Update 8/24/24: Bonus is now $200. Hat tip to DN_03755
Offer at a glance
Maximum bonus amount: $200
Availability:
Individuals who live, work, worship, or attend school in New York City (NYC)
Individuals who work for New York State (NYS) or Federal Employers
Direct deposit required: Yes, $200+
Additional requirements: None
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: 9/30/24
The Offer
MCU is offering a $200 bonus when you open a new free checking account and complete the following requirements:
Receive a direct deposit or payroll deduction of $200 or more within 90 days
Can also get a $50 bonus for opening a Hero Savings Account between 7/15/24 and 9/30/24
The Fine Print
You must open a Checking Account with MCU between 5/1/24 and 6/30/24 connected to direct deposit or payroll deduction to get $100.
Limit one account-opening bonus per qualifying account.
If requirements have been met, the $100 will be deposited into your account 8/9/2024.
Offer not available to individuals who were a primary account owner of an MCU checking account in the last 12 months.
Account must not be closed or restricted during the time of promotional period.
Offer is subject to cancellation without notice. Account opening is 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
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
Need to know if it’s a hard or soft pull.
Hat tip to Bockrr
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