Offer at a glance
Maximum bonus amount: $150
Availability: IN, KY
Direct deposit required: Yes
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: No
Expiration date: None listed
The Offer
Centra Credit Union is offering a $150 checking bonus when you open a new Cashback Checking and High Interest Checking accounts only. Bonus is as follows:
$50 bonus
Sign up for eStatements.
Receive at least one direct deposit into your new checking account.
$100 bonus
Sign up for eStatements.
Receive at least one direct deposit.
Bring $10,000 in new business with Centra
$150 bonus:
Sign up for eStatements.
Receive at least one direct deposit.
Bring $10,000 in new business with Centra.
Have a consultation with Centra Financial Services.
The Fine Print
Offer is available on Cashback Checking and High Interest Checking accounts only.
To qualify for this offer, you must qualify for Membership with Centra. You will have 90 days from the date you open your checking account to complete qualifying activities to earn an incentive.
All earned incentives will be deposited into your Member Loyalty Account within 30 days after the 90-day qualification period.
To earn the $50 incentive, you must have signed up for electronic statements (eStatements) and received at least one direct deposit into your new checking account within the qualification period. Electronic statement enrollment requires an active digital banking login.
You can earn the $100 incentive by meeting the qualifications for the $50 incentive and also bringing a total of $10,000 in new loans, credit lines such as credit cards, or deposits to the Credit Union. Your qualifying loans, deposits, and credit lines must be new money to Centra Credit Union. You may refinance an existing loan with cash out or increase an existing line of credit to qualify, but only new money out or increases to your existing credit lines with Centra will count toward your $10,000 qualification.
You can earn the $150 incentive by meeting the qualifications for the $100 incentive and also meeting with a Centra Financial Services (CFS) representative to discuss your financial needs. You are not obligated to open any new accounts or services with CFS to earn your incentive. CFS is not insured by NCUA.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Neither 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
Not really worth doing due to needing to bring over $10,000 to hit even the $100 tier.
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