[Chester County, PA only] Benchmark Federal Credit Union $300 Bonus

Update 11/13/21: This is now a referral bonus (person referring gets $300 and person being referred gets $300)

Offer at a glance

• Maximum bonus amount: $300
• Availability: Chester County, PA only [Branch locator]
• Direct deposit required: $200 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: None listed

The Offer

Direct link to offer

• Benchmark Federal Credit Union is offering a bonus of $300 when you open an Ultimate checking account and complete the following requirements:
  • $200 monthly recurring Direct Deposit must post to account within 60 days from opening the Ultimate Checking Account

The Fine Print

• Ultimate Checking $300 Cash Bonus Promotion is subject to be withdrawn at Credit Union’s discretion & without prior written notice.
• Only allowed one Ultimate Checking per member SSN. $200 monthly recurring Direct Deposit must post to account within 60 days from opening the Ultimate Checking Account & $300 cash bonus will be deposited to account within 30 days from 1st recurring Direct Deposit posting to account.
• Bonus may be reported on a 1099-INT.
• $300 Ultimate Checking Promotion valid for qualified new Checking members only.
• Member must not have closed a Benchmark Checking Account within the last 12 months.
• 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 no monthly fees to worry about.

Early Account Termination Fee

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

Significantly better than the $100 previous bonus. Hard pulls don’t matter as much as they used to because of all the restrictions on getting credit cards. Probably worth doing for a lot of people, so we will add this to the best bank bonus page.

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