Update 1/13/24: Bonus is now $350 (was $250).
Offer at a glance
Maximum bonus amount:
Availability: Everyone who lives, works, worships or attends school Solano, Yolo, Contra Costa, Merced, Napa, Alameda, Colusa, Placer, Sacramento, San Joaquin, Sonoma and Stanislaus counties; Military and civilian personnel of Travis Air Force Base; Immediate family members of current members.
Direct deposit required: Fine print says any electronic deposits
Additional requirements:
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Up to $12,000
Monthly fees: None
Early account termination fee: $20, six months
Household limit: None
Expiration date: None
The Offer
Travis Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:
Use promo code Checking350
A total of $2,000 of external electronic deposits have been made within the 90-day period
The Fine Print
$350 offer applies to new and existing Travis Credit Union (TCU) members who open their first TCU checking account and meet the deposit requirements.
Only Free Checking and Access Checking accounts are eligible for this offer.
To qualify for the $350 reward, a new membership and/or a new TCU Free Checking or Access Checking account must be opened using the promo code.
The $350 reward will be payable into the checking account after 90 days if a total of $2,000 of external electronic deposits have been made within the 90-day period.
Person to person payments such as Zelle® and other cash apps are not eligible for this offer.
Only new money qualifies and no cash deposits (cash allowed for the initial deposits).
New money is defined as funds not currently on deposit with TCU. Offer only applies to ages 18 years and over.
Excludes Travis Credit Union employees.
Only one offer per member allowed.
Membership eligibility and other restrictions may apply. Membership requires a one-time non-refundable $5 fee plus a $5.00 minimum deposit.
Only the Free Checking or Access Checking account qualifies for this offer and requires a $50.00 minimum deposit.
The $350 reward is considered interest and will be reported on IRS form 1099-INT.
See disclosure for details at traviscu.org. This offer is subject to change or cancellation at any time. Insured by NCUA. Applicant must meet membership and account qualifications.
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
$20 if closed within 6 months.
Our Verdict
Looks to be a relatively easy bonus, doesn’t seem to be any terms that state it has to be payroll specific. Hopefully it’s not Chexsystems sensitive.
Hat tip to reader calvin
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
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