Update 3/3/24: Deal is back and valid until 05/31/24. Hat tip to reader Bockrr
Update 4/23/23: Deal is back through 6/30/23. Hat tip to reader Carl J
Update 8/20/22: Deal is back through 11/30/22.
Update 5/26/22: Extended until 7/31/22.
Update 5/14/22: Deal is back and valid until 5/30/22. Hat tip to Jonathan
Offer at a glance
Maximum bonus amount: $300
Availability: Southern Wisconsin and Northeastern Illinois only
Direct deposit required: Recurring monthly direct deposit of at least $250
Additional requirements: Enroll in eStatements and use promo code
Hard/soft pull: Unknown (soft pull according to CSR)
ChexSystems: Unknown
Credit card funding: Up To $500 per account
Monthly fees: None
Early account termination fee: Six months, bonus forfeit
Household limit: None
Household limit: None listed
Expiration date: October 31, 2020 5/30/2022 6/30/23
The Offer
Landmark Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:
Use promo code CA24
Set up eStatements with a valid e-mail address
Receive a recurring monthly direct deposit of $250+
The Fine Print
Offer expires 10/31/20. To receive the $300 cash bonus, use promo code PP0920NEW300 online or bring this to any Landmark location and open any new Landmark Checking Account (“New Account”) with e-statements (valid email address required) and recurring monthly direct deposit (“Qualified Account”). Direct deposit is defined as a minimum of $250 per month in ACH deposits, which may include payroll, pension or government benefit payments.
Landmark will review your New Account 60 days after opening and deposit the $300 within 45 days of the review if the direct deposit and e-statement requirements have been met.
Accounts closed within the first 6 months will be charged a $300 penalty.
$300 will be reported as interest on a 1099-INT.
Not valid with any other offers.
One bonus offer available per year per member. Landmark Associates are not eligible.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
None of these accounts have any monthly fee.
Early Account Termination Fee
Account must be kept open for six months or bonus will be forfeit
Our Verdict
Better than the previous $200 checking bonus and no targeted language this time. If it is a soft pull to open then definitely worth doing.
Hat tip to reader Wilsonhammer
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