PSECU $100 Teen Checking Bonus, Direct Deposit Not Required

Offer at a glance

• Maximum bonus amount: $300
• Availability: PA only, nationwide if you become Pennsylvania Recreation and Park Society (PRPS) for $20. See this comment.
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Hard pull
• ChexSystems: Yes
• Credit card funding: Up to $100 with a Visa or Mastercard
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: December 31, 2025

The Offer

Direct link to offer

• PSECU is offering a $100 bonus when you open a teen checking account and complete the following requirements:
  • Open a Teen Bank Account with a Checking Account and debit card using promo code TEEN.
  • Sign up and log into digital banking (online or mobile).
  • Make five qualifying transactions – transfers, deposits, and debit card purchases.

The Fine Print

• From 4/1/25 to 12/31/25, PSECU is running a teen account promotion.
• To receive $100, new members, age 13 through 17 must sign up with a teen account with promotional code TEEN via the online application through psecu.com/youth and satisfy each of the requirements listed below.
• Paper applications are not eligible for this promotion. “Teen account” is defined as an account where the primary owner of the account is the teen and the adult is a joint owner on the teen account.
• The teen’s information will need to be within the Primary Applicant fields and the adult’s information will need to be within the Joint Applicant’s fields within the Youth Savings Share application.
• After the first 60 days from establishing membership, your status to receive the bonus will be assessed and processed, which can take up to 30 days.
• This means, if all requirements are met, you can expect your bonus to be deposited into your Regular savings share within 105 days from establishing membership.
• Promotion open to U.S. Residents who are between the ages of 13 – 17 (Minor) at the time membership for the Minor and a Joint Owner is established by a Joint Owner who is at least 18 year of age on behalf of the minor.
• Limit one (1) new teen account promotion $100 per tax identification number used to open a new PSECU account.
• Joint owners listed on accounts are not eligible to be rewarded for this bonus.
• You will not be eligible for the $100 Teen promotion if the minor is a current PSECU member, has closed an account within the past 12 months, or has received any new member incentive bonus within the past 12 months.
• Members who open accounts and/or loans by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information, are not eligible to participate in this promotional offer.
• PSECU may adjust the deposited bonus or remove the deposited bonus at any time if PSECU suspects accounts and/or loans were opened by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information. $5 is required in the Youth Savings share to open and maintain a Teen Banking account.
• This $5 Youth Savings share deposit is also required to be eligible to receive the bonus, and the member must be in good standing as defined by PSECU’s Bylaws Article II, Section 1 to receive the bonus.
• A $5 minimum share purchase will be made on behalf of the new member by PSECU.
• If the member account is closed within the first year of membership, the initial $5 share will be retained by PSECU.
• The Annual Percentage Yield on PSECU’s Youth Savings is 4.00% on balances of $0.01 to $500.00 and 0.50% on balances of $501.00 and greater.
• This variable rate is current as of 02.01.2023 and may change.
• Withdrawals and fees may reduce earnings on the account. The recipient of the promotion ($100) is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional. The decisions to award a portion or total bonus is solely within PSECU’s discretion, and all decisions made by PSECU shall be final. PSECU may terminate or change the terms and conditions of this promotion without notice. Subject to all applicable federal, state, and local laws and regulations.
• See psecu.com/youth to learn more. $100 Teen Promotion (must be completed within 60 days of establishing membership)
• 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 didn’t see any mention of an early account termination fee in the fee schedule.

Our Verdict

There is a $300 checking account bonus for non teens. There is a hard pull but this shouldn’t really be a worry for teens. Always nice to see a bonus that is eligible for those under 18.

Hat tip to reader snailrock

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