[Expired] GTE Financial $100 Checking Bonus, Direct Deposit Not Required

Deal has ended, but there is a new $200 bonus offer.

Update 8/23/21: Back until September 30, 2021. Hat tip to Kamil Sultan

Offer at a glance

• Maximum bonus amount: $100
• Availability: All locations are in FL, but anybody can become a member by joining CU Savers Club, which is free
• Direct deposit required: No
• Additional requirements: Use promo code
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: $4.95,a voidable
• Early account termination fee:Closed Account Within 180 Days: $25 fee (or balance if <$25)
• Household limit: None listed
• Expiration date: April 30, 2021

The Offer

Direct link to offer

• GTE Financial Credit Union is offering a bonus of $100 when you open a new checking account and complete the following requirements:
  • Use promo code GTE100
  • Enroll and login to online banking by month end of the calendar month of new membership

The Fine Print

• Special incentive offer is available to new members over the age of 18 who join GTE between 3/1/21 and 4/30/21.
• To qualify for the $100 incentive, new members must join GTE, have a funded member-owner share account, use the promotional code GTE100 on their membership application, and enroll and login to Online Banking by month end of the calendar month of new membership.
• The incentive will be deposited into the member’s Savings account within 14 days of account funding of meeting these requirements.
• This offer may not be combined with other incentive offers and is not available to individuals who were previously members of GTE Financial.
• GTE Financial reserves the right to end this promotional offer at any time.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Go full access has a $4.95 fee that can be waived by enrolling in eStatements AND making $500 in aggregate deposits per month OR making a combination of 15 monthly debit and/or credit card transactions.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in the fee schedule

Our Verdict

Only available to new members, a lot of people joined in the past because they used to offer more credit card funding. They have offered a $200 bonus in the past but that did require a direct deposit. Main downside is that this is a hard pull, although a lot of people don’t care about those anymore with credit card issuers tightening requirements. We will add this to our best bank account bonus page.

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
• 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?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times