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Offer at a glance
- Maximum bonus amount: $100
- Availability: Fulton branch only, 208 North Second St., Fulton
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: Valid September 14th – October 16th
Contents
The Offer
- Compass Federal Credit Union is offering a bonus of $100 when you open a new checking account and receive a direct deposit
The Fine Print
- Offer not available to existing Compass Credit Union checking customers, or those who have had accounts closed in the last 90 days (or with a negative balance).
- You can receive only one new checking opening related bonus per calendar year and only one bonus per account.
- Bonuses are considered interest and will be reported on IRS Form 1099-INT.
- Direct Deposit must be paycheck, pension or government benefits (such as social security) from your employer or the government.
- Direct deposit must be received within 60 days of account opening.
- Must open account in branch.
- Bonuses will appear within 10 business days of meeting the requirements.
- $100 cash bonus limited to first 30 applicants.)
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Checking account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Small bonus with a direct deposit requirement, you should be able to ask them if it’s a hard or soft pull before signing up though.
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