Posted by William Charles on July 25, 2016
Checking Accounts

Published on July 25th, 2016 | by William Charles

441

[Expired] [CA only] $150 Tech CU Checking Promotion

This bonus has expired and is no longer available. Click here for current Tech CU promotions or here for the best checking promotions.

Update: Offer now restricted to Californian residents

Extended till August.

Update: Tech CU have added the following fine print to the offer:

Maximum total credit $150. Credits are posted to Tech CU savings account as of the end of the month in which the verified qualifying transaction occurs, but will not count toward the balance available for withdrawal until nine months after account opening. If account is closed within nine months of opening, credit posted under this offer and any dividends accrued thereon will be forfeited.

Basically you need to keep the account open for a minimum of six months now. Not sure when the new terms came in, but they were there on the 15th of January at the very latest. Given their is no monthly account fee, it’s not really a big deal.

[Originally posted on 9/16/14. We’re reposting today, 1/1/16 since the expiration date got extended until 7/31/16. It’s been confirmed to be a soft inquiry and $1k in credit card funding, plus easy direct deposit requirements. We’ve updated the credit card funding and direct deposit data points as well.]

Offer at a glance

  • Maximum bonus amount: $150
  • Availability:
    • Offer now restricted to Californian residents
    • Anybody can become a member if they join Financial Fitness Association first ($8 fee). Or sign up directly if you live, work, worship, or attend school in Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz, or San Francisco Counties or are an employee of their tech CU member companies or are related to or live with existing member
  • Direct deposit required: $500+, recurring, see what counts here
  • Additional requirements: Online bill payment
  • Hard/soft pull: Soft
  • Credit card funding: Up to $125, Visa/MC/Amex/Discover
  • Monthly fees: None
  • Early account termination fee: Nine months, bonus forfeited
  • Expiration date: December 31st, 2015 July 31, 2016 August 17th, 2017 December 31st, 2017 March 31st, 2018

Contents

The Offer

Direct link to offer

  • Receive a sign up bonus of $150 when you open a Tech CU checking account, with promo code: moveon. The bonus is broken down as follows:
    • $100 for establishing a recurring direct deposit of at least $500
    • $50 for performing three Tech CU online bill payments or other automated Tech CU payment

techcu 150 promo

The Fine Print

  • Requirements must be completed within 90 days of account opening
  • Bonus will post at the end of the month in which the requirements were meet
  • Offer valid only for new-to-Tech CU personal checking accounts. Not available on UTMA, HSA, IRA or business accounts
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Their basic checking account doesn’t come with any monthly fees. I wasn’t able to find any mention of an early account termination fee in their fee schedule. But given there is no monthly maintenance fee, it’s probably a good idea to keep it open at least six months.

They have added fine print to the bonus that says the bonus is not available for withdrawal for six nine months.

Our Verdict

We don’t really have enough information to know whether this is a good deal or not, if it’s soft pull and can be funded with a credit card than yes, but if it’s a hard pull forget about it. If anybody has any experience with this bank, please let us know in the comments below.

Update: It’s been confirmed in the comments that it’s a soft pull and that it can be funded with a credit card up to $1,000, even with Amex (now only $125 and no amex). The direct deposit requirement also seems like an easy one. Since this in nationally available, it should be a popular bonus.

Direct link to offer



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Josh

2nd time in as many days that I tipped you on something but you didnt HT. Im happy to provide info for you to disseminate to others, I would just appreciate a thank you.

Jay
Jay

Do you know up to how much you can fund with CC?

mike
mike

Proof? not hating, but just curious 🙂

Josh

https://twitter.com/ondemand_guy/status/643803803737702400

And unless he lives in CA, I bet he didnt see the commercial that I saw during the 49ers game

Dan
Dan

Get off your high horse and chill out. Knowledge of bank account bonuses isn’t some sort of intellectual property that others need to credit you for. Not surprised though, your gun control position is that of a degenerate

Ken
Ken

How did you make the leap to gun control? Not sure what that has to do with this blog…

Raul
Raul

Lol

star
star

I wonder if this is related to First Tech CU? I just signed up last week and it also required financial fitness membership. This one I can actually qualify for without that since I’m in the Bay Area, but my credit report is a war zone of hard inquiries so I don’t think I’ll go first… 😉

jay
jay

emailed them. They were fast in replying back. Its a chexsystem inquiry. They also proactively alerted me about the promotion and requirements to meet for the $150 bonus. I think I might go for this if one of band DD counts for them.

happyfeet
happyfeet

I saw that Tech CU allows CC funding for up to $1,000. Does anyone know if the CC, like Chase or Barclays, will count it as CA?

star
star

Just set your CA limit to $0 for Citi or $20 for Chase and it should be fine.

zjts
zjts

I’d like to use Alliant VISA . Alliant does not allow reuding the CA limit. So does anyone knw if, in general, this counts as a CA?

chasinthetiger
chasinthetiger

Maximum funding amount is $1,000 and you can use Visa, MC, AMEX, or Discover.

