Connect with us

Credit

[CA only] SAFE Credit Union $500 Checking Bonus – Doctor Of Credit

[ad_1]

Offer at a glance

  • Maximum bonus amount: $500
  • Availability: If you live or work in our geographic reach, we want YOU with us. Geographic Reach: Sacramento, Placer, El Dorado, Yolo, San Joaquin, Contra Costa, Solano, Yuba, Sutter, Butte, Nevada, Alameda, and Amador Counties.
  • Direct deposit required: Yes, $1,000+
  • Additional requirements: See below
  • Hard/soft pull: Hard pull (report of soft pull)
  • ChexSystems: Unknown, sensitive
  • Credit card funding: Up to $250
  • Monthly fees: $5, avoidable
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date: None

The Offer

Direct link to offer

  • Safe Credit Union is offering a bonus of $500 when you open a new Perfect Cents Checking and complete the following requirements within 60 days:
    • enroll in eStatements
    • receive $1,000+ in direct deposits
    • complete 30 debit card purchase transactions.
  • Open a Level Up Money Market account and earn $50. Within 30 days of account opening, have a minimum of $5,000 in your account.

The Fine Print

  • You can’t have a current or recently closed (past 12 months) SAFE 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

To avoid the $5 monthly service fee, you must be enrolled in eStatements and you must have a minimum of 10 or more debit (and/or credit) card purchase transactions post each month or direct deposits totaling $500 or more per month.

Early Account Termination Fee

I wasn’t able to find any early account termination fee in the fee schedule.

Our Verdict

Better than the $400 bonus that was previously offered. Hopefully it’s a soft pull now but even if it’s a hard pull I think it’s worth doing and will add it to the best bank bonuses.

Hat tip to reader Ryan H

Useful posts regarding bank bonuses:

[ad_2]

William Charles

Source link