Offer at a glance
- Maximum bonus amount: $100
- Availability: Membership at Northern Communities Credit Union (NCCYou) requires living, working, worshipping, or attending school in St. Louis County, Minnesota]
- Direct deposit required: Yes, $1,000+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $5, 30 days
- Household limit: None
- Expiration date: August 31, 2026
Contents
The Offer
- Northern Community Credit Union is offering a $100 bonus when you open a new checking account and complete the following requirements:
- Set up direct deposits totaling $1,000 or more within 60 days of opening your account.
The Fine Print
- Bonus amount of $100 – will be deposited into the new checking account of the primary owner once all qualifications are met. Bonus may be reported as income on IRS Form 1099-INT or 1099-MISC. Member is responsible for any applicable taxes.
- Qualifying Direct Deposit – Set up direct deposit of at least $1,000 to this account within 60 days of account opening. Your direct deposit must be an electronic deposit of your paycheck, pension, or government benefits from your employer or the government. Person-to-Person (P2P) payments, including those made through Zelle, Venmo, Cash App, or similar platforms, are not considered a qualifying direct deposit.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Basic checking has no monthly fees to worry about.
Early Account Termination Fee
Our Verdict
If you decide to go for this bonus then please share your experiences in the comments below.
Hat tip to reader Bockrr
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