Offer at a glance
- Maximum bonus amount: $300
- Availability: La Vernia, TX
- Direct deposit required: Yes, multiple direct deposits required
- Additional requirements: None
- Hard/soft pull: Hard pull
- Credit card funding: Up to $100
- Monthly fees: $0
- Early account termination fee: Six months, $10
- Household limit: None listed
- Expiration date: None
The Offer
- Firstmark Credit Union is offering a $300 checking bonus when you open a new checking account at their La Vernia. Broken down as follows:
- One direct deposit during first 30 days=Get $50
- Two direct deposits totaling $2,000 during days 31-90 = Get $250
The Fine Print
- All qualifying members must conduct the following transactions to receive up to $300.
- New member must make a direct deposit (or Automated Clearing House (ACH) of at least $10 into their new Free, Power of the Dollar or Power of the Dollar Plus checking account to qualify for a $50 payout. The initial ACH deposit must be completed within the first 30 days of account opening. An account may only qualify once for payout. Upon qualifying, the $50.00 bonus will be deposited by the end of day into the member’s new Free, Power of the Dollar or Power of the Dollar Plus checking account. Deposits under $10 are not eligible.
- New member must make two or more ACH deposits for a total of $2,000.00 to qualify for a $250 bonus. ACH deposits must be completed within day 31 to 90 of account opening to qualify. An account may only qualify once for payout. Upon qualifying, the $250.00 bonus will be deposited by the close of the 91st day, into the member’s Free, Power of the Dollar or Power of the Dollar Plus checking account.
- A qualifying direct deposit is an ACH (Automated Clearing House) automatic electronic deposit. This can include salary / payroll, pension, Social Security, person to person (P2P) payments, or other ACH electronic deposit into a Free, Power of the Dollar or Power of the Dollar Plus checking account.
- Mobile check deposits, or deposits made at a branch or ATM do not qualify as an ACH/direct deposit.
- Primary account owner must be age 18 to be eligible.
- Promotion is for a limited time only and may end at any time without notice.
Rates, fees, and terms applicable can be located on the Firstmark Credit Union Truth-in-Savings Disclosures. The Credit Union may offer other rates for these types of accounts in the future. - A new Free, Power of the Dollar or Power of the Dollar Plus checking account must remain open throughout the 90-day qualification period to receive up to $300 payout.
- $300* (For APY, Minimum Deposit requirements, and rates please see Firstmark’s Truth in Savings disclosures here Membership Guide)
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
You can view the full fee schedule from First Mark by clicking here.
Membership Fee $5
FirstMark is a credit union that requires to be a member before applying. You also need to fund a savings account with $5. You can become a member if you meet any of the following requirements:
- Live, work or attend school in any of the following locations: Bexar, Atascosa, Bandera, Bexar, Comal, Dimmit, Frio, Guadalupe, Kendall, La Salle, McMullen, Medina, Wilson, and Zavala.
- Relative is a member due to meeting the requirements above
Checking
Student checking has no monthly fee to worry about
Early Account Termination Fee $10
If you close your account within six months you’ll be charged a $10 closing fee.
Our Verdict
Shame about the hard pull, but if you live near the branch then this should be worth doing.
Hat tip to reader Bockrr
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