Update 12/21/23: Deal is back. This time requires a reoccurring direct deposit of $300+ for at least two months. Might be worth waiting for the offer with no direct deposit to return.
Update 3/23/22: Terms no longer state that it’s only valid for residents of New Hampshire or Falmouth, Massachusetts. Hat tip to reader Sue
Update 4/23/21: Terms now state: Offer valid to new residents of New Hampshire or Falmouth, Massachusetts only and subject to change or be discontinued without notice
Offer at a glance
Maximum bonus amount: $100
Availability: : MA, NH only. It’s actually available nationwide if you join the ACC (free to join) first
Direct deposit required: No
Additional requirements: None
Hard/soft pull: Soft pull
ChexSystems: Unknown, not sensitive
Credit card funding: Can fund up to $249 with a credit card
Monthly fees: None
Early account termination fee: None listed
Household limit: None
Expiration date: None listed
The Offer
Service Credit Union is offering a bonus of up to $100 when you open a new Everyday or Dividend checking account.
The Fine Print
Must be a member of Service Credit Union with at least $5 in a primary savings account and open a new Everyday or Dividend Checking account with a minimum initial deposit of $100 to qualify for the $100 bonus.
$50 will be immediately deposited into your account at account opening.
Additional $50 deposit will be awarded within 60 days after completion of 10 debit card transactions.
Debit transactions must be point of sale purchase and made within 30 days after account opening.
Withdrawal and/or deposit does not qualify.
A 1099-INT will be issued for the cash on your behalf as income.
Cannot be combined with any other checking offers.
Offer subject to change or be discontinued without notice.
Avoiding Fees
Monthly Fees
The everyday checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
Previously they offered a $100 referral bonus for both parties, but that required a direct deposit. I doubt we will see that offer return and unless you were getting a friend or family member to refer you then this $100 bonus is effectively the same but easier to meet the requirements for. Worth doing if you didn’t do the other bonus already, will add this to our best bank bonus page.
Hat tip to reader Eric
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