Offer at a glance
- Maximum bonus amount:Â $150
- Availability:Â FL
- Direct deposit required:Â Yes, no minimumÂ
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Loyalty Credit Union is offering a $150 bonus when you open a new checking account and receive a direct deposit (no minimum mentioned)
The Fine Print
- *Offer valid for new checking accounts with qualifying direct deposit.
- Limit one bonus per member or household.
- Offer available only to the named recipient and is not transferable via friend or family referrals.
- Subject to membership eligibility.
- Terms and conditions apply.
- Contact us for full details.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Hat tip to reader Kiwi
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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- 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?
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- Bank Bonus Posting Times
Has anyone tried this OOS? How is chex?