Offer at a glance
- Maximum bonus amount: $200
- Availability: CA, Might be nationwide via ACC
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Can fund up to $500 with a credit card, Visa or Mastercard only
- Monthly fees: None
- Early account termination fee: $5, 90 days
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Safe 1 Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Use promo code SAFE1!
- Open a regular share savings account with a deposit of at least $5
- open a new checking account with recurring direct deposit of $500 or more per month OR at least 10 debit card transactions within 60 days of account opening, and enroll in eDocuments
The Fine Print
- To qualify, you must have or open a regular share savings account with a minimum initial deposit of $5.00, be eligible to open a Safe 1 checking account, open a new checking account with recurring direct deposit of $500 or more per month OR at least 10 debit card transactions within 60 days of account opening, and enroll in eDocuments.
- Qualified members will have $200 deposited to their share savings account within sixty (60) days after account opening.
- Deposit will be posted as a dividend and will be reported to the IRS on a 1099 form.
- Federal, state, and local taxes may apply and are the sole responsibility of the bonus recipient. Fees apply for non-sufficient funds.
- Dividends paid using average daily balance method which applies a periodic rate to the average daily balance in the account for the period. Other restrictions apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
$5.00 if closed within 90 days
Our Verdict
Worth doing as it’s a soft pull and no direct deposit requirement. Added to best bank bonus page.
Hat tip to ShawntheShawn
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
