[ME] TradeMark Federal Credit Union $225 Checking Bonus

Offer at a glance

• Maximum bonus amount: $225
• Availability: live, work, worship, attend school, or have a business in Cumberland, Sagadahoc or Kennebec county
• Direct deposit required: Yes, $250+
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None listed
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• TradeMark Federal Credit Union is offering a bonus of up to $225. Bonus is broken down as follows:
  • $100 when you complete all the necessary back to Trademark and fund the account and let them know via phone or e-mail that you have funded the account (different requirements if opening in branch)
  • $100 bonus if you have an open savings account, checking account, complete 15 debit card transactions and sign up and log into online banking and have at least one direct deposit of $250 or more. Must also contact them when these requirements are completed
  • $25 bonus if you use the bill pay feature or send cash feature to send cash to an account at another financial institution within the 90-day period. Must contact them once this has been completed
• You can also get another $100 if you refinance a loan

The Fine Print

• Within the first 90 days of account opening, if you are opening in-person, you must open a savings account, checking account, debit card and deposit a minimum of $100 into the account the day of opening, in order to receive Welcome Bonus #1, in the amount of $100 (Due to COVID-19, we have made decisions to limit contact between our internal team and contact between Members and our team. Please visit our website www.trademarkfcu.org to learn more about branch availability). If you are opening the account remotely, you have 10 days to get all the necessary paperwork back to Trademark and fund the account. You must contact us via phone or email, to let us know you have funded the account.If you are unable to deposit the $100 that day, you will not qualify for the Welcome Bonus #1, however you can still qualify for Welcome Bonus #2, in the amount of $100, if the following has been done within the 90-day window: you have opened a savings account, checking account, and have an active debit card with at least 15 transactions. You must have signed up for and logged into Trademark Mobile or Trademark Online; you must have at least one direct deposit of $250 and have signed up for eStatements. You must contact Trademark via email or phone, after these things have been done, in order to receive Welcome Bonus #2, in the amount of $100.
• Once you have opened your savings, checking, debit card, Trademark Online or Trademark Mobile and eStatements, contact us and reference the $100 Challenge in order to receive $100 bonus for refinance of new auto loan from another institution of $10,000 or more. Borrower refinancing auto loan $5,000 up to $9,999, will receive $50 bonus. 
• A bonus $25 can be earned if you use the bill pay or send cash feature to send cash to an account at another financial institution within the 90-day period. You must contact Trademark via email or phone, after these things have been done, in order to receive the additional $25.
• 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 I’m unsure if there is an early account termination fee or not.

Our Verdict

A lot of requirements and given you need to manually contact them when each is completed I suspect this will all be manually verified. Probably not worth doing for most people but if anybody gives it a go then please share your experiences in the comments below.

Hat tip to reader Lisa

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