Posted by William Charles on November 17, 2019
Bank Account Bonuses

Published on November 17th, 2019 | by William Charles


[Expired] [CA, In Branch only] Frontwave Credit Union $100 Checking Bonus

Deal has now ended. View the best current checking promotions by clicking here

Offer at a glance

  • Maximum bonus amount: $100
  • Availability:  In branch only, Escondido, Wildomar confirmed, possibly Twentynine Palms, Barstow, Camp Pendleton, San Diego, San Marcos, Temecula, Yucca Valley. Must also  Live, work or worship in either San Diego, Riverside or San Bernardino counties
  • Direct deposit required: Yes, $250+ within 60 days
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: None/cash advance in branch
  • Monthly fees: None
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None
  • Expiration date: December 31st, 2019

The Offer

No direct link to offer, offered in branch only

  • Frontwave Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
    • Sign up for eStatements
    • Have one or more direct deposits with a minimum of $250 made into new savings or checking account within 60 days of account opening

The Fine Print

  • Offer valid in branch for accounts opened between June 1, 2019 through Dec 31, 2019 only.
  • Checking offer is not available to existing members with a Frontwave Checking and/or Savings account. Limit one $100 offer per unique Social Security Number per 12-month period. Offer not available to those with fiduciary accounts or those whose accounts have been closed within 90 days with a negative balance. To receive $100 checking bonus, members must meet all of the requirements to include: 1) Open a new Frontwave Primary Checking with VISA Debit and Savings account, which is subject to approval; 2) Deposit a minimum of $100 into Checking account and deposit a minimum of $5 into Savings account upon account opening; 3) sign up for eStatements; AND 4) have one or more direct deposit(s) with a minimum of $250 made into new Savings or Checking account within 60 days of account opening.
  • Direct deposit(s) need to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or government.
  • After you have completed your direct deposit into the account, the $100 bonus will be deposited in Savings account as dividend adjustment within 90 days of account opening.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
  • Closed Account Fee: If the account does not remain open 6 months after account opening, the $100 will be charged against the account balance at time of closing.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There are no monthly fees on this account

Early Account Termination Fee

If the account is closed within six months the bonus is forfeit

Our Verdict

Worth doing if you live near a branch and have already done the bigger bonuses available.

Hat tip to reader Kent C

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Kyle ❤️

Will apply this week, thanks!

Kyle ❤️

I made it to the Escondido branch last night about 10 minutes before they closed. They were able to start the process of opening an account for me. They did run chex and were concerned about the amount of recent account openings so they had to send my application off for review. They told me if they were able to open my account then I would hear from them today. I just got off the phone with them and my account is open. I recently got my chex back and had about 10 inquiries.

Debit card funding is available. I asked what the limit was and she told me it had no limit but I don’t partake so I just did the minimum $105.

Kyle ❤️

They called to say my account would be shut down today. The man who called said bank churning is illegal and immoral. Doesn’t look like anyone else has been interested in this bank anyways but keep in mind if you are thinking about signing up later.

Duke I.
Duke I.

$100 isn’t worth a chex inquiry.

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