Offer at a glance
Maximum bonus amount: $200
Availability: AZ, maybe nationwide with a $20 membership fee “Join Friends of the Pima County Public Library with a $20 membership fee, when you open your account.” According to DP though they don’t actually open the account.
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Up to $5,000
Monthly fees: None
Early account termination fee: None listed
Household limit: None listed
Expiration date: None listed
The Offer
Pima Federal Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
Elect to receive electronic statements
Receive a minimum aggregate deposit of $1,000 each month for two consecutive months
The Fine Print
Valid on new CareFREE Plus checking accounts.
Opening bonus does not apply to existing Pima Federal account holders.
To earn the opening bonus, the CareFREE Plus checking account must meet the following requirements for two consecutive months within the first 90 days from account opening – current enrollment in eStatements and receive a minimum aggregate monthly deposit of $1,000.
Internal transfer deposits and dividend deposits are excluded from the aggregate monthly deposit calculation.
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
Unsure if there is any EATF.
Our Verdict
It’s possible that this bonus isn’t actually active anymore even though there is no end date. It doesn’t look like out of state applications are working so I probably wouldn’t apply unless you live close to an actual branch.
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
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