Offer at a glance
- Maximum bonus amount: $100
- Availability: NJ only: Open to anybody that lives, works, worships, or attends school in Bergen or Passaic County and some areas of Essex, Hudson, or Union County (if you have a family member that is also an existing member you can join.)
- Direct deposit required: Yes, $300+
- Additional requirements: eStatements, online banking (SnapCash), banking app and debit card rewards
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Expiration date: October 31st, 2015
The Offer
- Earn up to $100 from First Jersey Credit Union when you open a Freedom checking account, bonus is broken down as follows:
- Open Freedom checking and set up a direct deposit of at least $300 and receive $50
- Download the First Jersey TouchBanking app and manage your money from your smartphone and receive $15
- Enroll in SnapCash, the online financial management tool that lets you track all your online banking accounts from one place and receive $15
- Sign up for free eStatements and save time, space and money and receive $15
- Get a MasterCard® debit card with rewards
- Receive a 2% APY when you open a bonus checking account and receive a direct deposit of $500+, enroll in online banking, enroll in eStatements and make at least 12 debit card transactions
The Fine Print
- Direct deposit must be received within 60 days of account opening, other account requirements also must be done within 60 days of account opening to receive bonus
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Neither account comes with any monthly fees, we weren’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
I wouldn’t recommend going for the 2% APY as there are much better rewards checking/high APY prepaid cards that are available. In terms of the bank bonus, we simply don’t have enough information to know if it’s a good deal or not (e.g is it a soft pull? Can it be funded with a credit card?) although there seem to be quiet a lot of requirements for a $100 bonus. There are definitely much better banking bonuses out there.
As always, you can see a full sortable list of all the checking & savings bonuses by going here.
Hat tip to Maximizing Money
