[Expired] [FL, NC, TX, UT, VA] Chartway Federal Credit Union $50 Per New Account Opened

This bonus has expired, click here for other Chartway federal bank bonuses or here for the best current checking bonuses.

Warning: Last time Chartway offered a bonus they let lots of people open accounts, only to close them and refund the credit card funding to the card.

Offer at a glance

• Maximum bonus amount: $50 per account
• Availability: In branch/phone only. Branches are in FL, NC, TX, UT, VA
• Direct deposit required: Yes, for savings/checking accounts
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $1,500
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: February 28th, 2019 March 31st, 2018

The Offer

Direct link to offer

• Chartway Federal Credit Union is offering a $50 bonus for each new product you open before March 31st when you call or visit a branch and use the promo code FITNESS18. Savings/checking accounts require a direct deposit. You can open a maximum of 10 new accounts.

The Fine Print

• Membership eligibility subject to verification.
• Limited time only
• . Restrictions apply.
• Existing Chartway loans and lines are not eligible.
• Limit $50 incentive to one product type per person.
• Limit to 10 total products per person.
• New savings and/or checking accounts must include direct deposit receipt confirmation to be eligible.
• New account and/or loan application must be received by February 28, 2018 using Promo Code FITNESS18.
• Employees, officers, and directors of Chartway, and members of the immediate family and household are eligible for this promotion.
• Cannot be combined with other offers.
• Normal account opening balances apply
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Best Value Checking $0 Monthly Fee

Your best option for avoiding monthly fees is to go after the Best Value Checking account which has no monthly fee and does not require any minimums to keep it fee free.

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 it was required to keep the account open for 180 days or you would forfeit the bonus but that is not included in the fine print of this offer. Shouldn’t be a big issue since you can keep the account open for free anyway.

Our Verdict

In terms of accounts you could open, Jeffrey L suggested the following:

• LiveNow Debit Card- minimum $0 (doesn’t count as separate product)
• Savings account- minimum   $100
• Checking account- minimum   $100
• 12 month no penalty Share Certificate or 6 month share certificate – minimum $500

That would be a $200 bonus, pretty good but a lot of accounts to manage. Given Chartway’s history, I won’t be adding this to our best checking sign up bonus page.

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

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• 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?
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• Bank Bonus Posting Times