Offer at a glance
Maximum bonus amount: $250
Availability: CA
Direct deposit required: Yes, $1,000+
Additional requirements: See below
Hard/soft pull: Hard pull according to CSR
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: June 4, 2024
The Offer
USC Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:
Use promo code SPRING24
Set up direct deposit with a $1,000 minimum direct deposit every 30 days for the first 90 days of checking account opening
Make a minimum of ten (10) debit transactions every 30 days for the first 90 days of checking account opening
The Fine Print
Offer is available to members who have not owned a USC Credit Union personal checking account within the last twelve (12) months or closed with a negative balance within the last 3 years. You can receive only one new checking account opening-related bonus per account. To receive the checking bonus all requirements must be met:
Open a new USC Credit Union personal checking account using promotional code: SPRING24 at account opening, which is subject to membership eligibility (membership fee may apply; please call 1-877-670-5860 or visit www.USCcreditunion.org to confirm eligibility). Business checking accounts are not eligible.
Have qualifying direct deposits totaling $1,000 or more every 30 days for the first 90 days of checking account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle®, Bill Pay, Cash Apps, ACH transfers between external bank accounts, etc.) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account;
Make a minimum of ten (10) debit card transactions or more every 30 days for the first 90 days of checking account opening.
After you have completed all the above requirements, we’ll deposit the bonus in your new account within 15 days. To receive this bonus, the enrolled account must not be closed or restricted at the time of payout. The bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Offer subject to change without notice. Offer valid for new checking accounts opened from 5/6/2024 to 6/4/2024 and cannot be combined with any other offers. All credit union programs, terms and conditions are subject to change without notice.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The cardinal checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find the fee schedule so unsure if there is any EATF.
Our Verdict
Offer seems OK but we need more datapoints.
Hat tip to reader Bockrr
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