Posted by William Charles on May 19, 2019
Bank Account Bonuses

Published on May 19th, 2019 | by William Charles

4

[IL only] Land of Lincoln Credit Union $200 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Must live, work or worship in one of 26 counties (full list here). Must also open in branch [Branch locator]. All counties/branches are in IL
  • Direct deposit required: Yes, no minimum
  • Additional requirements: Yes, see below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: July 31st, 2019

The Offer

Direct link to offer

  • Land of Lincoln Credit Union is offering a bonus of $200 when you open a new checking account. Bonus is broken down as follows:
    • Get $100 when you:
      • Enroll in ClickSWITCH dashboard
      • Set up direct deposit of $500+ monthly within 60 days of account opening
      • Enroll in online banking
    • Get another $100 when you complete the above requirements and:
      • Make 10 or more transactions on your LLCU debit card
      • Enroll in BillPay

The Fine Print

  • Qualifications may apply.
  • Membership required.
  • Incentives paid at time of completion of action items required to earn incentive.
  • Monies awarded will be direct deposited into member’s new checking account.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with 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 any early account termination fee or not.

Our Verdict

Need to know if this is a hard or soft pull before passing judgement, you should be able to find out before opening the account as you need to open in branch anyway. If it is a soft pull then it’s worth doing in my opinion.

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drew
drew

links in the ‘availability’ part of the post at the top dont link to anywhere. and the direct link to the offer doesn’t seem to show the $200 bonus on the webpage

Charles Mann
Charles Mann

The 26 Illinois Counties are: (Bond, Christian, Clark, Clay, Clinton, Coles, Crawford, Cumberland, DeWitt, Douglas, Edgar, Effingham, Fayette, Jasper, Jefferson, Lawrence, Macon, Marion, McLean, Montgomery, Moultrie, Piatt, Richland, Sangamon, Shelby, Washington) NOTICE: Cook Cty (Chicago area) is NOT among them.

Josep
Josep

Confirmed with an employee that it’s a hard credit pull.

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