Offer at a glance
- Maximum bonus amount:
- Availability: Membership is open to those who live and/or work in Monterey, San Benito, Santa Cruz, Santa Clara, or San Luis Obispo Counties in CA
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $25, 180 days
- Household limit: One
- Expiration date: None listed
Contents
The Offer
- Monterey Credit Union is offering a $225 checking bonus when you open a new account (MCU Live Full or Cash Back Checking Account) and complete the following requirements:
- enroll in MCU’s Online Banking, E-statement, and mobile deposit services.
The Fine Print
- $225 offer available to current and new members of MCU who have not had an MCU Checking Account during the previous 12 months.
- To receive $225, member must open an MCU Live Full or Cash Back Checking Account and enroll in MCU’s Online Banking, E-statement, and mobile deposit services.
- The $225 incentive check can be redeemed only by mobile deposit to the member’s Live Full or Cash Back Checking Account
- . One incentive per household, determined by residence address.
- Not available on business accounts or to households that have previously received an incentive to open an MCU Checking Account. MCU employees and their spouses are not eligible.
- Limited time offer; subject to change or cancellation without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Both accounts have no monthly fees.
Early Account Termination Fee
There is a $25 fee if the account is closed within 180 days of account opening
Our Verdict
Seems to be worth doing if you’re in an eligible area as there is no direct deposit required.
Hat tip to reader snailrock
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- 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
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- 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?
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