Offer at a glance
- Maximum bonus amount: $150
- Availability: Active & Former military only, must open in branch. [Branch locations]
- Direct deposit required: Yes, ongoing no minimum
- Additional requirements: eStatements, debit card & online banking
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: Waivable
- Early account termination fee: Unknown
- Expiration date: None listed
The Offer
- Earn a sign up bonus of $150 when you open a new personal Cooperative Checking Account. To qualify for the $150, you must open a new personal Cooperative Checking Account with the following services:
- You must initiate and maintain a monthly payroll or benefit check direct deposit,
- Enroll in E-statements,
- Apply for a debit card
- Register for online banking
The Fine Print
- Offer available to the following people:
- Â Individuals who are currently serving in the U.S. Air Force, Army, Coast Guard, Marines or Navy
- Those who have retired or separated from the U.S. military with a discharge type of honorable
- The $150 will be deposited into your new account on the 91st day after account opening unless the terms are not met on that day. If the services criteria are not met on the 91st day after account opening, you are no longer eligible for the $150. If the 91st day is on a weekend or holiday the $150 deposit will be deposited on the next business day.
- Limit one personal checking account $150 deposit promotion per customer per household
- The $150 deposit promotion is not eligible for online account opening
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Their cooperative checking account doesn’t have a monthly fee as long as you have an average monthly balance of at least $100. I’m unsure if there is any early account termination fee as I was unable to find the fee schedule.
Our Verdict
Not a lot of readers will be eligible for this bonus, but I thought it was fitting for memorial day. We don’t really know enough about this bonus to work out if it’s good or not, so share any data points you have in the comments. In the mean time you can have a look at the best bank account bonuses currently available.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- 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
