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Tag: credit card funding

  • [CA only] First Entertainment Credit Union $300 Bonus, No Direct Deposit Required – Doctor Of Credit

    [CA only] First Entertainment Credit Union $300 Bonus, No Direct Deposit Required – Doctor Of Credit

    Update: Comments say you might need to be member of local 695.

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: Who live, regularly work, currently attend school, or currently worship in Los Angeles County, California, as well as eligible businesses and/or other legal entities in Los Angeles County, California
    • Direct deposit required: No
    • Additional requirements: See below
    • Direct deposit required: None
    • Additional requirements: None
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Up to $500
    • Monthly fees: None
    • Early account termination fee: None listed
    • Household limit: None
    • Expiration date: December 31, 2023

    The Offer

    Direct link to offer

    • First Entertainment Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
      • Use promo code NEWMEMBER2023
      • Make $1,000 in debit card purchases
      • Enroll in eStatements

    The Fine Print

    • Eligibility requirements apply, and all must be met by the 90th day of account opening to qualify for up to $600 bonus.
    • Offer available to new members joining First Entertainment Credit Union between January 3, 2023 and December 31, 2023, using promo code NEWMEMBER. A new member is defined as having no previous relationship with First Entertainment Credit Union.
    • Limited to a maximum $600 total bonus per member.
    • Accounts must be open for at least 90 days, active, and in good standing to receive bonus payout(s) (not in default, closed, inactive, or otherwise “not in good standing”).
    • Bonus(es) will be distributed within 30 days following the program requirements and the 90 days qualification period.
    • Bonus(es) will be considered dividends and may be reported on IRS form 1099-INT.
    • First Entertainment Credit Union employees and business accounts are not eligible for this offer.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    First500 savings  & value checking account has no monthly fee to worry about

    Early Account Termination Fee

    I didn’t see any mention of an early account termination fee in the fee schedule.

    Our Verdict

    Previous best was $100. This is a much better deal and still no direct deposit required.

    Hat tip to Looney Tunes

    Useful posts regarding bank bonuses:

    William Charles

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  • [TX only] Broadway Bank $300-$500 Business Checking Bonus – Doctor Of Credit

    [TX only] Broadway Bank $300-$500 Business Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $300 – $500
    • Availability: TX Only
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Up to $500
    • Monthly fees: $12, avoidable
    • Early account termination fee: $15 if closed within 90 days
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • Broadway Bank is offering a business checking bonus of up to $500. Bonus is broken down as follows:
      • Open a new Advantage, Preferred or Essentials Business Checking account.
        Deposit $2,000 or more in new money within 30 days of account opening.
      • Enroll in Business Online Banking1 and complete 10 qualifying transactions within 90 days of opening account.
      • Maintain an average monthly balance of those listed below over the next 120 days to earn up to $500.
        • Earn $300 with a balance of $2,000 – $24,999
        • Earn $400 with a balance of $25,000 – $49,999
        • Earn $500 with a balance of $50,000 or greater
      • Earnings will be deposited to your eligible Business Checking account within 90 days of meeting requirements.

    The Fine Print

    • Account Requirements:
    • Eligible accounts are qualifying Business Advantage Checking, Business Preferred Checking, and Essentials Business Checking accounts.
      Subject to approval. Other conditions and restrictions apply.
    • Eligibility Requirements:
    • Offer is available for a maximum of one eligible Business Checking account per Taxpayer Identification Number (TIN).
    • Offer is not available for existing businesses with Broadway Bank Business Checking accounts.
      A new eligible Business Checking account is required, and all other Broadway Bank accounts are excluded.
    • Excludes closed and reopened accounts, existing accounts, converted accounts, and repurposed accounts.
    • Broadway Bank employees are ineligible to participate in this incentive.
      The offers are not stackable, they are tiered offers with a maximum of $500.
    • Incentive Requirements:
    • Within 30 days of account opening, a cumulative deposit of at least $2,000 in new money is required to qualify for the incentive.
    • New money cannot be funds held by Broadway Bank.
    • Average monthly balance is defined as the average collected balance across a monthly timeframe within your eligible Business Checking account.
    • Within 90 days of account opening, must enroll in Business Online Banking and complete 10 qualifying transactions to qualify for the incentive.
    • Qualifying transactions are debit card purchases, ACH transactions, checks, and signature Point of Sale purchases and online purchases.
    • ATM withdrawals, teller deposits and withdrawals, wires, and debit card cash advances do not qualify for this promotion.
    • Incentive Payment:
    • Within 90 days of meeting incentive requirements, earnings will be deposited to the eligible new Business Checking account.
    • Qualifying accounts must be open and have a positive balance to receive earnings.
    • The incentive payment could be subject to IRS reporting on Internal Revenue Service (IRS) Form 1099.
    • This promotion is subject to change without notice and is subject to bank verification, eligibility, and qualification review.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Advantage Business Checking has a $12 monthly fee. This is waived:

    Early Account Termination Fee

    According to the fee schedule there is a $15 fee if closed within 90 days.

