[CT only] American Eagle Financial Credit Union $100 Checking Bonus

Bonus is back, thanks to Maximizing Money for making us aware.

Offer at a glance

• Maximum bonus amount: $100
• Availability: Must live, work, worship or attend school in Hartford, Middlesex, Tolland, New Haven Counties all in Connecticut
• Direct deposit required: Yes, $250+
• Additional requirements: eStatements & 15 debit card transactions
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding:  Up to $500 for both savings & checking, American Express, Mastercard & Visa all accepted (No Discover)
• Monthly fees: None
• Early account termination fee: $15, 180 days
• Household limit: None, one per membership
• Expiration date: April 15th, 2017 August 19th, 2017

The Offer

Direct link to offer

• American Eagle Financial Credit Union are offering a bonus of $100 when you complete the following requirements within 60 days of account opening:
  • Use your debit card 15 times
  • Sign up for eStatements
  • Get direct deposits totaling $250 into your new checking account

 

The Fine Print

• Promotion valid for new personal Checking accounts opened between March 1, 2017, and April 15, 2017 Promotion valid for new personal Checking accounts opened between July 5, 2017, and August 19, 2017.
• The member must not have an existing open Checking account with American Eagle Financial Credit Union (AEFCU) or have had a Checking account with AEFCU in the last 365 days.
• Savings account required for AEFCU membership.
• The account holder must enroll for direct deposits totaling two hundred and fifty ($250.00) dollars into new Checking account, enroll in e-Statements, and complete fifteen (15) debit card transactions (signature or pin-based) on the new Checking account within sixty (60) days of Checking account opening to be eligible for $100.00 payment.
• Limit of one $100.00 payment per member.
• Please allow up to 120 days from account opening to receive the bonus deposit into your share Savings account.
• Amount of deposit will be reported to the IRS and member is responsible for any applicable taxes.
• Accounts closed within 180 days of opening will be charged a fee of $15.00.
• This offer can be withdrawn any time without notice.

Avoiding Fees

There is an early account termination fee of $15 if the account is closed within 180 days of account opening. The easiest account to keep fee free is their My Checking account.

My Checking

This account does not have a monthly fee, but it does have a dormant fee and inactivity fee.

Dormant fee charged annually for a Checking account that has not had activity in one (1) year or more and has a balance less than $100.00. Inactivity fee charged monthly for Savings and Checking only, with combined balances of less than $100.00, no activity for 6 consecutive months, account holder is age 22 or older, and not a borrower on a loan. The account will be closed when it reaches $0.00 balance.

Basically just park $100 into the account to avoid both of these fees.

Our Verdict

Last time they offered a bonus it was for $200, and the time before that they offered a $100 bonus without a direct deposit requirement. Both are better offers than this new offer. Because of that I won’t be adding this to our list of the best checking account bonuses.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• 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