Offer at a glance
Maximum bonus amount: $400
Availability: If you live, work, worship or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset or York County in Maine, or if you have an immediate relative who is a member, you’re eligible for membership
Direct deposit required: Yes, $2,000+
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: None listed
The Offer
TruChoice Federal Credit Union is offering a $400 checking bonus when you open a new checking account and complete the following requirements:
Receive direct deposits totaling $2000 or more within 90 days of account opening
The Fine Print
*Offer valid for new members only. To be eligible you must open a checking account and make direct deposits totaling $2000 or more within 90 days of account opening**.
The $400 checking bonus does not require any additional activities.
The cash bonus will be deposited into your primary savings account the last week of the statement month following your qualifying time period.
In order to receive the cash bonus, your checking account must be open and in good standing.
No minimum deposit required to open a checking account.
Bonus will be reported to IRS as required by applicable law.
Offer valid for a limited time and may be withdrawn at any time.
Terms and conditions subject to change.
Eligible Direct Deposits are limited to electronic direct deposits such as your payroll, pension, and government benefit payments. Other deposits or credits to your account, such as deposits of funds from person-to-person payments services (e.g., Zelle®, Venmo, or PayPal transfers), check or mobile deposits, and other online transfers are not considered an eligible Direct Deposit for bonus eligibility purposes
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
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Not sure how strict they are on the direct deposit or if it’s a hard or soft pull but still should be worth doing for most readers if you live in an eligible area.
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