Ascend Federal Credit Union $100 Checking Bonus Hendersonville, TN Branch Only (No Direct Deposit Required)

Offer at a glance

Maximum bonus amount: $100
Availability: Hendersonville, TN Branch Only
Direct deposit required: No
Additional requirements: 10 debit card transactions
Hard/soft pull: Hard
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $3
Early account termination fee: $15, 60 days
Expiration date: December 31st, 2016

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct link to offer

Receive a bonus of up to $100 when you open a new Ascend Federal Credit Union checking account at their new Hendersonville branch. Bonus is broken down as follows:
- $50 for simply opening the account
- $50 for completing 10 debit card purchases

The Fine Print

Ascend Federal Credit Union (Ascend) will award one (1) $50 deposit to any new member who opens a checking account and an additional one (1) $50 deposit after 10 debit card purchases have been completed, within the promotional period
Offer rewards will be awarded within thirty (30) business days of the end of the promotion period via direct deposit into the eligible checking account
Members who have opened and closed an Ascend checking account within the previous 12 months are not eligible for this offer.
Prospective members must establish membership and open a checking account at Ascend’s Hendersonville financial center.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Fee schedule found here.

There is a $15 early account termination fee if closed within 60 days of account opening. There is a $3 monthly fee that is waived if you meet any of the following requirements:

Maintain an average monthly balance of at least $100 in a savings or checking account
Have a Preferred checking account; have a Share certificate
Bave an active non-delinquent loan (including credit cards)
Gave a Money Market account with a balance of at least $2,500
If you are 18 years of age or younger

It’s not clear if the checking account also has a monthly fee or not.

Our Verdict

Update: Definitely not worth doing now that we know it’s a hard pull to open. You can view checking bonuses we do think are worth completing here.

Bonus requirements are pretty easy, but I find the fee schedule a little confusing to be honest. If you live close to the branch it’s probably worth going in and finding out if it’s a soft pull and what all the fees are, if you do that then please let the rest of us know in the comments as well.

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