[Expired] [TX Only] JSC Federal Credit Union $100 Checking Promotion + $50 Referral

This bonus has expired and is no longer available. View the best checking bonuses here.

Offer at a glance

• Maximum bonus amount: $100
• Availability: Must live, work, worship or attend school Houston, Galveston County, or Texas City. You can also join if you work for one of the 2,000+ partners or if an immediate family member is already a member of JSC Federal Credit Union.
• Direct deposit required: Yes, no minimum specified
• Additional requirements: Visa debit, eStatements & home banking
• Hard/soft pull: Unknown
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: Unknown
• Expiration date: February 28th, 2018

The Offer

Direct link to offer

• JSC Federal Credit Union is offering a bonus of $100 for new members when they are referred. The person referring will also receive a $50 bonus. You must complete the following requirements:
  • Set up direct deposit (no minimum specified) within 60 days of account opening
  • Set up a Visa debit card
  • Set up home banking & eStatements

 

The Fine Print

• As a JSC Federal Credit Union member in good standing, you will receive a $50 deposit for each qualified person you refer who becomes a new member of JSC FCU, opens a Savings and Checking Account and meets the minimum account requirements.
• Limit of one $50 deposit per qualified member referral.
• Please allow up to three weeks after the new member’s accounts are opened for the $50 bonus deposit to be deposited into the current member’s Savings Accounts.
•  “Bonus” is considered interest and may be reported on IRS Form 1099-INT. Please consult your tax advisor on any legal, tax, or financial issues related to your bonus or personal matters.
• All referral forms must be received no later than the Member Referral Promotion expiration date of 02/28/2018.
• To qualify for the $100 deposit, you must be a JSC FCU member or become a member (by opening a Savings Account with a minimum $5 deposit) of JSC FCU, and open a new Checking Account with Payroll Direct Deposit, Visa Debit Card, Home Banking and eStatements. Existing Checking Accounts, Secondary Checking Accounts or Secondary Money Market Accounts are not eligible to receive the $100 incentive.
• A minimum deposit of $25 is required to open a Checking Account
• . For new members, you must open the Checking Account at the same time you join JSC FCU.
• The $100 will be deposited after the first direct deposit into the Checking Account.
• Allow up to three weeks after the first direct deposit for the incentive to be applied.
• The direct deposit must be completed within 60 days of the account opening.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees, I wasn’t able to find a fee schedule so I’m unsure if an early account termination fee is charged – but considering there are no monthly fees it’s probably a good idea to keep the account open for at least 6 months to avoid this possibility.

Our Verdict

This bonus would be a lot more interesting if we knew it was a soft pull. If you’re a member please feel free to share your referral information in the comments, just also share if it’s a hard/soft pull and your experience with the bank as well. For now I haven’t added it to our list of the best checking bonuses.

Hat tip to reader Allen Q

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