    Our Verdict

    Only the $200 bonus is worth considering as you’re losing out on significant interest on the other tiers when compared to a 5%+ APY earning account (e.g for the $25,000 tier you could earn ~$400 in just interest). The bottom tier is OK although realistically you’ll need $3,000 in there to avoid the monthly fee. It’s annoying the holding period is so long but we will still add this to our best bank bonus page.

    Hat tip to Tikky

    Useful posts regarding bank bonuses:

    William Charles

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  • [VA & MD] Northwest Federal Credit Union $400 Checking Bonus – Doctor Of Credit

    [VA & MD] Northwest Federal Credit Union $400 Checking Bonus – Doctor Of Credit

    Update 11/23/23: Deal is back and valid until 11/30/23.

    Update 6/24/20: Deal is back and valid until July 15th, 2020. Hat tip to Econ0mist

    Offer at a glance

    • Maximum bonus amount: $400
    • Availability: VA, MD
    • Direct deposit required: Yes, at least three direct deposits of $500+ each
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Up to $520
    • Monthly fees: None
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: December 31st, 2019 July 15th, 2020

    The Offer

    Direct link to offer

    • Northwest Federal Credit Union is offering a bonus of $300 when you open a new checking account in branch and complete the following requirements:
      • Make a minimum deposit of at least $50* in ACH or direct deposits per month for three months

     

    The Fine Print

    • Limited time offer available 11/1/2023 – 11/30/2023.
    • To earn a $400 deposit into your checking account during the first 90 days after opening your first ever consumer checking account with Northwest Federal, you must: be 18 years of age or older, be in good standing, and make a minimum of $500 in direct deposits or ACH deposits into the checking account each month for three months. If all requirements are met and once your checking account has been open for 90 days, you will receive your deposit into the checking account within 30 days. Cannot be combined with other offers. APY = Annual Percentage Yield. Elite Checking has an APY of .07% if $1,000 or more is deposited each month, and Kasasa Cash® Checking has an APY ranging from 4.00%-1.38% depending on the account balance (assumed balance of $100,000 used for example). Kasasa Cash® Checking requires $100 minimum deposit to open and qualifications must be met to earn dividends. Choice Checking and Kasasa Cash Back® Checking also eligible for bonus. Fees may reduce earnings on accounts. Rate may change after the account is opened. Member responsible for possible tax implications. Rates current as of 10/31/2023 and are subject to change without notice.

    Avoiding Fees

    Monthly Fees

    Choice checking has no monthly fees to worry about.

    Early Account Termination Fee

    There is no mention of an early account termination fee in the fee schedule.

    Our Verdict

    Nice big bonus, now that we know it’s a soft pull to open the account we will be adding this to our list of the best checking bonuses.  If anybody goes for this bonus, share your experiences in the comments below.

    Useful posts regarding bank bonuses:

    Post history:

    • Update 2: No longer in branch only, might be available to people outside of VA & MD but YMMV.
    • Update 11/9/19: Bonus is back and valid until December 31st, 2019
    • Update 10/20/18: Reposting as it’s confirmed to be a soft pull.

    William Charles

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  • PenFed Up To $750 Savings Bonus – Doctor Of Credit

    PenFed Up To $750 Savings Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $750
    • Availability: Nationwide
    • Deposit required: Up to $50,000
    • APY: 3%
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Up to $50
    • Monthly fees: None
    • Early account termination fee: None
    • Household limit: None listed
    • Expiration date: 12/30/23

    The Offer

    Direct link to offer

    • PenFed is offering a savings bonus of up to $750. Must make deposits on or before 12/30/23 and balance must be maintained from 12/30/23 to 4/30/24.
      • Receive a bonus of $150 for every $10,000 deposited

    The Fine Print

    • Offer is valid for all PenFed Premium Online Savings account holders.

