Offer at a glance
Maximum bonus amount: $300
Availability: PA
Direct deposit required: Yes, $250+
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None listed
Household limit: None listed
Expiration date: 6/30/2023
The Offer
Service 1st Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
$150 bonus when you accept the following upon opening:
accept a VISA® Check Card
Online Banking
Electronic Statements
$150 bonus when you receive a direct deposit of at least $250 within 30 days of account opening
The Fine Print
$300 Cash Bonus Rules and Eligibility. Offer valid through 6/30/2023.
Account opening and overdraft protection is subject to qualifications.
Members with existing checking account(s) do not qualify.
Offer does not apply to business accounts or multiple checking accounts.
Member must accept a VISA® Check Card, Online Banking, and Electronic Statements upon account opening to receive $150.
The $150 will be credited to a member’s account within 10 business days of opening a qualified checking account.
Members can receive an additional $150 if they enroll in Direct Deposit.
The first direct deposit must be credited to checking account within 30 days of checking account opening to receive an additional $150 cash bonus.
Minimum direct deposit amount to receive this offer is a regular $250.00 deposit. Direct deposit is an automatic electronic deposit made to your account by someone else, such as an employer issuing payroll or a government agency paying benefits.
It may not include deposits to your account that are made by an individual using online banking or an internet payment provider.
The Checking Account must remain open for six months or the cash bonus ($150/$300) will be debited (subtracted) from the account balance at closing.
The cash bonus is a credit that will post to the account within 30 days of the initial direct deposit. Some restrictions may apply.
This offer may not be combined with any other promotion, except for the Service 1st Checking Bundle promotion.
This offer can be modified or withdrawn at any time without notice. Cash incentive must be reported as taxable income.
Please see a tax specialist for details.
Savings account with a $5 minimum balance and one-time $1.00 membership fee is required.
Membership eligibility required.
**Members who have an inactive Service 1st Visa® Check Card for three (3) months or more will be assessed a dormant check card fee of $1.50 for each month the card remains inactive.
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
I wasn’t able to find a fee schedule so unsure if there is an early account termination fee or not.
Our Verdict
Need to know if this is a hard or soft pull, share your experiences in the comments below.
Hat tip to Woody
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