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[WI only] Educators Credit Union (ECU) $250 Checking Bonus – In Branch – Doctor Of Credit

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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

Direct link to 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.

Useful posts regarding bank bonuses:

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William Charles

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