       

    • Offer Details: During the Offer Period or before 12/30/2023, make deposits of up to $50,000 from an external account into your PenFed Premium Online Savings account External funds are considered any new money deposited into your account from an account not affiliated with PenFed. Funds transferred internally within PenFed accounts do not qualify for this offer. The new money plus your existing balance must remain in the PenFed Premium Online Savings account from 12/30/23 to 4/30/24 to be eligible for the Bonus Offer.
    • Your total balances at PenFed must increase by the end of the promo period. Upon meeting the Offer qualifications, you will receive a $150 bonus for every $10,000 deposited into your account. Maximum bonus received is $750 per member.
    • Your promotional bonus will be reported in your year-end Form 1099-INT as taxable income. Bonus will be credited to the account in the form of a statement credit.
    • Your account must stay open and be in good standing when bonus is credited to your account. Please allow up to 60 days for the Bonus to appear in your account.

       

    • We reserve the right to modify or revoke this Offer at any time, without notice. If we determine that abuse or gaming has occurred in connection with this Offer, your eligibility and bonus may be null and void.
    • 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

    There is no EATF but funds need to be in account until 4/30/24

    Our Verdict

    Funds need to be in the account for four months, account earns a base rate of 3%. With the bonus this works out to be 7.5% APY. That’s better than current basic savings account rates and worth considering if you have lots of spare funds in cash currently. We will add this to our list of best saving bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [CO, WY, In Branch] Blue Federal Credit Union $400 Checking Bonus – Doctor Of Credit

    [CO, WY, In Branch] Blue Federal Credit Union $400 Checking Bonus – Doctor Of Credit

    Update 11/17/23: Bonus is now $400 for ‘Blue Friday’ (11/17/23-11/24/23).

    Update 11/23/22: Bonus being increased to $300 for Black Friday (11/25 – 11/28). Hat tip to reader Bockrr

    Offer at a glance

    • Maximum bonus amount: $200
    • Availability: CO and WY
    • Direct deposit required: Yes, $500+ within 90 days
    • Additional requirements: Use promo code
    • Hard/soft pull: Soft
    • ChexSystems: Yes. They are also sensitive
    • Credit card funding: Up to $3,000+
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None
    • US Citizen: Yes, must be a permanent citizen to open online
    • Expiration date: November 30, 2022

    The Offer

    Direct link to offer

    • Blue Federal Credit Union is offering a bonus of $200 (and a  BruMate Hopsulator Trio) when you open a new checking account and complete the following requirements:
      • Use promo code GOWB2022
      • Receive a direct deposit within 90 days of account opening (must be $500+ in aggregate)

    The Fine Print

    • Get Outside with Blue: Receive a BruMate Hopsulator Trio plus a $200 account deposit for qualifying new referred memberships.
    • New membership benefit eligible to members who have a minimum $500 aggregate direct deposit per month, credited in the first 90 days of membership and accounts must be maintained in good standing through the qualifying period.
    • Cannot have held a Blue membership within the previous 90 days.
    • New membership accounts will receive the $200 account deposit in the calendar month following the 90th day of membership. Member is responsible for any tax liability.
    • Offer ends November 30, 2022. Subject to change.
    • Offers may not be combined with other, same product offers. Limit one per social security number. BruMate Hopsulator Trio must be picked up in branch only.
    • Limited quantity, available while supplies last.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Basic checking account has no monthly fees.

    They have a  high interest accounts that qualify for this bonus as well:

    Early Account Termination Fee

    Unsure if there are any early account termination fees.

    Our Verdict

    Previously this was available nationwide, but looks like you need to open in branch now and branches are only in CO & WY. If anybody gets online opening to work let me know in the comments. Blue FCU is also exceptionally ChexSystems sensitive, ruling out the bonus for many.  The rule seems to be that if you’ve had more than three new accounts in the last 6 months you’ll be denied.

    Bonus itself is great if you meet the chexsystems requirements and we will add this to the best checking bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [KS & MO only] CommunityAmerica Credit Union $200 Checking Bonus – Doctor Of Credit

    [KS & MO only] CommunityAmerica Credit Union $200 Checking Bonus – Doctor Of Credit

    Update 11/11/23: Deal is back and valid until 12/10/2023.

    Update 7/4/22: Extended until 07/17/2022.

