Deal has expired, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability:Â Norwalk, CT branch only
- Direct deposit required:Â Yes, no minimum mentioned
- Additional requirements:Â Maintain an average daily balance of $5,000+ for 3 months
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees:Â None
- Early account termination fee:Â None listed
- Household limit:Â None listed
- Expiration date:Â November 17th, 2019
Contents
The Offer
- Mutual Security Credit Union is offering a bonus of $250 when you open a new checking account at their new Norwalk location and complete the following requirements:
- Establish a direct deposit (no minimum mentioned)
- Maintain an average daily balance of $5,000 for 3 months
The Fine Print
- Offer only applicable to new memberships opened at MSCU Norwalk with checking accounts.
- Not valid for existing account holders. $250 will be deposited into the checking account after ninety (90) days of establishing direct deposit and maintaining an average monthly balance of $5,000
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Back to basics checking account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in the fee schedule
Our Verdict
Has the potential to be a good bonus worth doing, but we need to know if it’s a soft or hard pull to open. As it requires opening in branch it should be possible to ask before opening the account. If anybody goes for this deal then please share your experiences in the comments below.
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