Posted by William Charles on September 30, 2018
Bank Account Bonuses

Published on September 30th, 2018 | by William Charles

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[Expired] [Monroe, CT only] Connex Credit Union $300 Checking Bonus

This offer has now expired. View the best current checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Monroe, CT only (155 Main Sreet 06468)
  • Direct deposit required: Yes, $350+ per month
  • Additional requirements: 3 debit card transactions
  • Hard/soft pull: Hard pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: One
  • Expiration date: October 31st, 2018

The Offer

Direct link to offer

  • Connex Credit Union is offering a bonus of $300 when you open a new unbank checking account at the Monroe Branch and complete the following requirements:
    • Set up recurring direct deposits of $350 or more per statement cycle
    • Perform at least 3 debit card transactions
  • You’ll receive $100 each statement cycle the above are completed

The Fine Print

  • Offer effective for Unbank Checking accounts opened through October 31, 2018.
  • A $25 balance in your Share Savings account is required.
  • Must meet all Connex membership and checking account requirements.
  • To qualify for a cash bonus up to $300, customers must set up recurring direct deposit of $350 or more per statement cycle and use their Connex Debit Card to perform a minimum of 3 posted and cleared debit card point-of-sale purchases per statement cycle (this does not include transactions at an ATM).
  • Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. (Transfers from one account to another do not qualify.)
  • Once completed, we’ll deposit the first $100 bonus into your new account within the following statement cycle.
  • When you complete the qualifying requirements in the second month, an additional bonus of $100 will be deposited into your account in the following statement cycle.
  • When you complete the qualifying requirements in the third month, an additional bonus of $100 will be deposited into your account in the following statement cycle.
  • You have until March 31, 2019, to complete the requirements and earn the bonus.
  • Accounts must be in good standing at the time the bonus is posted.
  • Offer good for personal accounts only and limited to members who have not had a Connex checking account in the past 12 months.
  • Limit one cash bonus per address.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Unbank checking has no monthly fee to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee

Our Verdict

Previous best bonus was $100 from Connex, this is significantly better but only available at the new Monroe branch. If you go in branch you should be able to find out if it’s a soft or hard pull to open. If anybody goes for it then please share your experiences in the comments below. For now I won’t be adding it to the best checking bonuses until we know more.

Useful posts regarding bank bonuses:



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Beefer
Beefer

They better not be chexsensitive for a drive like that.

2 hours of total driving…is it worth it?

Dave
Dave

Hope it works out for you. If it were available to RI residents,
I’d make the drive there. Monroe has a nice bike path also 🙂

steven chin
steven chin

Just opened today. Had to convince assistant branch manager promotion was still valid- grill entry promo expired Sept. 30th, but not the checking account offer.

Beefer
Beefer

William Charles Hard pull on TU for this bank

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