Posted by William Charles on January 12, 2020
Bank Account Bonuses

Published on January 12th, 2020 | by William Charles

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Chartway Federal Credit Union $100 Checking Bonus – No Direct Deposit Required

Offer at a glance

  • Maximum bonus amount: $100
  • Availability:  Branches are in FL, NC, TX, UT, VA, but account can be opened nationwide
  • Direct deposit required: No
  • Additional requirements: Make 10 debit card purchases
  • Hard/soft pull: Soft
  • ChexSystems:Unknown, sensitive
  • Credit card funding: Up to $1,500
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None
  • Expiration date: February 29th, 2020

The Offer

Direct link to offer

  • Chartway Federal Credit Union is offering a bonus of $100 when you open a new LifePlus or Cash Back Checking account checking account and complete the following requirements:
    • Use promo code FRESHCHECK20
    • Make 10 purchases with your debit card ($10 minimum per transaction)

The Fine Print

  • Checking: $5 minimum required to maintain a savings account. $15 minimum required to open LifePlus checking account.
  • To qualify for $100 bonus, open a Cash Back Checking or LifePlus Checking account using promo code FRESHCHECK20, and make ten (10) Visa® debit purchases of $10 or more within 60 days of account opening.
  • Individuals with existing Chartway checking accounts will not qualify.
  • Bonus will be awarded within 60 days of account opening and deposited into Chartway checking account. Account must be in good standing to receive cash incentive. A
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Cash back checking account has no monthly fee to worry about.

Early Account Termination Fee

I wasn’t able to find an up to date fee schedule, so I’m not sure if an EATF is charged. In the past the fine print has stated the account needs to be kept open for 180 days, you might as well do that as the account has no monthly fee anyway.

Our Verdict

Chartway just offered a $150 bonus, same requirements. That was obviously better offer than this. I guess this is still worth doing because we don’t know when a similar offer will return, but I won’t add it to the best checking bonus page due to the fact that they so recently offered a bigger bonus. Also keep in mind they are extremely ChexSystems sensitive.

Hat tip to reader SA

Useful posts regarding bank bonuses:



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parrothead
parrothead

3% cashback is good, even though its only $333 of purchases per month.

parrothead
parrothead

“Chartway just offered a $150 bonus, same requirements but each debit card transaction needed to be $10 instead of no minimum like this offer.”

This has the same $10 minimum restriction

Wayne
Wayne

So you have to open a savings account first? If you open the savings are you giving the option to open the checking next?

DaveInAZ
DaveInAZ

All credit unions require you open a savings account first, it’s called a “Share Account”, your share of the CU as a member/owner – all credit unions are also member owned. And then yes, then you can open a checking account.

LD
LD

Chartway is very Chex sensitive

desert rat
desert rat

That’s too bad. They have a $200 bonus on a credit card, too – anyone know if they do a hard pull for the credit card?

Superchurn
Superchurn

almost certainly yes

JohnyBGood
JohnyBGood

Agreed, was denied due to chex a couple weeks ago on a different promotion.

SA
SA

Note: They are extremely chex sensitive and I was told that they want less than 5 chex inquiries in last 12 months. I was denied even after having an existing relationship (auto loan) with them.

Wayne
Wayne

Thanks, I ordered my report to verify 4 or less. I suspect it’s a whole lot more than 5? 🙂

desert rat
desert rat

Less than 5 in last 12 months – that would mean I could have more than 5 in last 2 yrs, as long as less than 5 in 12 months? I can do that I think!

Edit: Oh, CHEX inquiries. I was thinking credit report inquiries. I probably have LOL chex inquiries. Still I may try to apply anyway.

Wayne
Wayne

I just don’t know which banks check? I’ve opened 16 accounts in the last 8 months. I’ll have to wait on my report.

lumberjake
lumberjake

Purchases must be minimum $10 each.

Would 10x $10 Amazon reloads satisfy the requirements?

Brandon
Brandon

Yes

Adeel
Adeel

The $1500 CC funding is wrong. I tried funding $5 to the primeshare, and $1495 to the checking account, but when the account opened, they only deposited $15 into the checking account.

The limit says $1500, and the form let’s you submit with $1500, but in practice it’s much lower.

Brandon
Brandon

Anybody else have this issue? Kills the deal if this is the case

Onyxi
Onyxi

Incredibly Chex sensitive as everyone says. Don’t bother unless you’ve barely done other accounts in the past year.

VG
VG

I opened the account and was approved, opening deposit ($1500) was charged (Southwest card – not posted as a Cash Advance).

Approved on Sunday and Southwest card charge already posted, but no communication at all from Chartway since Sunday. Hopefully will get something soon with some information.

parrothead
parrothead

I was instantly approved on Sunday and charged $1500. Monday afternoon I received an email saying I was declined lol. Disputing $1500 charge now since they haven’t communicated where my money is

AWLL
AWLL

any update?

Sagan
Sagan

Chase freedom posted as a cash advance William Charles

fitzejunk
fitzejunk

Tried to join via the charitable donation. From that option, there’s an option to either make a $10 donation or opt-out. The opt out let me proceed…

Thinking I’ll go through with that and just see what happens. This isn’t a big enough bonus to stress about, may as well be a data point for any future bonuses.

Xiaobing
Xiaobing

Can we apply for the credit card before having a checking account with them?

sudocat
sudocat

from what I understand opt out means opting out of membership after paying the fee to join as continued membership is not a requirement for membership as stated. So you still pay $10

Sudocat
Sudocat

Denied. 2 inquiries on Chex

Robert
Robert

Within the past 3 years or which time frame?

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