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[CA only] First Entertainment Credit Union $300 Bonus, No Direct Deposit Required – Doctor Of Credit

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Update: Comments say you might need to be member of local 695.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Who live, regularly work, currently attend school, or currently worship in Los Angeles County, California, as well as eligible businesses and/or other legal entities in Los Angeles County, California
  • Direct deposit required: No
  • Additional requirements: See below
  • Direct deposit required: None
  • Additional requirements: None
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Up to $500
  • Monthly fees: None
  • Early account termination fee: None listed
  • Household limit: None
  • Expiration date: December 31, 2023

The Offer

Direct link to offer

  • First Entertainment Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
    • Use promo code NEWMEMBER2023
    • Make $1,000 in debit card purchases
    • Enroll in eStatements

The Fine Print

  • Eligibility requirements apply, and all must be met by the 90th day of account opening to qualify for up to $600 bonus.
  • Offer available to new members joining First Entertainment Credit Union between January 3, 2023 and December 31, 2023, using promo code NEWMEMBER. A new member is defined as having no previous relationship with First Entertainment Credit Union.
  • Limited to a maximum $600 total bonus per member.
  • Accounts must be open for at least 90 days, active, and in good standing to receive bonus payout(s) (not in default, closed, inactive, or otherwise “not in good standing”).
  • Bonus(es) will be distributed within 30 days following the program requirements and the 90 days qualification period.
  • Bonus(es) will be considered dividends and may be reported on IRS form 1099-INT.
  • First Entertainment Credit Union employees and business accounts are not eligible for this offer.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

First500 savings  & value checking account has no monthly fee to worry about

Early Account Termination Fee

I didn’t see any mention of an early account termination fee in the fee schedule.

Our Verdict

Previous best was $100. This is a much better deal and still no direct deposit required.

Hat tip to Looney Tunes

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William Charles

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