[MI only] Preferred Credit Union $100 Visa Gift Card In Branch Checking Bonus – No Direct Deposit

Offer at a glance

• Maximum bonus amount: $100 Visa gift card
• Availability: Must open in branch, all locations are in Michigan [Branch locations]
• Direct deposit required: No
• Additional requirements: Deposit $200 and make 10 debit card transactions
• Hard/soft pull: Hard
• ChexSystems: Unknown 
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $25, 90 days
• Expiration date: None listed

The Offer

Direct link to offer

• Receive a sign up bonus of $100 in the form of a Visa gift card when you open a new checking account with Preferred Credit Union and complete the following requirements within 90 days:
  • Make 10 debit card transactions

The Fine Print

• Restrictions and qualifications apply.
• Must be a new service to PCU.
• A new service is defined as someone who has not had that service with PCU in the last year.
• Must be 18 years or older.
• Offer subject to change without notice.
• $125 will be paid out in the form of a Visa gift card.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

They offer a free checking account with no monthly fees or minimums. You will be charged $15 per month if your account is dormant for 12+ months. According to the fee schedule you’ll also be charged a $25 early account termination fee if your account is closed within 90 days.

Our Verdict

Unfortunately this is a hard pull to open, so it isn’t worth considering. You are better off going with a credit card that offers a high cash sign up bonus. Alternatively you can find a list of bank bonuses that we do recommend here.

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
• 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