Posted by William Charles on March 26, 2017
Bank Account Bonuses

Published on March 26th, 2017 | by William Charles

64

[Expired] [CA & TX only] Premier America Credit Union $100 Referral Bonus For Both Parties – Direct Deposit Not Required

This bonus has expired and is no longer available. Click here for a list of the best banking bonuses.

Offer at a glance

  • Maximum bonus amount: $100 for both parties
  • Availability: Locations in California & Texas [Branch locator]. In branch only (maybe not)
  • Direct deposit required: Optional, $100+
  • Additional requirements: 3 debit card transactions per month for 90 days
  • Hard/soft pull: Soft (make sure you opt out of overdraft protection)
  • ChexSystems: Unknown
  • Credit card funding: Yes, varies by product (at least $500)
  • Monthly fees: $0+
  • Early account termination fee: None
  • Household limit:  None mentioned
  • Expiration date: None mentioned

The Offer

Direct link to offer

  • Premier America Credit Union is currently offering a $100 referral bonus for parties when the person opening a new checking account completes ONE the following requirements:
    • Enrolls in monthly direct deposit of $100 or more OR
    • Makes at least three monetary debit card transactions per month for the first 90 days
  • This is the referral form that needs to be completed

premier $100

The Fine Print

  • Referring member and new member earn $100 each when the new member opens a checking account and enrolls in monthly direct deposit of $100 or more; or makes at least three monetary debit card transactions per month for the first 90 days.
  • $100 will be paid after 90 days if the checking accounts remain open and in good standing.
  • Offer is subject to change or end without notice.
  • New members and accounts are subject to approval.
  • Existing members who open checking accounts are not eligible.
  • Premier America reserves the right to disqualify any referral in circumstances where we reasonably believe they are not made in good faith.
  • $100 incentive will be reported as dividend income.
  • Other restrictions may apply and must be 16 years or older to qualify.
  • An initial deposit of $5 in a share savings or $250 in a business savings account is required to join Premier America. ederally Insured by NCUA.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

The easiest account to keep fee free is the totally free checking account, as it doesn’t have a monthly fee. I wasn’t able to find an early account termination fee in their fee schedule.

Referrals

Reader Shawn signed up for the account with no bonus so he could refer people. E-mail him to get more information: shawnpettit@hotmail.com.

Our Verdict

This bonus is significantly better than I first thought as a direct deposit is not required and it’s a soft pull to open. Even better if you can refer some friends & family members as well. This will be added to our best checking bonus page.

Useful posts regarding bank bonuses:



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eclipsor
eclipsor

Anyone wanna refer me? funny thing is I actually literally worked there for 2 weeks at one point ahaha

eclipsor
eclipsor

thanks! btw do you have a lot of recent chex inquiries? not sure how sensitive they’ll be

Shawn
Shawn

I had 14 new checking accounts last year, and 1 this year. We will see, I need to mail in sig card and it will be finalized. I may be jumping the gun by giving out my member number already (although the account does show a balance)

shawn
shawn

Realized you need more information than just my member number. To anyone interested – email me at shawnpettit@hotmail.com

MoreSun
MoreSun

I’d consider giving it a shot too if someone has a referral.

CM

This is not CA && TX, it’s LA and Houston only. 🙁

Chris
Chris

You have to open the account in-branch for the offer? DoC, might want to put that in the post if that’s the case. Here’s the membership requirements. It looks like anyone can join by signing up for an Alliance for the Arts membership. Of course, if you still have to open in-branch, that’s still limiting. I’m in Riverside, CA. Might drive to a branch for this if we can get some more info (like whether it’s a hard pull).

cm

Oh, nice, thanks, Chris — totally missed Alliance for the Arts option, just saw the limited geo qualifier. They even have Shared Branch, so, I’d be interested in this one.

Any fee for joining Alliance for the Arts? Any HP or CC funding?

App mentions that “The total maximum funding for all your selected accounts must be less than or equal to $25,105.00.” 🙂 Would work for me!

Anyone has referrals?

lingua
lingua

Also will be needing a referral, or will sign up myself since I’m close to a branch but am waiting on a new card to arrive soon for spend through funding.

On a side note, how does one add an avatar to our names on this site?

shawn
shawn

Went through the sign up process in hopes of sharing my member number here, and on the final page was given this:

“I certify the accuracy of the above information and authorize Equifax Secure, Inc. to access my credit file to authenticate my identity and facilitate the processing of this application for this Premier America Credit Union account only. I understand that I may be asked questions based on the information in my credit file as part of this process. I also understand that Premier America Credit Union may review my credit history and past banking relationships before accepting this account.”

I’m assuming this means a hard pull? I did not proceed with submittal.

Chris
Chris

I don’t know about that. I think I’ve seen similar language on other bank account applications that were confirmed soft pulls. They *are* accessing your credit report, but if they tell the bureau it’s not for an offer of credit it’s a soft pull. But unfortunately I think the only way to find out whether it is hard or soft is for someone to take the plunge and check their credit report afterwards.

Abhijit Mitra
Abhijit Mitra

hi, can anybody refer me to open a new account?

