Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability: Newport, OR branch only
- Direct deposit required:Â Yes, no minimum required
- Additional requirements:Â See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding:Â Yes, unknown limit
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â One
- Expiration date:Â 07/29/23
Contents
The Offer
- Central Willamette Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:
- Keep account open for six months
- Receive a qualifying direct deposit
- Enroll in digital banking and download the mobile banking application
- Make at least 30 debit card transactions
The Fine Print
- $250 promotion applies only at the Newport branch and is for new members who open a consumer checking account from 05/22/23 to 07/29/23 at the Newport Branch.
- $250 credit will be applied to your CWCU checking account within 30 days of meeting qualifying criteria of: 1) account is open for six months; 2) receive a qualifying direct deposit; 3) enroll in CWCU Digital banking and download the Mobile banking application; and 4) make at least 30 CWCU debit card transactions during the first six months.
- Membership eligibility required.
- Limit one per person, per household.
- Offer is subject to change without notice.
- All bonus payments will be reported to IRS as interest income in the year they are paid.
- This promotion can be cancelled 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
Simply free checking account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any early account termination fee.
Our Verdict
Since it’s in branch only, you should be able to ask if it’s a hard or soft pull before opening.
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
