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Offer at a glance
- Maximum bonus amount: $250
- Availability: Pima County, AZ residents only
- Direct deposit required: Yes, $500+
- Additional requirements: None
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Up to $5,000? (Visa/Mastercard only)
- Monthly fees: None
- Early account termination fee: $10, 90 days
- Household limit: None listed
- Expiration date: July 31st, 2017
The Offer
- Open a new TruWest checking account and receive $500 in aggregate direct deposits within 60 days of account opening and receive a $250 checking bonus
- You’re also entered to win $2,500
The Fine Print
- Offer valid from May 15, 2017 to July 31, 2017, for Pima County residents and subject to change without notice.
- Must be a TruWest member with a minimum of $5 deposit for $250.
- Must have a TruWest checking account with $500 aggregate in direct deposits effective within 60 days after opening account.
- $250 will be deposited into new member’s checking account after first direct deposit, within 60 days of account opening.
- If member does not have an initiated direct deposit within 60 days of account opening, member is ineligible for the Promotion.TruWest membership not required for entries.
- No purchase necessary.
- Must be 18 years of age and a U.S. resident to participate.
- Promotion period 5/15/17 through 7/31/17.
- Contact the credit union at (855) 878-9378 or write to us at TruWest Credit Union, “Pima County New Member Giveaway”, PO Box 3489, Scottsdale, AZ 85271 to obtain a complete copy of the official rules for this promotion.
- Click here for complete terms and conditions.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Their choice checking account does not have any monthly fees to worry about. There is a $10 early account termination fee if the account is closed within 90 days of account opening.
Our Verdict
Hard pull makes this bonus unattractive, but it might still be worth considering if you can still fund it up to $5,000 and that codes as a purchase instead of a cash advance (using a 2% card would net you another $100 tax free). In my opinion getting a hard pull for $100 tax free and $250 taxed is worth it. Shame that the $250 bonus is so geographically restricted. We will be adding this to our list of the best checking bonuses.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
Can still confirm to this date, $5,000 is able to be funded via Visa or Mastercard which can be split between the TruWest Savings and Checking account with a $5 minimum required for the savings account. I had received instant approval online, but was denied the next business day when my application was manually reviewed. The reason for the denial was due to “information contained in my Chexsystems” in the application page, but when I received my Chex report no bad remarks were on there. I concluded that the 8 Chex inquiries I received in the last year were most likely the reason for denial. They also do pull your credit report via Experian once you submit your application, though I was not denied due to that with 7 inquiries in the last year.
There is a $100 bonus + $25 Amazon Gift Card available for December: https://truwest.org/otg100/
The account is age restricted (18-29 yrs). Unfortunately doesn’t stack with their referral bonus: https://truwest.org/member-referral/
FYI, can’t fund with Amex–only Visa and Mastercard.
Thanks, added this
Vanguard distribution on 6-29-17 triggered my bonus. Bonus received 7-6-17
Barclaycard arrival+ used for funding, posted as purchase. Only visa or mc accepted for funding.
can someone please confirm about the credit card funding status still valid?
thanks!
Yes, but not sure if all majors are accepted. You enter the card number and it populates the type. I used Visa. $4995 checking and $5 typical CU membership savings. Didn’t think to enter other card numbers to test funding options before continuing.
Experian pull right away. 🙁
How do you figure that using a 2% card would net an additional $250 tax free? 2% of $5,000 is $100.
I was thinking 5% for some reason, fixed now. Also I am not very smart.
Incorrect Will – You are very smart 🙂
I am a certified smartness evaluator.
Why thank you, seems like a tough job!
Case in point, a very astute comment 🙂