[IA] Collins Community Credit Union $100 Checking Bonus

Update 7/26/20: Confirmed soft pull, can be funded with a credit card and also soft pull.

Offer at a glance

• Maximum bonus amount: $100
• Availability: All branches are in IA [Branch locations]
• Direct deposit required: Yes, no minimum listed
• Additional requirements: Open with $50+
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Can fund up to $2,500 with a credit card
• Monthly fees: None
• Early account termination fee: $15, 6 months
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• Collins Community Credit Union is offering a bonus of $100 when you open a new Advantage Checking account and complete the following requirements:
  • Open with at least $50
  • Start a direct deposit within 60 days of account opening

The Fine Print

• $100 Bonus: Member with any existing Collins Community CU checking account not eligible for the $100 bonus.
• Offer available at any Collins Community CU location.
• Must meet membership eligibility requirements.
• Limit one $100.00 bonus per household.
• To qualify for your $100.00 bonus, you must open and fund a Collins Community CU checking account with an initial deposit of $50.00 and start direct deposit within 60 days of opening the account.
• The $100.00 bonus will be deposited into your new Collins Community CU account within 60 days of your first direct deposit.
• The bonus is reported as interest on your Collins Community CU checking for IRS reporting purposes.
• Offer may not be combined with any other checking account offers.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Account has no monthly fees

Early Account Termination Fee

$15 if closed within six months

Our Verdict

Seems like it’s worth doing with a decent amount of credit card funding and can be opened online. Will add this to our list of the best bank account bonuses.

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