Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $100
- Availability:Â TX
- Direct deposit required:Â Yes, $500+
- 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 None listed
- Household limit:Â None
- Expiration date:Â August 31, 2022
Contents
The Offer
- Southwest 66 Credit Union is offering a $100 bonus when you complete the following requirements:
- Receive at least one direct deposit that totals $500+
- Sign up for eStatements
The Fine Print
- Promotional period begins June 15, 2022 and ends August 31, 2022.
- Free checking account must be opened during promotional period and receive at least one direct deposit within 60 days of account opening and signed up for eStatements to qualify.
- The $100 account credit will be awarded upon confirmation of then active Checking Account with Direct Deposit.
- Qualifying Direct Deposit is a credit of your salary, pension, social security or other regular monthly income that totals a minimum of $500 per month.
- Transfers from one account to another or other non-income deposits do not qualify as direct deposit. Applies to new member accounts only.
- Primary signer on the new checking account must be at least 18 years of age and may not be or have been a primary or joint signer on any personal checking account at SW66CU.
- Cannot be combined with any other offer.
- Limited time only.
- SW66CU reserves the right to discontinue the program at any time without notice as well as to disqualify members from this promotion at its sole discretion.
- 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.
Early Account Termination Fee
I wasn’t able to find any fee schedule so unsure if there is any early account termination fee.
Our Verdict
Small bonus that might be worth doing depending on if it’s a hard or soft pull.
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
This came back but only through Feb 28 https://southwest66.com/FreeCk23
Locations only in Odessa and midland, not sure if big cities in Texas will qualify
No monthly service fee when $500 balance maintained
Ice You are right — here is the membership eligibility:
“With our community charter in place, anyone who lives, works, or worships in Midland or Ector county may join the Credit Union. Membership is also open to the employees of sponsoring companies and relatives of persons eligible for membership.”