    Update 5/12/22: Deal is back, but now for $200 instead of $150.

    Offer at a glance

    • Maximum bonus amount: $150
    • Availability:  Must live, work or worship in select MO & KS counties:
      • MO: Clay, Jackson, Platte, St. Louis
      • KS:  Douglas, Jackson, Jefferson, Johnson, Leavenworth, Miamia, Shawnee, Wyandotte
    • Direct deposit required: Yes, $250+
    • Additional requirements: eStatements & provde e-mail address
    • Hard/soft pull: Hard pull
    • ChexSystems: Unknown
    • Credit card funding: At least $5,000
    • Monthly fees: None
    • Early account termination fee:
    • Household limit: None listed
    • Expiration date: October 31, 2020 December 31, 2020 6/30/2022

    The Offer

    Direct link to offer

    • CommunityAmerica Credit Union is offering a bonus of $200 when you open a new Chiefs checking account and complete the following requirements within 45 days of account opening:
      • Provide your email address.
      • Enroll in eStatements.
      • Set up a recurring monthly direct deposit of at least $250, not aggregated.

     

    The Fine Print

    • The direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits from your employer or the government. Person to person payments (such as Popmoney) are not considered a direct deposit.
    • Within 30 days of meeting qualification requirements, a $150 credit will be posted into the primary account owner’s membership savings account. The account must be open and in good standing at the time of payout to qualify for the credit.
    • Examples of ineligible accounts may include: delinquent accounts, accounts that have caused the credit union to experience a loss, accounts in which we suspect illegal activity, fraud, scam or financial exploitation, or accounts involved in legal or administrative proceedings.
    • Limit one $150 credit per account and per member. Offer subject to change without notice and cannot be combined with any other offer.
    • The credit may be reported as income on IRS Form 1099-MISC.
    • 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 don’t see any early account termination fee mentioned. Last time this bonus was offered the accounts need to stay open for six months otherwise bonus was forfeited.

    Our Verdict

    Not really worth considering due to the hard pull, previously we’ve seen the same bonus with no direct deposit requirement as well. Because of this we won’t add this to our best bank bonus page.

    Useful posts regarding bank bonuses:

    William Charles

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  • [CA only] BluPeak (Formerly USE Credit Union) $300 Checking Bonus – Doctor Of Credit

    [CA only] BluPeak (Formerly USE Credit Union) $300 Checking Bonus – Doctor Of Credit

    Update 10/23/23: New $300 bonus:

    • $100 after opening
    • another $200 after one direct deposit
    • New promo code is Purpose

    Should also be nationwide if you donate $5.00 to KPBS.

    Hat tip to SA

    Update 12/28/22: Now called BluPeak.

    Update 3/30/22: There is now a landing page for this offer, should be available to all rather than specific addresses now. Hat tip to redvwmicrobus

    Offer at a glance

    • Maximum bonus amount: $300
    • Availability: CA only. Everyone who lives, works, or worships in the California counties of Alameda, Sacramento, San Diego, Santa Clara, or Yolo.
    • Direct deposit required: Yes, $250+
    • Additional requirements: eStatements
    • Hard/soft pull: Soft pull (report of hard pull). Might be soft pull in branch and hard online
    • ChexSystems: Yes
    • Credit card funding: Up to $500
    • Monthly fees: None
    • Early account termination fee: $15, 90 days
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • USE Credit Union is offering a $300 checking bonus when you use the promo code NewMover. Bonus is broken down as follows:
      • $50 for opening a new checking account
      • $50 for setting up direct deposit of $250+ per month within 90 days of account opening
      • $100 for keeping account open six months (direct deposit must continue monthly)
      • $100 for keeping your account open one year (direct deposit must continue monthly)

     

    The Fine Print

    • Must be 18 years of age
    • Member must use code NewMover at account opening to receive this offer.
    • Bonus payments subject to tax
    • Must be a new USE Credit Union member and meet membership eligibility and account opening criteria
    • 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

    $15 fee if closed within 90 days of account opening according to the fee schedule.

    Our Verdict

    Previously the best bonus was a $100 referral bonus. Obviously this $300 bonus is much better but we don’t know if this is somehow targeted to specific addresses and mixed datapoints of hard/soft pull. Because of that we won’t be adding this to the best checking bonuses for now.

    Hat tip to Angela L

    Useful posts regarding bank bonuses:

    William Charles

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