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Offer at a glance
- Maximum bonus amount: $300
- Availability: Nationwide when you join through ACC
- Direct deposit required: Yes, $1,000+ within 90 days
- Additional requirements:
- Hard/soft pull: Soft pull (reports need to be unfrozen)
- ChexSystems: Unknown (somewhat sensitive, seem to care most about inquiries in the last 90 days)
- Credit card funding: Up to $100
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None listed
Contents
The Offer
- The Police Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Make ongoing direct deposits totaling $1000 or more within 90 days of Checking Account opening
The Fine Print
- To qualify for the $300 bonus, the new member must open a new TPCU Checking account within 90 calendar days of their initial join date, a minimum recurring qualifying direct deposit of $1,000 monthly, must be deposited within 90 days of checking account opening (two direct deposits of $500 are acceptable).
- Qualifying direct deposits are deposits of regular monthly income (such as your salary, pension, or Social Security benefits) that are made by your employer or other payer using the account and routing numbers that you provide to them.
- The bonus will be deposited into the new checking account within 60 business days after meeting the $1,000 direct deposit requirement.
- 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 any EATF.
Our Verdict
Seems difficult to get approved if you have many inquiries in the last 90 days. Overall the bonus is good and worth doing if you can get approved. Suspect it might die early so hop on it if you’re interested. Will add to our best bank account bonuses.
Hat tip to Xavier
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
