Offer at a glance
- Maximum bonus amount: $300
- Availability:
- All of Michigan
- OH: Fulton, Henry, Lucas, Ottawa, Sandusky, and Wood counties
- Direct deposit required: Yes, $500+
- Additional requirements: See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: Unknown
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Cornerstone Community Financial Credit Union is offering a $300 checking bonus when you open a new checking account. You receive $100 each qualifying month for up to three months.
- monthly direct deposit of $500 or more
- 18 signature debit card transactions posted and settled to the account (PIN, ATM, and cash advance transactions not eligible)
- Be enrolled in eStatements
- login once per month to either mobile or online banking
The Fine Print
- CASHBACK – $300 cashback will be paid in increments of $100 after each qualifying month, for up to three months after rewards checking account has been opened. Example: Accounts opened in March must meet qualifications in April to receive first payout of $100. The second $100 will be received after meeting qualifications in May, and the final $100 after meeting qualifications for a third time in June.
- A total of $300 can be earned when qualifications are met for the first three full calendar months after rewards checking account is opened.
- If qualifications are not met, no cashback will be paid.
- Qualifications during qualification period include 1) monthly direct deposit of $500 or more, 2) 18 signature debit card transactions posted and settled to the account (PIN, ATM, and cash advance transactions not eligible), 3) be enrolled in eStatements, and 4) login once per month to either mobile or online banking. Qualification period begins on the first day of the month and ends on the last day of the month with reward being paid the following month. Other restrictions may apply. May be changed or discontinued 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
Unsure
Early Account Termination Fee
Wasn’t able to find a fee schedule
Our Verdict
Seems like an OK bonus at minimum but need some datapoints, feel free to share yours in the comments below.
Hat tip to reader Pickle Rick
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
