Offer at a glance
- Maximum bonus amount: $150
- Availability: TX, in branch only. [Branch locations]
- Direct deposit required: Yes, $250+
- Additional requirements: Make a debit card transaction
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Gulf Coast Federal Credit Union is offering a bonus of $150 when you complete the following requirements:
- Open your first consumer share draft checking account with a $25 minimum opening balance
- Establish a qualifying direct deposit of $250 or more within 60 days of account opening
- Activate and make a signature or PIn purchase with debit card within 60 days of account opening
The Fine Print
- Qualfiying direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as social security0 from your employer or the government
- The bonus will be credit within 60 days after the requirements have beeb met
- Not available to existing customers or those who have closed their accounts within the last 12 months
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Basic share draft account has no monthly fee to worry about
Early Account Termination Fee
I wasn’t able to find any mention of any early account termination fee in the fee schedule.
Our Verdict
Obviously need to know if this is a soft or hard pull to determine whether it’s worth signing up for or not. Even if it’s a soft pull the fact it’s in branch only and only a bonus of $150 means it’s definitely on the lower side. Confirmed hard pull so not worth it.If anybody goes for this bonus, please share your experiences in the comments below. For now I won’t be adding this to our list of the best checking account bonuses. .
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
