Deal has expired, view more bank account bonuses by clicking here.
Update 9/11/19: Repositng as we now know it’s a soft pull top open.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â Must be referred and I assume you must open in branch. Branches are in NH, MA. Almost all branches are in NH [Branch locations]
- Direct deposit required:Â No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Can fund up to $249 with a credit card
- Monthly fees:Â None
- Early account termination fee:Â None listed
- Household limit:Â None
- Expiration date:Â October 31st, 2019
Contents
The Offer
- Service credit union is offering a bonus of $100 to both parties when a new member is referred and the following requirements are completed:
- Open a new five star, basic or classic checking account
- Open a debit or credit card and make 5 purchases totaling at least $500 within the first 60 days of account opening
- Sign up for e-communications
The Fine Print
- In order to qualify for the $100 referral promotion, referrer must have a Service Credit Union checking account and referred friend (referee) must open a checking account with Service Credit Union and sign up for e-communications within 60 days.
- Referee must also get a Visa Debit Card and/or apply for and receive a Visa Credit Card with Service Credit Union.
- Referee must make at least 5 purchases on either their new debit or credit card totaling $500 in the first 60 days of account establishment. $500 must be on one card or the other; referee cannot use both cards to reach the $500 purchase requirement.
- Must be a member of Service Credit Union or eligible for membership with at least $5 in a primary savings account.
- There is no limit to the number of referrals members may make. If the total of gifts received equals $600 or more in a taxable year, the credit union will issue referring member a 1099-MISC.
- The credit union will issue on behalf of the referee a 1099-INT for the $100 as income.
- Promotion runs from April 22, 2019 to October 31, 2019 and is subject to change or be canceled at any time.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Both the classic and basic accounts have no monthly fees
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
Feel free to share your referral information in the comments below, seems like a bonus worth doing. We will add this to our best bank bonus page once somebody shares their referral information
Hat tip to Squarebush10
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
it allows to fund as much credit card as you want? why do you think it is limited to $249?
also can i use my citi Platinum Select AMerican Airlines card?
Feel free to use my link for the $75 referral! https://servicecu.royalreferralcenter.com/register?token=5fbb22639a4ff&via=tw
Or email khung023 at gmail
Thanks!
Chase codes as cash advance
Same
Would anyone be kind enough to send me a referral? Thanks in advance! (djnorthington at gmail dot com)
I was able to open an account out of area online through a referral. I opened the account 6/21, completed the requirements 7/5, and never got the bonus. $249 CC funding from CIP coded as cash advance. While I was able to use someone else’s referral to open the account, I have never gotten an email after entering my email address at the link you have, or through the link in their online banking. Soft pull and not Chex Sensitive, 20+ in the last 6 months.
There is a max credit card funding of $249, I used my Citi Double Cash.
Soft pull?
I believe so. My account is open and I haven’t gotten any credit monitoring alerts.
Thanks 🙂
Anyone know if this bank is friendly for money orders?
I have this checking account but I opened my account online a few years ago. I went through the referral link and it says:
To get started, please provide your email below. Once submitted, we’ll send you your unique code details and provide you with an email to send to your friend, so you can both start reaping the benefits of our Pays 2 Know program.
I submitted my email address and now I’m waiting for the special email.
If anyone is interested in the referral, please contact me: grant at travel with grant dot com
Also of note if you go to Europe often or even just have a trip to Europe coming up- this credit union offers VPay debit cards as well, which work in places in Germany and other European countries that don’t often take regular Visa/MasterCard debit cards.