Posted by William Charles on June 13, 2015
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Published on June 13th, 2015 | by William Charles

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[Expired][DE, PA & NJ only] $300 Checking Bonus From Sun East Federal Credit Union

This offer has now expired, view more bank bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: DE, PA and NJ only
  • Direct deposit required: Yes, $1,000-$5,000 depending on bonus
  • Additional requirements: Yes, 1-3 bill pays depending on bonus
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: $550
  • Monthly fees: None
  • Early account termination fee: None
  • Expiration date: July 31st, 2015

The Offer

Direct link to offer

  • Receive a sign up bonus of up to $300 when you open a Sun East Free Checking Account in branch or online. There are three different bonuses for $100, $200 and $300. They each have different requirements which we’ve outlined below:
    • $100: Establish a qualifying direct deposit of $1,000 or more and make at least one online bill payment using SunPay
    • $200: Establish a qualifying direct deposit of $2,500 or more and make at least two online bill payments using SunPay
    • $300: Establish a qualifying direct deposit of $5,000 or more and make at least three online bill payments using SunPay

sun east

The Fine Print

  • Valid for customers who open a new primary checking account, not valid for current customers who have a primary or joint checking account. Also not valid for previous customers that have closed their account within past five years
  • Bonus requirements must be completed within 90 days of account opening
  • Bonus will post within 30 days after the completion of the program
  • Qualifying direct deposits are defined as: recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into your Sun East checkin
  • Account must remain open to receive bonus
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no monthly fees on this account and as far as I am aware there is no early account termination fee, but you must keep your account open until the bonus posts. You will need to deposit $5 into the Share Savings account when you become a member as well (this can be withdrawn when the accounts are closed)

Eligibility

To become a member of this credit union, you have a few free options and one paid option. We’ll discuss the paid option first because it’ll be applicable to the majority of people. Anybody can simply make a $10 donation to the Sun East Charitable Foundation to become a member.

In addition if you live, attend school, volunteer, work or worship in any of the following locations you can join for free:

  • Nottingham, Pennsylvania
  • Oxford, Pennsylvania
  • Philadelphia, Pennsylvania
  • Newark, Delaware
  • Wilmington, Delaware

If an immediate family member is a member, you can also join for free. There are also 4,000 affiliate businesses, groups within DE, PA & NJ  and if you’re part of one of them you can also join for free.

Our Verdict

The biggest problem with this bonus is that we’re unsure if it’s a hard or soft pull, I don’t live within the service area otherwise I would just go into a branch to find out. Thankfully other writers for Doctor of Credit do live within the service (and both are getting addicted to bank bonuses, just like me) so I’m sure they’ll find out this important information in due time.

I think almost any ACH deposit will trigger the direct deposit requirement despite what the fine print says, but we won’t know for sure until after the promotion has ended. Obviously it’s best if you can easily change your employer payroll, but this isn’t possible for everybody.

If you have any experience with this bonus, please share with us in the comments below.

Direct link to offer | Screenshot of offer

Hat tip to Maximizing Money



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dsfd
dsfd

Any website where I can find promo codes for airlines before booking flights. I guess there probably aren’t any publicly available or they would have been all over the internet (and hence shutdown) but asking anyway.

Thanks

Bill
Bill

When I opened up in the downtown Philadelphia branch, it was SP because I didn’t receive any alerts. In addition to the credit report, they use CheckFree. I received calls for a preapproved personal loan after opening the account.

Prasanna R
Prasanna R

Do you know what triggers the direct deposit? Does it have to be a ACH transaction from an employer? Thanks in advance.

Eric
Eric

William, what makes you think it might be a hard pull? Aren’t checking accounts usually soft pulls? I’m also interested to know which ACH transfers trigger the bonus.

dean
dean

Just opened both accounts. Can they be closed right after the bonus posts?

Jon
Jon

SE did not recognize my employer or my location, despite living less than 2 miles from a branch. They allowed me to set up a charitable donation account and donate a minimum of $10 to establish a membership. Asked about hard vs soft and the in-branch rep explained to me they would perform a soft pull.

Eric
Eric

Does that mean they are very strict with what counts as direct deposit?

Jonathan
Jonathan

Thought I would update this with my results. Opened the account on June 16th and funded the max amount of $550 using my barclay arrival+ card. It took until June 22nd for the account to fully open and be able to log in. The funding went through as a purchase on my barclay arrival+ card. I am planing on doing a serve ach transfer to hit the $5000 dd requirement. I will update when I get the bonus.

Eric
Eric

Coincidentally I just found out last night from the Serve terms that you are limited to $2500 of withdrawals to your bank account per month. You won’t be able to do the $5K DD. What will you use instead?

Prasanna R
Prasanna R

Does the DD has to be $5000 in the same time or is it during a billing period?

Jonathan
Jonathan

I wasn’t sure if that was $5000 at one time or total so I am doing both. I did a $5000 ach transfer from chase and am doing 2 $2500 serve withdrawls. That being said I am pretty sure it is $5000 total. Very few people make $200,000+ per year.

jay
jay

May I ask how were your deposits coded?

Jonathan
Jonathan

Another piece of information. I just got charged $11 for some (incredibly ugly and unprofessional looking) checks. I remember looking at the checkbox that asked if I wanted checks and thinking they would be free. I was wrong.

dean
dean

After the program is completed, the bonus will post within 30 days. We’re supposed to wait 30 days to find out if what we did counted as a dd? Also can the accounts be closed as soon as the bonus appears?

Eric
Eric

Jonathan, did you end up receiving the $300 bonus as it’s been over a month since your transfers? I just called them and found out the $5K does not have to be in one transaction.

dean
dean

Can anybody confirm what counted as a direct deposit and did anybody receive the bonus yet? I did a transfer from my bank account and it posted as ach but it had my name listed and then p2p. I’m thinking this in not going to count but I won’t know for 30 days.

Skippy
Skippy

Hello. Just a data point… I funded with a Citi Hilton Visa Signature Card (no fee version) and it posted as a purchase. Too late to benefit anyone with this offer since it expired, but might be good to know if the offer comes around again.

Skippy
Skippy

Oops… I also meant to add that I don’t think it was a hard inquiry opening the account online, The PDF application that was generated indicated that only Chex Systems was used.

Eric
Eric

Has anyone received their bonus yet? If so, what did you use for the direct deposit?

dean
dean

I transferred from BB to Sun. 30 days have passed and no bonus yet.

dean
dean

It looks like this deal was a bust. Not one person can confirm they received the bonus. I used BB and have not as of today which is more than 30 days since the deposits.

jay
jay

I know this deal is done, but wanted to let you guys know. I funded account with Discover and got my statement today. It was coded as “services” and no CA fee!

Mr Charles, can you add this as Data point please?

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