[KS only] Heartland Credit Union $100 Checking Bonus

Offer at a glance

• Maximum bonus amount: $100
• Availability: You or a family member must live, work, worship or attend school in one of these counties Kansas: arton, Butler, Dickinson, Ellsworth, Franklin, Geary, Harvey, Kingman, Lincoln, Lyon, McPherson, Marion, Miami, Mitchell, Osage, Ottawa, Pottawatomie, Pratt, Reno, Rice, Riley, Saline, Sedgwick, Stafford, and Wabaunsee
• Direct deposit required: Yes, two months (no minimum specified)
• Additional requirements: 5 debit or credit card transactions for two months
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $10, avoidable
• Early account termination fee: $20, six months
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Open a new Premier Checking Account with Heartland Credit Union and receive a bonus of $100 when you complete the following requirements:
  • Receive a direct deposit and complete 5 debit or credit card transactions each month for two months

The Fine Print

• New HCU Premier Checking accounts with payroll direct deposit and minimum 5 debit or credit card transactions each month for two months.
• Bonus will be paid on the last day of the second month.
• Annual Percentage Yield .10%-.30%, based on deposit level.
• Member cannot have HCU checking prior to May 1, 2017.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

The premier checking account has a monthly fee of $10, this fee is waived if you a daily account balance of $1,000 or more or when you use your Heartland Credit Union debit or credit card 5 times or more per month. Their fee schedule can be found here.

If your account is closed within six months you will be charged a $20 early account termination fee.

Our Verdict

Update: Hard pull and no credit card funding make it a bad deal.

They have offered a higher bonus of $129 in the past. Hard to know if this is a good or bad bonus without knowing more about the bank (e.g hard/soft pull and if they accept credit card funding). As always please share your datapoints in the comments below.

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