposits of $500 or more.
- A 1099-INT or applicable tax form for the value of the promotional account credit will be issued to the account holder.
- $5 minimum opening deposit in share/savings if new member; $25 average minimum balance required for dividends.
- Fees could reduce earnings on the account. Annual Percentage Yield for dividend bearing accounts is .15% as of 4/1/24; rate is variable and subject to change after account opening. Some restrictions apply. With approved credit.
- 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 a free checking account.
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if they charge an early account termination fee or not.
Our Verdict
People have had issues with TTCU in the past, but if you can get approved and get the bonus then this looks easy to complete the requirements for and worth doing.
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
Opened account today with no issue at location.
Was able to join by donating $10 to PTA when opening account.
Fee schedule does not show an account closure fee, however the paperwork they handed out regarding the bonus states the following:
“Accounts closed within six (6) calendar months of the account opening are subject to charges equal to the value of the cash bonus.”
So looks like you must keep account opened for at least 6 months.
Also found wording indicating that this could only be churned every 24 months. Offer does not apply to accounts previously closed within 24 months.