Offer at a glance
- Maximum bonus amount: $200
- Availability: MI only
- Direct deposit required: Yes, recurring. No minimum mentioned
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Six months, bonus forfeit
- Household limit: None
- Expiration date: None listed
The Offer
- People Driven Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Set up a recurring direct deposit within 30 days of account opening
The Fine Print
- *TO QUALIFY FOR THE $200 CASH BONUS, YOU MUST BE A MEMBER, OPEN A QUALIFYING CHECKING ACCOUNT WITH PEOPLE DRIVEN CREDIT UNION (“PDCU”), AND MEET THE DEPOSIT CONDITIONS OUTLINED BELOW.
- YOU MUST ALSO SET UP A RECURRING DIRECT DEPOSIT INTO YOUR NEW PDCU CHECKING ACCOUNT WITHIN 30 DAYS OF ACCOUNT OPENING.
- A QUALIFYING DIRECT DEPOSIT IS DEFINED AS A RECURRING ELECTRONIC DEPOSIT MADE BY AN EMPLOYER OR AN OUTSIDE AGENCY. TRANSFERS FROM ONE ACCOUNT TO ANOTHER OR DEPOSITS MADE AT A BRANCH OR ATM DO NOT QUALIFY.
- THE $200 CASH BONUS WILL BE CREDITED TO YOUR PDCU CHECKING ACCOUNT WITHIN 120 DAYS OF MEETING THE DIRECT DEPOSIT REQUIREMENT.
- IF YOUR CHECKING ACCOUNT IS CLOSED WITHIN SIX MONTHS OF OPENING, PDCU RESERVES THE RIGHT TO DEDUCT THE BONUS AMOUNT FROM THE ACCOUNT AT THE TIME OF CLOSING. BONUSES ARE CONSIDERED INTEREST AND WILL BE REPORTED ON IRS FORM 1099-INT (OR FORM 1042-S, IF APPLICABLE).
- THIS PROMOTION IS SUBJECT TO CHANGE OR TERMINATION AT ANY TIME WITHOUT NOTICE.
- PDCU MAY DISCONTINUE OR MODIFY THE OFFER IF ANY FACTOR INTERFERES WITH ITS PROPER CONDUCT. THIS OFFER CANNOT BE COMBINED WITH ANY OTHER CHECKING ACCOUNT PROMOTION.
- PDCU RESERVES THE RIGHT TO DETERMINE THE ELIGIBILITY OF ANY ACCOUNT FOR THE BONUS. BY PARTICIPATING IN THIS PROMOTION, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS. PLEASE CONTACT PDCU FOR FURTHER DETAILS OR CLARIFICATION.
- 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
Bonus forfeit if account is closed within six months.
Our Verdict
Need to know if it’s a hard or soft pull. Seems like a relatively easy bonus.
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