Offer at a glance
Maximum bonus amount:
Availability: DE, PA and NJ only. Might be nationwide with $10 donation but lots of accounts were not approved last time.
Direct deposit required: Yes, no minimum specified
Additional requirements:See below
Hard/soft pull: Soft
ChexSystems: Yes
Credit card funding: $550
Monthly fees: None
Early account termination fee: None
Household limit: None listed
Expiration date: None listed
The Offer
Sun East Federal Credit Union is offering a $150 referral bonus to both parties when the new customer completes the following requirements:
open a checking account,
establish direct deposit, and conduct at least 1 direct deposit transaction into the checking account within 45 days of account activation
deposit a minimum of $250 within 45 days of account activation and have $250 in the account on day 45
The Fine Print
To be eligible for the program an Advocate must be a Sun East member in good standing, as defined in our bylaws, having a principal residence in Delaware, Maryland, New Jersey, or Pennsylvania, and has been a member for at least 6 months.
The referred new member or Friend must remain in good standing for 45 days from the date of account opening. A Friend must also: 1) meet the residency requirements; 2) open a checking account, establish direct deposit, and conduct at least 1 direct deposit transaction into the checking account within 45 days of account activation; and 3) deposit a minimum of $250 within 45 days of account activation and have $250 in the account on day 45. Internal account transfers (transfers between accounts held by Sun East) are not eligible to meet the checking account minimum.
Existing primary members/Advocates and joint owners on such accounts who open new accounts do not qualify as Friends and will not receive a referral bonus. Former members may qualify as a Friend if their account was closed for at least 6 months before the date of reopening.
Once a Friend is referred by an Advocate, no other members may refer that same Friend.
Members who open accounts by fraudulent, suspicious, or illegal means, or who make referrals or open accounts in a manner not consistent with the spirit or intent of the Program, as determined in our sole discretion, are not eligible to participate and referral bonuses will be denied.
A valid referral for the reward bonus requires:
Advocate must remain in good standing for the 45 days of Friend’s account opening;
Friend must complete the Sun East membership application by accessing it through the Advocate’s personal link; and
Friend must be approved for membership, meet the residency requirements, and account requirements as disclosed.
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 any EATF.
Our Verdict
Previously there was a $300 checking bonus. Feel free to share your referrals in the comments below. Anyone can join Sun East credit union with a $10 donation to the Sun East Foundation if they don’t meet the local criteria. A lot of people were denied when there was a high yield account offer.
Hat tip to reader Phil P
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?
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