[UT only] Mountain America Credit Union $100 Checking Bonus

Offer at a glance

• Maximum bonus amount: $100
• Availability: UT only, see below
• Direct deposit required: Yes, no minimum specified
• Additional requirements: See below
• Hard/soft pull: Hard pull via Experian
• ChexSystems: Unknown
• Credit card funding: You can fund with a credit card but a 2.5% fee is charged ($4.95 flat fee for debit cards).
• Monthly fees: $4, avoidable
• Early account termination fee: Six months or bonus is forfeited
• Household limit: One
• Expiration date: None mentioned

The Offer

Direct link to offer

• Mountain America Credit Union is offering a $100 bonus when you open a new MyStyle Checking account when you complete the following requirements:
  • Use promo code BOUV
  • Sign up for eStatements at account set up
  • Initiate a monthly direct deposit such as payroll, pension, unemployment, social security or other government benefits within 60 days of coupon redemption

The Fine Print

• eStatements and monthly direct deposit required.
• Account must remain open for at least six months or reward will be debited from account at closing.
• Reward will be deposited into account within 30 business days after eStatement setup and initial direct deposit posting.
• Limit one reward per person, per household.
• Offer not available on MyFree CheckingSM, secondary accounts, account conversions or in combination with any other offer.
• Reward is considered interest and will be reported on IRS Form 1099-INT.
• Limited time only.
•  Promo code: BOUV

Eligibility

• Need to live in one of the following areas: Salt Lake County, Duchesne County, Wasatch County in UT census tract 940300, or Uintah County in UT census tract 940100 or 940200 or
• Work for one of the Select Employer Groups or
• Have an immediate family member that is already a member
• Be a nationwide PTA member

Avoiding Fees

MyStyle Checking Account $4

This account has a $4 monthly fee. It’s waived with four qualifying services. The qualifying services are:

• Bill Pay
• Debit Card
• HELOC
•  Credit Card
• Direct Deposit
• Minimum Balance $500
• Online Relationship
• Senior Discount
•  eStatement
• Mobile Check Deposit
• Investment Relationship

In April they are changing the fee structure on this account as well.

Early Account Termination Fee

It does need to be kept open for six months otherwise the bonus is forfeit.

Our Verdict

They have offered a $150 bonus in the past. Given that it’s a hard pull to open I don’t think either bonus is seriously worth considering (much easier to get a credit card sign up bonus, these aren’t taxed either). Mountain America do offer a 3% bonus on balance transfers with their credit card, so those thinking about going for that bonus might want to sign up for this account first. I won’t be adding this to our best bank bonus page.

Big thanks to reader Curmudgeon for sending these through.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
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• 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
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