Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability:Â IN only
- Direct deposit required:Â Yes, $500+
- Additional requirements:Â See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $200
- Monthly fees:Â None
- Early account termination fee: $25, 90 days
- Household limit:Â None
- Expiration date:Â December 31, 2024
Contents
The Offer
- Advance Financial FCU is offering a $250 bonus when you open a new checking account and complete the following requirements:
- have a Share Savings account open with a minimum of $5
- Have a direct deposit of $350+
- Enroll in eStatements
The Fine Print
- Bonus offer valid October 1, 2024 to December 31, 2024.
- To qualify for the bonus, the accountholder must be 18 years or older, have a Share Savings account open with a minimum of $5, open a checking account with a minimum of $25, have direct deposit and enroll in eStatements. Direct deposit is defined as an ACH deposit of $350 or more (i.e. payroll, SSI benefits, pensions).
- Micro-deposits or person-to-person payments are not considered direct deposits. Direct deposit and eStatements registration must be made within 60 days of account opening. Bonus is for new checking accounts only.
- Previously closed AFFCU checking accounts must be closed for a minimum of 7 years in order to qualify.
- Bonus will be deposited into your Share Savings account within 10 business days from statement verification.
- Bonus is considered interest and will be reported on IRS Form 1099-INT. If the checking account is closed, direct deposit stopped or eStatements discontinued within 6 months of account opening, the $250 bonus will be debited from your account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking has no monthly fees
Early Account Termination Fee
There is also an early account termination fee of $25 if the account is closed within 90 days. You can view the full fee schedule here.
Our Verdict
Better than the $150 bonus previous available.
Hat tip to ShawntheShawn
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- A Beginners Guide To Bank Account Bonuses
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- 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?
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