Update 7/8/23: Deal is back.
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â Must live or work in one of the following counties:
- Michigan: Berrien & Cass
- Indiana: Lots, view here.
- Direct deposit required:Â Yes, $500+
- Additional requirements:Â Use promo code 200
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: Can fund up to $2,500 with a Visa or Mastercard
- Monthly fees:Â None with eStatements
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â March 20th, 2020
Contents
The Offer
- Teachers Credit Union is offering a bonus of $200 when you open a new checking account and complete the following requirements:
- Use promo code JOIN200
- Set up $500 or more in monthly direct deposits for the first three months
The Fine Print
- To open a new checking account and take advantage of this offer, stop into a TCU Service Center and use promo code “200,” or visit tcunet.com/open and enter 200 in the promo code box when opening a new checking account.
- Checking account must be opened by March 20, 2020. Minimum direct deposit(s) totaling $500 or more per month required.
- First $500 in monthly direct deposit(s) must be posted by May 15, 2020.
- $200 bonus will be credited to the member’s checking account at the close of the first full statement cycle after meeting eligibility requirements.
- Account must remain open for at least 180 days.
- Limited to one promo ($200) per member.
- Member may receive an IRS tax form 1099-INT for the cash incentive. New members are subject to a $7 membership fee and $5 initial share deposit.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is a $7 membership fee
Monthly Fees
Advantage checking has a $7 monthly fee, this is reduced to $5 with eStatements.
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
This account also earns a 0.5% rebate on any non-PIN purchase up to $500 per calendar year (minimum redemption is $30). Seems like a good deal if it’s a soft pull. If anybody signs up for the account then please share your experiences in the comments below.
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
Post history:
- Update 10/16/22: Deal is back, no end date listed. Hat tip to reader Matt
- Update 6/11/22: Deal is back with promo code July 25, 2022
- Update 8/21/21: Deal is back. Hat tip to Hoops
Welp. That was easy.
In footprint.
7/29/23 – Opened Performance Checking and funded 2k with CSP; 2k declined (by CU?), but membership fees charged
8/18/23 – Called in, asked to repeat funding attempt – success
8/28/23 – Pushed $500 (recurring) from small CU “[My Name] CLEFCU CK WEBXFER P2P…ELECTRONIC DEPOSIT”
8/29/23 – $200 bonus posted. “Congratulations! You have received your checking bonus!”
Going to play it safe and let my 3 months of “DD” settle then I’ll close – fine print for current bonus doesn’t mention that account has to be open 180 days, although it was previously required.
“*$200 Checking Bonus offer effective 7/31/2023. Limited time only and subject to termination without notice. A) Open an eligible account using or mentioning promo code Join200. B) Have Direct Deposit(s) of $500 or more directly deposited to your new checking account for a minimum of 3 consecutive months, with the first direct deposit within 60 days of opening the checking account. When all requirements are met the $200 bonus will be credited to the new checking account on or before the close of the next full statement. Members without a checking account are eligible. Limit of one new checking account bonus per membership. Eligible Accounts: Performance, Student Rewards, Advantage, Ultimate and World checking accounts. You may receive an IRS tax form 1099-INT for the cash incentive. “
Opened through link and funded via CIP for $2450. Coded as purchase. In footprint. Thanks DoC!
It allows a person to join that has a relationship (e.g. step brother) with a current member.
I wonder if this would work for OOS.
$200 bonus William Charles
https://www.everwisecu.com/join200
The link does not lead to a bonus page
Teachers Credit Union Announces Name Change to Everwise Credit Union
https://www.tcunet.com/About/The-Latest/June-2023/Teachers-Credit-Union-Announces-Name-Change-to-Eve
Never mind.
Elements and Chase both did not work. No bonus for me.
Account opening takes a day if not within business hours. $200 bonus posted the day after DD posted giving no trouble. Had a swift and positive experience.
Can I open this? I am not in those two states.
applied, got a message that your application is being reviewed. Is that a denial? anybody else here got that?