Update 7/2/22: Deal is back. Hat tip to alopez14
Offer at a glance
- Maximum bonus amount: $100
- Availability: OH only [Branch locator]
- Direct deposit required: Yes, but says ACH will work
- Additional requirements: 10 debit card transactions
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $3.95, waivable
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: May 31st, 2019
Contents
The Offer
- PSE Credit Union is offering a bonus of $100 when you open a new deluxe checking account and complete the following requirements within 60 days of account opening:
- Set up direct deposit/ACH
- Perform 10 debit card transactions
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $3.95 monthly fee ($4.95 monthly fee with paper statements). No way to avoid the monthly fee.
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Even though a direct deposit isn’t required I don’t think this bonus is worth considering due to the fact it’s only for $100 and there is a monthly fee that can’t be avoided. Because of that we won’t be adding this to our list of the best checking bonuses.
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
