Update 11/11/23: Bonus is back but only in branch. [Branch locations]. Direct deposit is required this time ($150 or $250 depending on the account).
Offer at a glance
- Maximum bonus amount: $150
- Availability: Says Rochester Public School District, but previously these offers have worked in MN, WI, TN, TX
- Direct deposit required: No
- Additional requirements: Promo code + 10 debit card purchases
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $15, 90 days
- Household limit: None
- Expiration date: December 31, 2021
The Offer
- Altra Bank is offering a bonus of $150 when you open a new A+ checking or A+ Platinum account and complete the following requirements:
- Use promo code RPSD_A+150
- Make 10 debit card transactions within 30 days of account opening
The Fine Print
- $150 cash bonus available for new Altra members who open a new Altra membership and an A+ Platinum or A+ Checking account in person or online;
- Offer void for current Altra members or if Altra membership has been closed within the last 30 days.
- To receive offer, initial minimum ten (10) Altra debit card transactions must be posted within thirty (30) days of account opening. ATM transactions do not qualify; Only debit card transactions processed by merchants and received by Altra as Point of Sale (POS) transactions count towards qualifying debit card transactions. $150 will be deposited into new checking account within 30 business days of initial ten (10) debit card transactions posted. One A+ Checking or A+ Platinum account per member; one offer per member; personal accounts only; not available to Guardianship, Rep Payee, or UTMA accounts.
- Offer valid for members age 16 and older.
- A parent must co-sign if under age 18.
- For tax purposes, cash bonus may be reported as dividends.
- Membership eligibility required.
- Limited time offer. Cannot be combined with any other checking bonus.
- Contact Altra for complete details.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
A+ checking account has no monthly fees to worry about.
Early Account Termination Fee
There is a $15 fee if closed within 90 days of account opening.
Our Verdict
Pretty good bonus, main issue is knowing if you’re actually eligible or not. In the past there was a $190 bonus and up to $700. This bonus is nice and easy though with no direct deposit required, although there is a hard pull.
Hat tip to Ashley R
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