Offer at a glance
Maximum bonus amount: $350
Availability:
Have an immediate family member who is a Kinecta member, or
Share a household with someone who is a Kinecta member, or
Work at, attend school at, or are a retiree of any of our Select Employer Group organizations, or
Are a member of one of our Associational Group organizations, or
Live, work or attend school in select zip codes in California, Texas, Illinois, and New York (Not all zip codes apply.)
If you don’t qualify in these ways, you can qualify by joining Innovision Society for a one-time $10 fee, which Kinecta will cover.
Direct deposit required: Yes, $500+
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: None
Monthly fees: Avoidable
Early account termination fee: None
Household limit: None listed
Expiration date: None listed
The Offer
Kinecta Credit Union is offering a $350 bonus when you open a new checking account and complete the following requirements:
Receive direct deposit(s) totaling $500 or more within 60 days of account opening.
Maintain an average daily balance for the first 90 days after account opening:
$5,000 to qualify for a $350 bonus
$1,000 to qualify for a $100 bonus
Complete 15 debit card transactions per 30 days for the first 90 days of account opening
The Fine Print
Earn a bonus by (1) opening a new personal checking account; (2) receiving direct deposit(s) totaling $500 or more in the new checking account within 60 days of account opening. Direct deposit(s) are ACH deposits; (3) maintaining either a $5,000 average daily balance in checking for the first 90 days of account opening to earn $350 or a $1,000 average daily balance in checking for the first 90 days of account opening to earn $100; (4) completing 15 debit card transactions per 30 days for the first 90 days of account opening.
Qualified transactions do not include adjustments, unauthorized or fraudulent charges, and fees of any kind.
Offer not valid for members with an existing checking account or a Kinecta checking account closed within 90 days of new checking account opening.
Your bonus will be paid within 30 days of meeting all qualifications described above.
Account must be in good standing to receive bonus.
One bonus per member.
Cannot be combined with other offers.
Limited time offer subject to change without notice.
Bonus may be subject to IRS reporting.
Member may receive a 1099 Form from Kinecta for the bonus.
Member is solely responsible for the payment of any applicable taxes. Please consult your tax professional.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
No monthly service fee in any month if either of the following conditions are met: 1) $2,500 average monthly balance; or 2) direct deposits totaling $500.00 or more.
Early Account Termination Fee
Unsure if there is any early account termination fee or not.
Our Verdict
I’ve marked this as specific states as last time it didn’t seem like working out of state actually worked, but as always you’re welcome to give it a go and see how it goes. The bonus itself is better than last time and worth doing if you’re eligible.
Hat tip to ShawntheShawn
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