Offer at a glance
- Maximum bonus amount: $100
- Availability: FL only, following counties qualify: Monroe, Miami Dade, Broward, Palm Beach, Martin, Sarasota, Manatee, Hillsborough and Pinellas
- Direct deposit required: Optional
- Additional requirements: Direct deposit or initial deposit of $500+
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: $4.95 monthly fee, waivable
- Early account termination fee: Account must remain open for 90 days
- Expiration date: March 31st, 2016
The Offer
- Open a Power Financial Credit Union checking or savings account and receive a $100 bonus when you complete the following:
- Open with an initial deposit of at least $500 or direct deposit $500 or more
The Fine Print
- Prizes will be awarded upon account meeting qualification criteria
- New accounts require opening a checking account with direct deposit or a minimum initial deposit of $500
- Checking account must remain open for 90 days
- Membership required; $5 membership deposit. Membership is open to all residents of Monroe, Miami Dade, Broward, Palm Beach, Martin, Sarasota, Manatee, Hillsborough and Pinellas Counties; as well as, friends and family of current members
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Regular Checking has a $4.95 monthly fee and is the easiest account to keep fee free, to avoid the monthly fee you need to use their SecureLink Bill Pay at least once per month. You also need to keep the account open for 90 days to avoid any early account termination fee.
Our Verdict
Pretty easy bonus to meet and the requirements to keep the account fee free are easy as well. If it’s a soft pull then I’d definitely recommend it to people who live in the qualifying area. Please share your experiences with this bank in the post below. A list of the best bank bonuses is found here.
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- 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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- Complete List Of Ways To Close Bank Accounts At Each Bank
So if I pay $1 to a credit card that avoids the $4.95 monthly fee?
4% charge for credit card initial funding. No thanks!