Offer at a glance
- Maximum bonus amount: $100
- Availability: Must present coupon in branch once requirements are met. All branches are located in MD.
- Direct deposit required: Optional (+$20)
- Additional requirements: eStatements, online banking, bill pay + eMobile Deposit (+$20 for each)
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $25, three months. Bonus forfeit if closed within six months
- Expiration date: September 16th, 2016
The Offer
- Open a new No-Fee checking account and receive $20 for each of the following you set up (all must be set up within the first two months of account opening):
- eStatements
- Recurring direct deposit
- eBranch (set up and access account via online banking)
- Bill Pay
- eMobile Deposit (use eMobile banking and make at least one mobile deposit within two months)
- One member will also win a $200 StubHub Gift card (listed as $100 below for some reason, but fine print says $200)
The Fine Print
- New checking accounts only. Members with an existing checking account are not eligible for this offer.
- Member must present a promotional coupon before the end of the promotion to receive up to $100. Coupons are available online at energyfcu.org/homerun or by calling 301.670.1300.
- Promotion begins June 15, 2016 and ends September 15, 2016.
- Once a new Checking Account has been established at Energy FCU, members are eligible to receive $20 for setting up eStatements, $20 for a qualified direct deposit1 to the new checking account, $20 for signing up for eBranch Online Banking, $20 for signing up for Bill Pay and paying at least one bill, and finally signing up
for eMobile Banking and making a deposit. Members have 60 days (2 months) after account opening to complete any one or more of the five (5) eligible $20 offers and will be paid up to $100 based on their level of participation within 30 days (after their initial 60 day period). - The amount earned will be deposited into the members’ checking account after receipt of the official coupon and verification of the terms of this promotion have been made by EFCU staff. Members checking account must be in good standing at time of payout.
- Accounts closed within six months of account opening are subject to forfeiture of their promotional deposit. Energy FCU reserves the right to withhold the fulfillment of cash if it was obtained fraudulently or obtained through the misuse of this promotion and not in keeping with the terms and conditions of this offer.
- A qualified direct deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a checking account at EFCU.
- There are certain fees associated with Bill Pay, please refer to our Schedule of Fees for more information. eBranch Online Banking is free of charge.
- 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, there is a $25 early account termination fee if the account is closed within 3 months of account opening, you will also forfeit the bonus if the account is closed within 6 months.
Our Verdict
I like that the account is easy to keep free free and it doesn’t hinge on a direct deposit for the full bonus, although it does look like they will manually check each requirement has been met. Lots of better checking bonuses out there, but if you give this one a go please let us know in the comments.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
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- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- 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
