Offer at a glance
- Maximum bonus amount: $200
- Availability: Alabama and Georgia, possibly Albany and Leesburg county according to the URL?
- Direct deposit required: Yes, $750+ within 60 days
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: Unknown
- Expiration date: None listed
Contents
The Offer
- Five Star Credit Union is offering a $200 bonus when you complete the following requirements:
- Open a new checking account online with a minimum $25 opening deposit
- Establish membership with a $5 share savings account
- Receive at least $750 in qualifying direct deposits per month within the first 60 days of account opening
- Complete at least 10 debit card transactions per month within the same 60-day period (transactions must post)
- Enroll in and access online or mobile banking
- Enroll in eStatements
The Fine Print
- The $25 opening deposit is required to open the checking account but is not required to be maintained.
- Qualifying direct deposits include recurring electronic deposits such as payroll, pension, or government benefits. Person-to-person transfers (e.g., Zelle®, Venmo®), transfers between accounts, and deposits made at a branch or ATM may not qualify.
- All requirements must be completed within 60 days of account opening.
- The $200 bonus will be deposited into the qualifying account within 30 days after all requirements have been met.
- Account must be open and in good standing at the time of bonus payout.
- Limit one bonus per member.
- Offer subject to change or termination without notice.
- Membership eligibility required.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking has no monthly fees to worry about.
Early Account Termination Fee
I couldn’t find any mention of any EATF in the fee schedule.
Our Verdict
Please share your experiences in the comments below. Will add it to our best bank bonus page once we have more information.
Hat tip to reader Chan
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times
