Offer at a glance
- Maximum bonus amount: $300
- Availability: PA
- Direct deposit required: Yes, $250+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None listed
- Expiration date: 6/30/2023
The Offer
- Service 1st Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
- $150 bonus when you accept the following upon opening:
- accept a VISA® Check Card
- Online Banking
- Electronic Statements
- $150 bonus when you receive a direct deposit of at least $250 within 30 days of account opening
- $150 bonus when you accept the following upon opening:
The Fine Print
- $300 Cash Bonus Rules and Eligibility. Offer valid through 6/30/2023.
- Account opening and overdraft protection is subject to qualifications.
- Members with existing checking account(s) do not qualify.
- Offer does not apply to business accounts or multiple checking accounts.
- Member must accept a VISA® Check Card, Online Banking, and Electronic Statements upon account opening to receive $150.
- The $150 will be credited to a member’s account within 10 business days of opening a qualified checking account.
- Members can receive an additional $150 if they enroll in Direct Deposit.
- The first direct deposit must be credited to checking account within 30 days of checking account opening to receive an additional $150 cash bonus.
- Minimum direct deposit amount to receive this offer is a regular $250.00 deposit. Direct deposit is an automatic electronic deposit made to your account by someone else, such as an employer issuing payroll or a government agency paying benefits.
- It may not include deposits to your account that are made by an individual using online banking or an internet payment provider.
- The Checking Account must remain open for six months or the cash bonus ($150/$300) will be debited (subtracted) from the account balance at closing.
- The cash bonus is a credit that will post to the account within 30 days of the initial direct deposit. Some restrictions may apply.
- This offer may not be combined with any other promotion, except for the Service 1st Checking Bundle promotion.
- This offer can be modified or withdrawn at any time without notice. Cash incentive must be reported as taxable income.
- Please see a tax specialist for details.
- Savings account with a $5 minimum balance and one-time $1.00 membership fee is required.
- Membership eligibility required.
- **Members who have an inactive Service 1st Visa® Check Card for three (3) months or more will be assessed a dormant check card fee of $1.50 for each month the card remains inactive.
- 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 an early account termination fee or not.
Our Verdict
Need to know if this is a hard or soft pull, share your experiences in the comments below.
Hat tip to Woody
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