Abhijit Mitra
Abhijit Mitra

thanks Shawn. It also asks other info. like name, address, phone no. etc..

shawn
shawn

Ah oops. To anyone interested, please email me at shawnpettit@hotmail.com

MontyFC
MontyFC

I just signed-up online. If anyone needs referral please email jerry.projects@gmail.com.

CC funding is available online. Each product has different min and max. I signed-up using 500 each for checking and savings. Doesn’t show up as CA on my CSP. If you add additional products, I assume you can fund them as well.

No HP yet on my credit karma. Doesn’t look like Chex sensitive as I have 6-7 accounts in last 6 months.

Would appreciate if others can use my referral.

MontyFC
MontyFC

Few other things:
– Remember to opt-out of overdraft. It is selected by default
– When opening online, they may ask to send a signed document confirming membership of Alliance for the Arts
– The Chex verification questions were pretty straight forward (some of the recent bonuses shared on this site had much more tricky questions)

@William Charles
I see that Shawn has also signed-up for this offer online. Do you mind adding my email as well to the post, so that I can also refer folks (I signed-up online to provide a DP, so no sign-up bonus for me).

cm

Are you saying that each product has a maximum funding?

Wait, so, where are you supposed to get a signed document w.r.t. Arts? Doesn’t the app say that you can join this org as part of the app? (Besides, a Google reveals that there may be a whole bunch of orgs with a name like that, which one they want?)

MontyFC
MontyFC

When I went through the process, I had selected 1 checking and 1 saving account. When it came to funding page, the table listed both accounts with min and max funding allowed. The total funding cannot be more than 25K (or something as quoted above). Both checking and saving had max funding of 500, for a total of 1000.

I selected employer as “Alliance for the Arts” (available in the picklist on the qualification page) and location as CA (my current State). After completing the process, it gave me link to download 2 forms – one for Arts membership and another for signature card, which have to be mailed to a provided address.

Does that answer your question?

cm

Thanks! So, what does the Arts form is about? Does it require a fee? Is there any more identifying information about which of the “Alliance for the Arts” orgs is it?

eclipsor
eclipsor

they probably don’t but do you know if they said they Amex was okay for funding?

MontyFC
MontyFC

@eclipsor

No AMEX option when I opened it online.

MontyFC
MontyFC

I see only 1 entry for AftA. Are you seeing multiple entries here – https://apply.premieramerica.com/index.cfm?Action=home.wizDisplay. The form I received highlights it as “Alliance for the Arts, the official non-profit fundraising arm of the Thousand Oaks Civic Center Arts Plaza.

I think there is a $5 membership fee (not sure about the amount though). I haven’t paid it explicitly yet and I assume it would be deducted from my account once they receive my completed AftA membership form.

I will keep this discussion updated as I get more information.

MontyFC
MontyFC

I see only 1 entry for AftA. Are you seeing multiple entries here – https://apply.premieramerica.com/index.cfm?Action=home.wizDisplay. The form I received highlights it as “Alliance for the Arts, the official non-profit fundraising arm of the Thousand Oaks Civic Center Arts Plaza.

I think there is a $5 membership fee (not sure about the amount though). I haven’t paid it explicitly yet and I assume it would be deducted from my account once they receive my completed AftA membership form.

I will keep this discussion updated as I get more information.

MoreSun
MoreSun

Not living in an area where I can reasonably drive to a branch I’m just gonna bow out of this one. The fact that the “Premier America reserves the right to disqualify any referral in circumstances where we reasonably believe they are not made in good faith.” is clearly stated right there in the referral disclosures & it just unnerves me too much, I feel it gives them way too much wiggle room to deny bonuses if you don’t live in an area where you can access a branch in person. Best of luck to everyone going for it though!

shawn
shawn

Received phone call from bank today, inquiring about my many bank accounts. Told them I go after who has the best rates and promotions. This seemed to satisfy although they were skeptical. Employer received a call as well.

Mike
Mike

“Employer received a call as well.”
Asking what? Did they call HR or your work number?

shawn
shawn

I signed up under the pretense I worked in an eligible county. I believe the call was just to verify. They called the work number I gave them.

Gene
Gene

So, is this only for LA and TX? The offer fine does not specify so thought I should ask…

lingua
lingua

The offer does not restrict locations, credit union membership does.

Try to join and “be the data point you want”

jmendez
jmendez

Opened an account yesterday. Another cofirmed soft pull and did not attempt CC funding.

Will confirm Chexsystems sensitive so be wary if you’re 10+ in the last 6 months I’d say. YMMV with this. Of course will welcome and appreciate use of my referral. Shoot me an email. Thanks!

hellojmendez@gmail.com

imus
imus

I dont know if this is the right organization i am looking at, but it seems the Alliance for the Arts is $55 to join as a member?

if so, the offer seems much less attractive for those who live in area without branch.

https://artinlee.org/join/

SA
SA

This is not the right organization. The one they have has only $10 joining fee.

SA
SA

Please reply here or contact me at saroraji80@gmail.com if anyone is looking for a referral to open a checking account with them and get $100 bonus.

az
az

APY for checking > 5000 is 2% without any restriction? APY for saving is 1.5%? That’s really a good rate.

Savannah
Savannah

I can send a referral as well if anyone needs it. Email me at savy285@msn.com

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