Deal has now ended. View more checking promos by clicking here
Offer at a glance
- Maximum bonus amount: $150 + $150 donation to charity
- Availability: TX only. Must lives, works, or worships in Chambers, Hardin, Jasper, Jefferson, Liberty, Newton, Orange, or Tyler County
- Direct deposit required: Yes, no minimum specified
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5, not avoidable
- Early account termination fee: $5, 90 days
- Household limit: None listed
- Expiration date: December 31st, 2019
Contents
The Offer
- DuGood Federal Credit Union is offering a bonus of $150 when you open a new checking account and complete the following requirements:
- Open a new Advantage Checking account with payroll direct deposit
- DuGood will also donate $150 to a charity once the above requirements are completed
The Fine Print
- Offer valid until 12/31/19 for first time new members who open an Advantage Checking account with payroll direct deposit.
- Business accounts excluded. Other restrictions apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Advantage checking account has a $5 fee that cannot be waived
Early Account Termination Fee
According to the fee schedule there is a $5 fee if your account is closed within 90 days
Our Verdict
Seems like an OK deal, it’s annoying that the $5 fee cannot be waived and they don’t tell you what charity the money will be donated to either list of charities here. We need to know if it’s a hard/soft pull and if you can fund with a credit card to determine if it’s a good deal or not. If anybody goes for it, please share your experiences in the comments below.
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
They have a list of partner charities here:
https://www.dugood.org/dugood-by-giving-2019?hsCtaTracking=cadd930d-f5d1-4672-98bd-e94698bb58e0%7Cc4845f2e-1036-41eb-aa8e-0a3d8d949d0e
Thanks, let me update
meh
“Anyone who lives, works, or worships in Chambers, Hardin, Jasper, Jefferson, Liberty, Newton, Orange, or Tyler County is eligible to join.”
This appears to be the only membership qualifier. Far east Texas (Beaumont area, near Louisiana border). I don’t live anywhere nearby, but zip code restriction on first “membership eligibility” tab didn’t seem to stop me from going to next page, but I didn’t want to fill out the rest of the info at this point, but I’ll post back if I’m successful later.
How many folks live in those counties? These don’t seem to include any sort of population centres at all. Seems a bit weird to post this under “TX only” when probably less than 0.1% of Texans are eligible here.