Offer at a glance
- Maximum bonus amount: $250
- Availability: Must You live, work, worship or attend school within Aitkin, Carlton, Chisago, Cook, Isanti, Itasca, Kanabec, Koochiching, Lake, Pine, St. Louis, or Washington Counties
- Direct deposit required: Yes, $500+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $250, Visa & Mastercard only
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None
- Expiration date: None
The Offer
- Members Cooperative Credit Union is offering a $250 checking bonus when you open a new checking account and complete the following requirements:
- Use promo code 250BONUS
- Set up direct deposit and deposit at least $500 within 60 days.
- Use your MCCU debit card (at least once)
The Fine Print
- To be eligible for this promotion the primary applicant must (1) not have been an owner of an MCCU checking account within the 12-month period prior to application; (2) be in good standing if currently a member; (3) be at least 18 years old; and (4) provide the bonus code at the time of account opening.
- To receive the bonus, within 60 days of account opening the new account must have direct deposits totaling $500 or more and one debit card purchase.
- The bonus will be deposited into the new account within 30 days once all requirements are met. Membership required. Additional restrictions and eligibility requirements apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is a totally free checking account with no monthly fees to worry about.
Early Account Termination Fee
I don’t see any mention of an early account termination fee in the fee schedule.
Our Verdict
Much better than the previous $100 bonus. Please share if it’s a hard or soft pull in the comments below.
Hat tip to Bockrr
Useful posts regarding bank bonuses:
William Charles
Source link
