Update 11/29/23: Deal is back and valid until 12/1/23. Hat tip to reader Bockrr
Offer at a glance
- Maximum bonus amount: $200
- Availability: Membership is open to anyone who lives or works in Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington and Waukesha Counties.
- Direct deposit required: Yes, $200+
- Additional requirements: 15 debit card transactions
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown, unlikely due to in branch opening
- Monthly fees: None
- Early account termination fee: $20, 90 days
- Household limit: None listed
- Expiration date: November 30th, 2018
The Offer
- Educators Credit Union is offering a bonus of $200 when you open a new checking account at Janesville, Milton or Beloit Branches and complete the following requirements:
- Set up a direct deposit of $200 or more.
The Fine Print
- Checking account must have direct deposit. Direct deposit is defined as a payroll, social security, pension, or other deposit from a credible external source. It is not an Automated Clearing House (ACH) deposit or transfer from another account.
- Active card used is defined as 15 transactions per month on your Educators debit card or $500 or more in purchases on your Educators credit card from the card opening date through Nov. 30.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking
Early Account Termination Fee
There is an early account termination fee of $20 if the account is closed within the first 90 days according to their fee schedule
Our Verdict
Better than the previous $100 bonus they have offered. Obviously severely location restricted unfortunately. Should be worth doing if you live near a branch, but we still need to know if it’s a hard or soft pull (should be able to ask in branch before opening). As always please share your experiences in the comments below.
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