Bonus now down to $100.
Offer at a glance
- Maximum bonus amount: $100
- Availability:Â In branch only, all branches are in Springfield, MA
- Direct deposit required:Â Yes, no minimum specified
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Arrha credit union is offering a bonus of up to $150 when you open a new checking account and complete the following requirements:
- $25 when you dump your old checks from another bank when you sign up
- $25 when you sign up for direct deposit
- $25 when you sign up and use your Visa debit card
- $25 when you sign up and use free online bill pay
- $25 when you refer a friend and they open an account
- $25 when you keep your checking account open for 12 months
The Fine Print
- 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 full fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
A lot of requirements for such a small bonus. For most people it won’t be worth the effort involved, but if you’ve already done all of the other better checking bonuses and you live near a branch then this might be worth doing I guess.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times
Think I’ll pass, but, for anyone who really really wants an account with this bank, if you go to https://www.arrhacu.com/checking-savings, there’s a pop-up offering an Echo Dot speaker when you open a personal or business account. Not sure if it’s stackable with the Switch-It-Up program (they direct you to call/email the branch manager, not open an account directly then). Should be a nice extra if you do the personal one; doesn’t really seem like biz checking counts for Switch-It-Up, which is too bad, cause there seems to be(?)maybe(?) a $100/mo DD requirement for one or both personal checking bonuses.
William Charles 
Chuck
Here are the full terms:
Free Checking + Gift!*
Open a Free Business or Personal Checking account to receive a FREE Echo Dot Smart speaker with clock and Alexa.
*Open a Free Business or Personal Checking account and receive an Echo Dot 4. Value of gift $70.00. Limited time offer. While supplies last. Just keep your Arrha Checking Account open for 12 months and sign up for direct deposit of a minimum of $100 each month. Members could pay overdraft service fees if their balances fall below zero. Must open a Membership Savings Account with a minimum of $25.00 to become a member. Business checking does not require direct deposit.
The link died on some day of Nov or Dec 2021. Now the opening bonus is $100: https://www.arrhacu.com/become-a-member