[TX only] First Basin Credit Union Checking $200 Referral Bonus For Both Parties

Offer at a glance

• Maximum bonus amount: $200 ($250 with a loan or credit card)
• Availability: Must live, work, worship or attend school in one of 16 counties in TX. Eligible counties can be found here
• Direct deposit required: Yes, two direct deposits of $300+ required for the full bonus
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• First Basin Credit Union is offering the ability to refer friends and family. When doing so you can both earn up to $250 ($50 requires a credit card or loan so we haven’t included it in the title). Bonuses are broken down as follows:
  • Open a savings account and checking account and receive $50
  • Enroll in free online banking and eStatements and receive $50
  • Enroll in direct deposit with a minimum $300 deposit and receive two of these direct deposit and receive $100

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

Both the checking & savings accounts have no monthly fees to worry about.

Early Account Termination Fee

There is no mention of an early account termination fee in the fee schedule.

Our Verdict

Seems like a fairly good bonus, especially if the person that refers you will split some of the bonus with you or if you can get some friends/family members to sign up. We still don’t know if it’s a hard or soft pull to open the account unfortunately, if anybody knows feel free to share in the comments below. Also feel free to share your referral information in the comments section as well.

Hat tip to ragormack

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• Introduction To ChexSystems
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• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
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