Update 12/9/23: Deal is now $250 and available in more counties (Morris Essex Union Somerset).
Update 5/24/20: Deal is back, no end date listed. Hat tip to IS250
Offer at a glance
Maximum bonus amount: $150
Availability: live, work, worship or attend school in Morris County, New Jersey. Morris Essex Union Somerset
Direct deposit required: No minimum specified, just says full pay
Additional requirements: Use promo code EVENT$150
Hard/soft pull: Soft pull
ChexSystems: Yes, not sensitive
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Bonus forfeit if closed within 6 months
Household limit: None listed
Expiration date: May 31st, 2019 None listed
The Offer
Open a new free checking account from Picatinny Credit Union and receive a bonus of $150 when you complete the following requirements:
You must use the promo code EVENT$250
Initiate a repeating direct deposit of $500+ your full pay, social security or pension into your account within 60 days of account opening
The Fine Print
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Checking account must remain open for 6 months or bonus will be forfeit
Avoiding Fees
This account does not have any monthly fees, they do require you to keep it open for six months to avoid any early account termination fee though.
Our Verdict
Might be worth doing if you live in the area due to the fact it’s a soft pull to open the account, but that will really depend if you’ve done all the better bonuses that are available already. For now we have added our best bonus list, but towards the very bottom. Share your experiences with this bank and bonus in the comments below.
Hat tip to IS250
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
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
Post history:
Update 5/18/19: Deal has been increased to $175