Adam
Adam

Can I pay off the same CC with a bill pay to earn the $50 bonus?

Julien
Julien

Looks like they have gotten rid of the Amex funding option.

star
star

Apparently there are referral links!

From the FAQ:
“Simply go to this link and refer your friend to Tech CU. If your friend opens up a checking account, you’ll receive $50 and they’ll receive $100.*”

Douglas
Douglas

Is that on top of the $150? If so, then I smell a conga line.

GLT
GLT

Requires a different promo code so will not stack.

Sam Smith

I just e-mailed them to ask if ACH counts as direct deposit. Will await their reply.

Someone else should ask about the credit card funding, whether it’s cash advance or not.

Daniel
Daniel

Wtf? Unbelievable!

info
info

I seriously hope your trolling,…

Ken
Ken

You’d be surprised how incredibly clueless and common sense-lacking people are. Not just some people, LOTS of people. And these people sincerely mean no harm, but they don’t realize the harm they could do.

anthonyjh21
anthonyjh21

I completely agree. You could argue that those lacking common sense are more dangerous than those who are aware and doing it maliciously. Just look at idiot drivers in the rain. At least the guy with a drivers license for 20 years knows he’s driving stupid and *may* act safely in certain circumstances. If I had to be near him or a 17 year old who hasn’t seen rain in California since he got his license, it’s a no brainer I’d avoid the 17 year old. People without common sense are extremely dangerous.

I had someone on DoC argue with me over contacting support being common sense or if it’s a newbie thing. You’ll never get me to agree that calling support and asking about circumstances not stated in the terms (when looking for loopholes to exploit) is just a newbie thing. No, it’s lacking common sense. It just requires people to think (and perhaps perform a few seconds of work). I’d like to think it’s more a matter of laziness and not an inherent inability to comprehend on a fairly basic level.

Douglas
Douglas

Called in, they said it’s chexsystems and soft inquiry, but no hard inquiry. Also said a savings account is needed for becoming a member. $25 must be deposited in the savings and kept there at all times.

JOHNJON
JOHNJON

has anyone confirmed how much you can fund with cc????

Jason
Jason

Just signed up. Limit is $1,000. For credit card funding.

Douglas
Douglas

Did it post as a purchase? Mind giving a data point on what card you used?

Miles Hustler
Miles Hustler

Did it result in a hard credit pull?

Eric
Eric

Did they allow Amex or only MC & Visa?

Douglas
Douglas

I want to say it wasn’t just visa and mc but I could be wrong. They are also trying to make this as easy as possible. Bill pay shows credit cards as an option. Can fund with credit card for $1000 and use bill pay to pay it right back, though you probably don’t want a closed loop.

Cody
Cody

Just attempted to fund with a credit card today, currently limited to $125 per account for savings and checking.

David_07259
David_07259

Me too—$125 max. Easily opened though, and there are several orgs in the member list that are free.

David_07259
David_07259

Oh, and I was just called by CS to verify that I was “an employee” of the organization I chose. I told him that it didn’t explicitly say I had to be employed, but could be a member of an organization. He accepted this and moved on. I didn’t use the association listed above, so I don’t know if this will be problematic for anyone else.

David
David

Update: These people audited my account and despite the fact that I joined one of the organizations clearly listed in their drop-down menu, because I don’t work for them my account was rejected and closed.

Be aware before you waste time.

Don L

PNC worked as a DD. I can confirm Soft Inquiry

Miles Hustler
Miles Hustler

Thanks, Don

Austin
Austin

+ Used AmEx EveryDay CC to fund the initial 1k (no CA).
+ Used Ally external transfer (ACH) for DD
+ Used a Bill Pay to pay $51 toward a credit card.

Received $100 + $50 bonus deposits within a week of the requirements posting. 10/10 would do again.

Eric
Eric

This seems like one of the easiest promos in a long time. I’m surprised they take Amex. Do they actually charge $1008 to account for the $8 fee to join the Association?

Kody
Kody

For some reason on the application I do not see American Express as an option for the credit cards. Am I missing something? Should I try to find it over the phone rather than online?

Chuck

Many are reporting this. I guess they pulled the Amex funding option. Will update.

Kody
Kody

Great. Will shift to another card.m

Douglas
Douglas

Setup Alliant as external and test deposit triggered $50 bonus. Will pay credit card for bill pay and collect rest.

Douglas
Douglas

Sorry, wrote that wrong. Will transfer $500 from Alliant to trigger $100 and then ACH right back out.

M. Smith
M. Smith

I used my Citi Double Cash card to fund with $1000. Posted as purchase! Waiting for it to clear in the CU account so that I can bill pay it back out. Anyone know the routing number for this bank?

jay
jay

Are you forced to use CC in your name for funding? Trying to meet someones minimum spending meet.

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