Deal has now expired, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $150
- Availability: ID, WA & OR. More details here
- Direct deposit required: No, only ACH required of $250+
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Can fund with a credit card, up to $5,000
- Monthly fees: None
- Early account termination fee: $20, 180 days
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- Gesa Credit Union is offering a bonus of $150 when you open a new Colossal checking account and complete the following requirements within 60 days of account opening:
- Enroll in Xpress Digital Banking.
- Sign-up for and receive eStatements.
- Complete 18 Gesa Visa® debit card transactions. (ATM transactions excluded.)
- Receive one ACH deposit of $250 or more.
- Deposit one item using Remote Deposit Capture.
The Fine Print
- Beginning July 6, 2020 for a limited time only, a $150 incentive will be paid to members who open a new Gesa Colossal Checking account.
- To be eligible for the incentive, you must also enroll in Xpress Digital Banking, sign-up to receive electronic statements, complete 18 Gesa Visa® debit card transactions (ATM transactions excluded), receive one ACH deposit of $250.00 or more, and deposit one item using Remote Capture.
- All qualification criteria must be met within 60 days of account opening. $150 incentive will be deposited into member’s savings account after all qualification criteria are met and is subject to any required IRS reporting.
- Only one $150 checking incentive per member.
- Member must not have had a Gesa checking account within the last 90 days. Member must not be a current Inspirus Credit Union checking account holder.
- 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 no monthly fees to worry about
Early Account Termination Fee
A $20 fee is charged if the account is closed within 180 days according to this fee schedule.
Our Verdict
They offered a $300 bonus earlier in the year with the same requirements. Because of that we won’t be adding it to the best bank account bonuses page.
Hat tip to B^2
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
Requires:
-New account must be Colossal Checking or Addvantage Checking
-Signup for mobile banking & eStatements
-10 debit card transactions
-$250 DD
-1 mobile check deposit
Bonus paid within 60 days of opening; $20 early termination fee if closed within 180 days (https://www.gesa.com/pdfs/gesa/consumer-fee-schedule.pdf)
Looks like they are Chex sensitive. I was declined for opening 6 checking accounts in the past 3 months. However the CSR said that I could bypass that requirement by opening my account in branch.
It looks like a $100 version of this bonus is back.
Damn it, I was waiting for new cc before jumping on this! 🙁 Please come back, please come back, please
Thanks
I don’t see the bonus mentioned on that page?
Updated link: https://www.gesa.com/reward-yourself
I know there was a better bonus for $300 earlier in the year, but while not as good as that offer, this is still a good offer if you missed the $300 one.
8/20 Acct opened
8/31 final requirements met with 18th Amazon debits (0.50-0.55 cents each spread out over 3 days; 6/day)
9/1 $150 bonus posted
The thing I like most about this account is not the bonus itself, but the ability to get cash back via credit card funding. When you factor that in, this is an easy $350 bonus if you can get 2% back on something like Citi double cash for 10k. Also, the quick posting of the bonus is very nice.
As I mentioned earlier, plan to keep this open and try to open an extra savings account later to fund with CSP to get that bonus (if I am approved later this month). That would be an extra $555 ($600 bonus for CSP + $50 cash back from CSP – $95 CSP annual fee) made much easier by having a Gesa membership. But if Gesa doesn’t allow that, then I can just pay property taxes with CSP instead.
No problems creating a secondary savings account and funding with CSP for 5k. Coded as purchase and 85,000 points pending for CSP.
Declined due to Chex. 15 in the past 3 months.
In terms of credit bureau used, I can confirm that experian was required for my application. I had equifax and transunion unfrozen for P1 and P2. No matter what I did, I got an error at the initial page where you enter your name and SSN. However, once I unfroze Experian, I got past the initial page and was able to submit the application.
did the $300 promo, beware not MS friendly!
Hello. Can you provide more details on what issues you ran into? Do you mean initial CC funding of the account? There are multiple comments for the $300 offer of success with CC funding and getting the bonus. I did read one comment where someone was trying to open up a 5th account for MS spending purposes and got shut down. But I have no intention of opening more than 1 checking and 2 savings. Thanks in advance for your feedback.