Offer at a glance
- Maximum bonus amount:$200
- Availability:
- I live, work, or worship or attend school in Kanawha County
- I am a WVDHHR or State or WV employee
- I am a family member of an Element FCU member
- I am one of your PEEPs! (Preferred Element Employer Partners)
- Direct deposit required:None
- Additional requirements:Â Use promo code
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- Element Federal Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements:
- Use promo code KROGER
- Account also earns 10% APY on balances up to $5,000 when you following requirements are met:
- 17 debit card point of sale transactions in that same month;
- At least $400 in total point of sale purchases in that same month;
- At least $500 in direct payroll deposits in that same month
- Enrollment in eStatements
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Very location restrictive, the 10% APY might be interesting for some.
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
Anyone that is interested in a referral that’s stackable, for an additional $25 for both of us, email request at [email protected] with Element FCU in subject.
Happy Hunting!
Consent to Access Your Personal Credit Profile
You understand that by clicking on the I AGREE button immediately following this notice, you are providing ‘written instructions’ to Element Federal Credit Union under the Fair Credit Reporting Act authorizing Element Federal Credit Union to obtain information from your personal credit profile or other information from Experian. You authorize Element Federal Credit Union to obtain such information solely for membership opening with Element Federal Credit Union.
Forunate for the people in WV. Unfortunate that they live in WV
We in WV invite you to fellate our collective knobs
Please tell me I’m not the only one to watch the “Credit Union Road” music video on their landing page. A for effort! Hahaha