Posted by William Charles on July 28, 2016
Bank Account Bonuses no image

Published on July 28th, 2016 | by William Charles

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[PA only] Benchmark Federal Credit Union $100 Bonus

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: PA only [Branch locator]
  • Direct deposit required: $50 or more per month
  • Additional requirements: Online banking and eStatements, first 400 people only
  • Hard/soft pull: Hard pull
  • ChexSystems: Unknown 
  • Credit card funding: Unknown 
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Expiration date: August 31st, 2016

The Offer

Direct link to offer

  • Receive a $100 bonus when opening a Benchmark account with a Savings, Kasa Cash Checking account with a recurring direct deposit of at least $50 each month. Unfortunately the bonus is only for the first 400 members who join before August 31st. I have no idea if they will remove the promo after 400 people have joined or not.

The Fine Print

  • Bonus will be deposited within 90 days from account opening and all the conditions have been met
  • $100 Account Opening Bonus is for new members only and valid for first 400 members who join between 6/6/16 & 8/31/16
  • Monthly enrollment in online banking and receipt of electronic statements are conditions of these accounts
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Neither of the accounts have any monthly fees, I wasn’t able to find a fee schedule so I’m not sure if there is any early account termination fee or not.

Our Verdict

I really hate bonuses that have limited numbers and aren’t clear on what happens when they exceed those numbers. Because of this and the uncertainty regarding what counts as a direct deposit, hard/soft pull and credit card funding I can’t really recommend this bonus. You can view the bonuses we do recommend by going here.

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Matt
Matt

Membership Eligibility

To become a member of Benchmark Federal Credit Union you must live, work, worship, perform volunteer work, or attend school in Chester County, Pennsylvania. In addition, existing Benchmark Member’s family and immediate members of their household are eligible for membership. A family member is anyone who is related through blood, mariage, or adoption. An immediate member of household is defined as persons who live in the same residence and maintain a single economic unit. This definition excludes persons who live temporarily in a residence, fraternities, sororities, boarding houses, and college roommates.

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