Offer at a glance
- Maximum bonus amount: $200
- Availability: Certain counties in TX, more information here.
- Direct deposit required: Yes, $500+
- Additional requirements: See below
- Hard/soft pull: Old data points say hard pull, new datapoints say soft pull
- ChexSystems: Unknown
- Credit card funding: Can fund up to $2,500 with a credit card per account
- Monthly fees: $5, avoidable
- Early account termination fee: No early account termination fee
- Household limit: None listed
- Expiration date:
Contents
The Offer
- TDECU is offering a bonus of $200 when you open a new TDECU forward checking account and complete the following requirements:
- Receive a recurring direct deposit of $500+ 11/30
The Fine Print
- Recurring direct deposit must be set up by 9/15/19 to qualify for $200 reward.
- Rewards will be deposited into your main share/savings account within 60 days after meeting offer requirements and are considered interest and will be reported on IRS Form 1099-INT. Insured by NCUA.
- Offer not valid on existing Forward Checking or Credit Card accounts
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Forward checking has a monthly fee $5, this is waived if you meet the following requirements:
- Enroll in mobile deposit
- have a recurring direct deposit or make at least six debit card transactions per month
Early Account Termination Fee
There is no early account termination fee
Our Verdict
The credit cards they offer are basically useless, so this is really just a $200 checking bonus. Previous best was $150, but that was on an account with no monthly fee.
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
After being denied online, I was asked to visit the branch to show my ID. Branch wanted to start a new application. I asked if they allow credit card funding. They said no. I walked out.
I applied for two accounts and funded 5000 with credit card. The application was denied the second day
I am a Houston resident.
What could be the reason,?
I’m also interested in this for MS purposes. Can you or anyone here help a brother out and refer me as a step “relative” from the Houston area?
I’m also interested in this for MS purposes. Can you or anyone here help a brother out and refer me as a step “relative” from the Houston area?
sure, send me your email, first and last name and I can put it in for referal
DP: Used my Amex Marriott Business Credit Card for $2000 funding. Coded as purchase.
I know this bonus expired, but want to open account for MSR purposes. Any advice for OOS ?
payyoutuesday
I think several of us got denied due to Chex. They will charge your card right away then refund you later when they deny you. At least that was the case for me.
Not related to this bonus exactly, but another AMEX DP and confirmation the accounts can be opened/closed.
I closed account in October last year and needed to complete another MSR (BBP with a large credit line), so I decided to try and open this account a second time (without bonus).
I applied earlier this week and was approved the next day. Funded all 4 accounts with 2.5k using the BBP (10k total). Amex card number still triggers the “error” I mention last time saying that it’s not a valid card number, but the charge was taken just fine and the balance for each account was deposited the day following my account approval and all were noted as “available” balance, so it seems they sped up their processing/hold time vs the last time I posted (June).
Anyone tried Capital One funding with this bank? I want to use my Venture card, but don’t want it to code as cash advance. Thank you!
I applied for an account to meet MSR on a new Amex BGR card. I live in one of the designated counties so I’m not worried about the bonus being denied. I was able to charge $7.5k to the card, $2.5k/account. I haven’t been able to move any of it yet, but the charge has been applied to my card as shows in the accounts.
For me, the hard pull is worth the 7.5/10k MSR of the BGR so I’m pleased that I should be able to get a bank bonus out of this as well.
declined bonus, no real DD, not in houston, escalated to supervisor but they flat out declined saying because its not payroll DD.
filed CFPB complaint but they won’t handle it so they forward it to NCUA. NCUA response saying that its not within their responsibility, suggested me to contact Texas Credit Union Department. I gave up.
If you don’t have real DDs, you either get the bonus or you don’t. But you don’t protest the outcome, because you didn’t meet the terms of the bonus offer!
True, but doesn’t hurt to try
But it can hurt, as
Betelgeuse pointed out. See DoC’s article: https://www.doctorofcredit.com/dont-call-the-bank/
Well, what else you can do though ? Doing nothing won’t change the situation. By calling there is some hope, however small it may be.
You tried to game the system with fake DDs; it didn’t work. What if there are some fake DDs that do work at this CU? The only thing you are doing by pursuing your baseless complaint is drawing attention to these loopholes. If everyone reacted the way you have, these loopholes wouldn’t even exist. Just move on when fake DDs don’t work. It’s in everybody’s long-term interests, even yours.
Arguably its still a technically a real DD. No where in the requirement mention a specific type of DD.
Yeah contacting the bank when not using real dd just brings it to their attention that people are using fake dd to get bonuses.
I had real Payroll DD’s. Did not get the bonus initially, contacted TDECU and nothing happened. Filed CFPB and they forwarded to NCUA, then Texas Credit Union. But all this was done automatically. Someone from Texas Credit Union contacted me this morning, got my bonus later in the day lol. All this took approx 2 months. For those in the same boat, if you do file a complaint just go straight to Texas Credit Union