Update 4/27/24: Deal is back and valid until 5/31/24.
Offer at a glance
Maximum bonus amount: $200
Availability: Must live, work or worship in one of 26 counties (full list here). Must also open in branch [Branch locator]. All counties/branches are in IL
Direct deposit required: Yes, no minimum
Additional requirements: Yes, see below
Hard/soft pull: Hard pull
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: July 31st, 2019
The Offer
Land of Lincoln Credit Union is offering a bonus of $200 when you open a new checking account. Bonus is broken down as follows:
Get $100 when you:
Enroll in ClickSWITCH dashboard
Set up direct deposit of $500+ monthly within 60 days of account opening
Enroll in online banking
Get another $100 when you complete the above requirements and:
Make 10 or more transactions on your LLCU debit card
Enroll in BillPay
The Fine Print
Qualifications may apply.
Membership required.
Incentives paid at time of completion of action items required to earn incentive.
Monies awarded will be direct deposited into member’s new checking account.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule, so I’m unsure if there is any early account termination fee or not.
Our Verdict
Need to know if this is a hard or soft pull before passing judgement, you should be able to find out before opening the account as you need to open in branch anyway. If it is a soft pull then it’s worth doing in my opinion.
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