[PA] Service 1st Federal Credit Union $300 Checking Bonus

Update 1/14/24: Extended until 12/31/2024.

Update 6/30/23: Extended until 12/31/2023.

Offer at a glance

• Maximum bonus amount: $300
• Availability: PA
• Direct deposit required: Yes, $250+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None listed
• Household limit: None listed
• Expiration date: 6/30/2023

The Offer

Direct link to offer

• Service 1st Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
  • $150 bonus when you accept the following upon opening:
    • accept a VISA® Check Card
    • Online Banking
    • Electronic Statements
  • $150 bonus when you receive a direct deposit of at least $250 within 30 days of account opening

The Fine Print

• $300 Cash Bonus Rules and Eligibility. Offer valid through 6/30/2023.
• Account opening and overdraft protection is subject to qualifications.
• Members with existing checking account(s) do not qualify.
• Offer does not apply to business accounts or multiple checking accounts.
• Member must accept a VISA® Check Card, Online Banking, and Electronic Statements upon account opening to receive $150.
• The $150 will be credited to a member’s account within 10 business days of opening a qualified checking account.
• Members can receive an additional $150 if they enroll in Direct Deposit.
• The first direct deposit must be credited to checking account within 30 days of checking account opening to receive an additional $150 cash bonus.
• Minimum direct deposit amount to receive this offer is a regular $250.00 deposit. Direct deposit is an automatic electronic deposit made to your account by someone else, such as an employer issuing payroll or a government agency paying benefits.
• It may not include deposits to your account that are made by an individual using online banking or an internet payment provider.
• The Checking Account must remain open for six months or the cash bonus ($150/$300) will be debited (subtracted) from the account balance at closing.
• The cash bonus is a credit that will post to the account within 30 days of the initial direct deposit. Some restrictions may apply.
• This offer may not be combined with any other promotion, except for the Service 1st Checking Bundle promotion.
• This offer can be modified or withdrawn at any time without notice. Cash incentive must be reported as taxable income.
• Please see a tax specialist for details.
• Savings account with a $5 minimum balance and one-time $1.00 membership fee is required.
• Membership eligibility required.
• **Members who have an inactive Service 1st Visa® Check Card for three (3) months or more will be assessed a dormant check card fee of $1.50 for each month the card remains inactive.
• 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 unsure if there is an early account termination fee or not.

Our Verdict

Need to know if this is a hard or soft pull, share your experiences in the comments below.

Hat tip to Woody

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