Update 8/12/23: Deal is back and valid until September 30, 2023.
Update 3/14/23: Bonus has been increased to $400. Hat tip to reader Woody
Update 3/1/23: Extended until April 30, 2023.
Update 2/5/23: Deal is back and valid until February 28, 2023. Hat tip to reader Bockrr
Update 6/12/22: Deal is back and valid until July 31, 2022. Hat tip to reader lucy
Offer at a glance
Maximum bonus amount: $200
Availability: Must be a resident of Georgia
Direct deposit required: Direct deposits of $500+ per statement cycle required
Additional requirements: See below
Hard/soft pull: Hard pull
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $5.95, not avoidable.
Early account termination fee:
Household limit: None listed
Expiration date: August 31st, 2020
The Offer
Georgia’s Own Credit Union is offering a bonus of $400 when you open a Perks+ Checking Account and complete the following requirements:
You must register for online banking
make six (6) debit card transactions per month, and
have $2,500 in qualifying direct deposits per statement cycle.
You can get a $200 bonus when you open an All Access or i[check] account when you complete the following requirements:
You must register for online banking
make six (6) debit card transactions per month, and
have $2,500 in qualifying direct deposits per statement cycle.
The Fine Print
Online offer only valid July 1, 2020 through August 31, 2020.
Georgia’s Own will give you $200 when you open up a new Perks+ Checking account or $100 when you open up a new All Access Account.
Offer does not apply to business, employee, second, or multiple checking accounts with Georgia’s Own.
If you had a checking account with Georgia’s Own in the last 90 days, you are not eligible for this offer.
The bonus will be paid within 90 days after account opening and is subject to the following requirements: the member must establish a monthly direct deposit of at least $1,000 per statement cycle; the member must register for online banking; the member must complete 6 debit card transactions within each of the two statement cycles after account opening.
Account must be open and in good standing at the time the bonus is paid. Accounts are subject to approval
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Perks+ account that is required for this bonus has a $5.95 monthly fee that cannot be waived.
Early Account Termination Fee
I wasn’t able to find an early account termination fee in the fee schedule.
Our Verdict
This is another bonus where we need to know if it’s a hard or soft pull to open, if anybody goes for it then please share your experiences in the comments below.
Hat tip to reader Sagan
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