Offer at a glance
- Maximum bonus amount: $100
- Availability: TX, requires .edu e-mail
- Direct deposit required: Yes, $1,000+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $1,000
- Monthly fees: None
- Early account termination fee: $15, six months
- Household limit: None listed
- Expiration date: July 31, 2025
Contents
The Offer
- University Credit Union is offering a $100 bonus when you open a new checking account and complete the following requirements:
- Set up direct deposits totaling at least $1,000 within your first 90 days of membership
The Fine Print
- New members residing in Texas or employed/enrolled at an accredited university or college within Texas. Proof may be required before payout.
- 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
According to the fee schedule there is a $15 fee if closed within six months of account opening
Our Verdict
Not as good as the $300 bonus that was previously offered and only available in TX now.
Hat tip to ShawntheShawn
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
P1 and P2 got rejected. Both are students in Texas and have .edu email.
“Thank you for your interest in becoming a member-owner of University Credit Union. We regret to inform you that we were unable to approve your application because it did not meet our membership requirements.”
The terms are pretty clear that all Texas residents should be eligible for the promotion. That being said, on the online application there is no membership eligibility option that includes residency status as a way to qualify for membership (vs. the promotion). However, there is an option to support the UCLA Mattel Children’s Hospital or other university support organization.
Donated some money to the hospital and submitted an application, which is “in review.” Worst case, I supported a children’s hospital, which is always a good thing. Best case, account is approved and I get the bonus. Let’s see what happens.
Update: Application was approved, no question asked. Chex is relatively high, applied with it unfrozen.
CC and Google Pay funding showed up as funding options ($5-1k) but never worked, despite trying on different devices/browsers. Phone support was nice but did not solve the problem.
Real DD went in, appears this is one of those banks that posts 4 biz days early, which is cool. Online banking interface is decent but it they don’t have Zelle.
does this offer work if you are enrolled at a Texas university but you are a virtual student living somewhere else?
Unless I’m misinterpreting the terms, I don’t think you necessarily have to have a student email:
I agree with you. I think that part was copied from the title of the post for a previous offer which required an .edu email.
Unless something has changed in the last few weeks, CC funding is limited to $1k (not $5k as stated in the post).
William Charles
Fixed
I’m a bit puzzled by the statement ‘Our Verdict: Not as good as the $300 bonus previously offered, now only available in TX,’ especially since the link https://www.ucu.org/texas-new-members redirects me to ‘Texas: Get up to $300 by joining University Credit Union!’ It seems the current offer is $300, not $100, and it expires on July 31, 2025.
If you scroll down a little more you can see that there are separate $100 bonuses that equal up to $300. The checking account bonus only accounts for $100.
Checking is $100 bonus. Credit Card is an additional $100 and $100 for a consumer loan.
Watching comments here if anyone has way to get .edu email as mine is no longer working.
Enroll at your local community college.
You can get one at eBay for five dollars. Address, i converted the site address to smaller URL because it’s long: tinyurl dot com/eduforfive
Seems to be sold out atm.
I see, thanks for the info!