Posted by William Charles on October 24, 2018
Bank Account Bonuses

Published on October 24th, 2018 | by William Charles


[CA Only] $175 Southland Credit Union Checking Bonus

Offer at a glance

The Offer

Direct link to offer

  • Earn up to $175 by completing the following requirements:
    • $50: Open a Cash Rewards Checking account and receive a direct deposit or Southland ePay
    • $10 per month for the first year: Make ten debit card purchases per month and use ePay once per month
    • $5 per year: Opt out of paper statements

The Fine Print

  • Must be a new Southland Credit Union checking account member (although they can convert their existing accounts to Cash Rewards and receive the debit card and paper statement bonus)
  • Direct deposit/ePay bonus will be deposited at the end of the month in which the first direct deposit or payment is made
  • Limited to one promotion per account
  • Offer is subject to change at any time
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fee $5

There is a $5 monthly fee, this is waived with Direct Deposit or Use of Bill Pay every month.

Membership Fee $15

This is waived if you open the account with an initial deposit of $25 or more. You also need to work for one of the participating employers or live, work, worship or attend school in the following areas: Orange County, Artesia, Bellflower, Brentwood, Cerritos, Culver City, Downey, Downtown & West Los Angeles, Hawaiian Gardens, La Habra Heights, La Mirada, Lakewood, Long Beach, Marina Del Ray, Mar Vista, Norwalk, Pacific Palisades, Paramount, Santa Fe Springs, Santa Monica, Signal Hill, Venice. You can also join if you have an immediate family member who is already a member.

Click here to see if you’re eligible.

southland credit union membership fee

Cash Rewards Checking $0 Monthly Fees

There are no monthly fees associated with the cash rewards checking account.

southland credit union monthly fee

Early Account Termination Fee

As far as we could see there is no early account termination fee, you’d want to keep this account open for at least a year to get the full rewards anyway. Just keep in mind there is an inactivity fee of $7.5 per quarter if you have less than $1,000 in deposits and the account isn’t used (important to note if you plan on keeping the account open for the annual $5 bonus).

Our Verdict

I don’t like the fact that it requires a year of constant attention to receive the full $175 bonus as well. I’d much prefer an account that pays out slightly less, but pays it out in one lump sum. We haven’t added this to our best bank bonuses due to the unknown of hard/soft pull.


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If you’re brave enough to live in Hawaiian Gardens (deceptively named), you should get a $25 bonus.




Keeping the account active won’t be hard for a year if you’re already going for the other yearly requirements (i.e. debit card payments). Not too bad. But i’ll wait on the hard pull info.

Also, $125 max in credit card funding for all accounts you open up, in total. Visa/MC only.


William Charles The direct offer link says that the account has a monthly fee of $5. Also, the fee schedule link is broken. I wonder if Amazon reloads will satisfy the debit card use?

Barry Egan's Pudding
Barry Egan's Pudding

From the T&C: “$5 Monthly Service Charge (Waived for Members with Direct Deposit or Use of Bill Pay every month)”

So I’m assuming “Bill Pay” and “ePay” are the same thing, in which case you’re using ePay monthly to get the bonus anyway so the service charge is moot.


Opened an account at the Downey branch omw to Portos. Experian soft pull and was offered a car loan. I have lots of chex inquiries but the banker didn’t mention it or seem to care.


DP: CC funding is $125 max; fund with CNB posted as purchase


Opened on-line,or in-branch?



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