[Expired] [CA only] Sacramento Credit Union $100 Checking Bonus

This bonus has expired, you can view the best bank bonuses here. Or click here to see if there is a new OneWest bonus.

Offer at a glance

Maximum bonus amount: $100
Availability: Any and all persons who live or regularly work in El Dorado, Placer, Sacramento, Solano, Sutter, Yolo and Yuba Counties, California, as well as any and all businesses, corporations, and/or other legal entities in the aforementioned counties
Direct deposit required: Yes, no minimum specified
Additional requirements: None
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Yes, up to $500
Monthly fees: None
Early account termination fee:
Expiration date: ~~January 20th, 2017~~ May 12th, 2017
Household limit: None mentioned

Contents

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

The Offer

Direct link to offer

Open a new Sacramento Credit Union checking account and receive a bonus of $100 when you receive a direct deposit within 60 days of account opening.

The Fine Print

Offer expires January 20, 2017. Checking account opened must be qualified for based upon standard Sacramento Credit Union guidelines.
Existing Sacramento Credit Union checking account holders are ineligible for the $100 bonus.
Direct deposit must post to new checking account by day 60 after account opening.
$100 bonus will be deposited into the new free checking account on the first business day after 60 days of the account opening.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Their accounts have no monthly fees. You do need to pay a $5 fee to join though.

Our Verdict

Not a bad deal as there is no monthly fee or hard pull to worry about. It’s only a $100 bonus though and direct deposit is required so it’s not the world’s greatest deal. Could still be interesting for those in the targeted area though. We’ve added it our best bank bonuses.

Useful posts regarding bank bonuses:

Name*

Website

I agree to follow the comment rules

The comment form collects your name, email and content to allow us keep track of the comments placed on the website.

22 Comments

newest

oldest most voted

EW (@guest_616892)

July 14, 2018 12:01

#616892

Bonus is back and it’s now $150. Offer is on their homepage.

Vic (@guest_404123)

May 9, 2017 18:13

#404123

Applied on 1/18/17, met requirements, called to inquire on 4/20 about no bonus posted.

Rep said she will submit ticket to manually post the bonus.

Still nothing as of today, 5/9/17.

kirk (@guest_620444)

July 23, 2018 05:29

#620444

Vic

did you ever get your bonus from this CU? also, was it an instant approval during app? tia!

Jim (@guest_400629)

May 3, 2017 19:23

#400629

Better check again on your reports Re: hard pull. Email from them today:

Hello!

I am so sorry for the late response.

When opening a checking account, there will be a hard pull on your credit report.

Please let me know if you have any further questions.

Thank you!

Jessica Kiloh
FSO
Sacramento Credit Union
P: (916) 444-6070 x3602
[email protected]
sactocu.org

Author

William Charles(@will)

May 4, 2017 00:18

#400848

Jim

If anybody actually gets a hard pull, let us know. Reps arent’ always the most reliable.

Joel (@guest_394048)

April 22, 2017 20:54

#394048

I signed up online for this account earlier this week. It was not immediately approved online, and I was instead asked to bring a photo ID and proof of address to one of their local branches. When I got to the local branch, they asked about me being a former customer (I had an account for ~2 years that was closed over 2 years ago). I’m pretty sure that because I was a former customer, there was something in their system required an in-bank visit.

While in the bank, the representative asked me to fund the account while I was there. She claimed that the credit card information I had filled out online would not work any longer. Of course, I tried to do $500 in credit card funding from my Chase Sapphire Preferred that has a $100 cash advance limit. It got denied in-person. I told her I didn’t have any way to fund the account in-person at the moment and asked if she could try the information I had input online. She decided that this time she could try and even made a comment about it being the same card. However, the transaction went through and I went on my way. That was on 4/20. I’m now waiting to ensure that the $500 posts correctly to the credit card as a purchase (as opposed to cash advance). However, I did notice that it currently shows up as three transactions: $5 application fee, $25 savings funding, and $470 checking funding (for a total of $500). I’m hoping there’s no issues with Chase considering it a credit card purchase.

I’m still deciding if it is going to be worthwhile for my wife to open an account for the $100…

Curmudgeon (@guest_372804)

March 19, 2017 05:05

#372804

Promo has been extended to 5/12/17

https://www.sactocu.org/goodbye-fees-hello-cash.html

March 19, 2017 17:59

#373028

Curmudgeon

Thanks 🙂

Dan (@guest_341902)

January 20, 2017 17:46

#341902

I went into the branch and spoke with the Branch Mgr. I was told it is a “hard” pull. Also, he said the Direct Deposits must be payroll-type deposit (can’t be ACH transfer from another bank/CU). I decided to pass on this one.

January 31, 2017 23:00

#346919

Dan

Vic didn’t get a hard pull, so you should be OK.

Vic (@guest_347332)

February 1, 2017 16:30

#347332

William Charles

Yes, I can confirm NO hard pull was done (checked 2 weeks after account opening.)

Also Will, a clarification:

The $5 fee is for joining the CU membership, not for credit card funding

$5 Fee language can be found here
https://www.sactocu.org/about-us/about-us/membership.html

Screenshot of said page
http://imgur.com/eBuzPhA

February 1, 2017 19:43

#347418

Updated post, thanks Vic!

Vic (@guest_340718)

January 18, 2017 15:35

#340718

I applied and was approved.

– Didn’t see any hard pull
– Can CC fund up to $500 (including $5 fee, so you can only enter up to $495)

lingua (@guest_340956)

January 19, 2017 03:38

#340956

Vic, you located in the “eligible region”?

Vic (@guest_340957)

January 19, 2017 03:39

#340957

lingua

Yes I am. I live in one of the county that’s eligible.

nnapper (@guest_341218)

January 19, 2017 14:59

#341218

i just got approved with $500 CC funding. any DP on DD? thanks.

Luke Bornheimer (@guest_339756)

January 16, 2017 18:43

#339756

Also inquired with Sacramento Credit Union regarding the “soft or hard inquiry” question. Will report back when they respond.

#339757

Luke Bornheimer

Thanks

Luke Bornheimer (@guest_340717)

January 18, 2017 15:30

#340717

A banker from Sacramento Credit Union just called and said she’s pretty sure it’s a soft pull; She also confirmed that the bonus is only eligible for people in certain counties/regions near Sacramento (the ones you had listed). Wasn’t able to get details on funding options 🙁

anthonyjh21 (@guest_339742)

January 16, 2017 18:29

#339742

I live in Solano County. I sent an email and I’m hoping they’re able to provide some answers. I’m not willing to be the guinea pig on a $100 bank bonus when we don’t know if they do a hard pull. Will update if they respond.