Update 12/9/23: Deal is now $250 and available in more counties (Morris Essex Union Somerset).
Update 5/24/20: Deal is back, no end date listed. Hat tip to IS250
Offer at a glance
- Maximum bonus amount: $150
- Availability: live, work, worship or attend school in Morris County, New Jersey. Morris Essex Union Somerset
- Direct deposit required: $500+, says full pay
- Additional requirements: Use promo code EVENT$150
- Hard/soft pull: Soft pull
- ChexSystems: Yes, not sensitive
- Credit card funding: Up to $500
- Monthly fees: None
- Early account termination fee: Bonus forfeit if closed within 6 months
- Household limit: None listed
- Expiration date:
May 31st, 2019None listed
The Offer
- Open a new free checking account from Picatinny Credit Union and receive a bonus of $150 when you complete the following requirements:
- You must use the promo code EVENT$250
- Initiate a repeating direct deposit of $500+ your full pay, social security or pension into your account within 60 days of account opening
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
- Checking account must remain open for 6 months or bonus will be forfeit
Avoiding Fees
This account does not have any monthly fees, they do require you to keep it open for six months to avoid any early account termination fee though.
Our Verdict
Might be worth doing if you live in the area due to the fact it’s a soft pull to open the account, but that will really depend if you’ve done all the better bonuses that are available already. For now we have added our best bonus list, but towards the very bottom. Share your experiences with this bank and bonus in the comments below.
Hat tip to IS250
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
Post history:
- Update 5/18/19: Deal has been increased to $175
Opened online: 11-Dec
Real DD: 22-Dec
Real DD: 5-Jan
Waited ~90 days from account opening and called today, 15-Mar, about the bonus. They did a manual check and deposited the $250 bonus same day.
Does anyone know if this $250 bonus can stack with the $75 referral bonus?
Looks like this link is dead.
yeah, but you can still find the promotion on their website
Applied two days ago online. I just signed the application that was sent to me in my email via DocuSign. I did not find any place to enter the promo code. Waiting for the final email with account details now. The plan is to discuss with the rep if they call me with the new account details. 🙂
There is no place to add the promo code in the application. They called me to finalize my account opening and when I asked about they bonus they said that once the DD goes through AND the account has been opened for at least 3 months to call back at extension 402. They will manually verify that the requirements were met and then manually deposit the bonus.
uh uh so that means 500 dd required for at least 2 months maybe 3….still ok I guess for 250 but requires a bit more work now.
Does the bank accept any ACH as Dd?
I applied but didn’t see any place that asked for the promo code. did I miss something?
Is this $250 or $150? Confused by the post and the link to the offer is broken.
The offer is not difficult to find, and the link is fine. The broken one is you.
Has anyone had luck opening this account without going in branch?
Will they close account or otherwise penalize you if you were to do just 1 DD or must you continue to keep DDs up for the entire 6 month period?