Published on February 9th, 2019 | by William Charles

[Expired] [WA only] Salal Credit Union $150 Checking Bonus – Direct Deposit Not Required

Bonus has expired, view the best current checking bonuses by clicking here

Offer at a glance

Maximum bonus amount: $150
Availability: WA only
Direct deposit required: None
Additional requirements: 30 debit card transactions
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: $10, 90 days
Household limit: One
Expiration date: March 31st, 2019

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Salal Credit Union is offering a bonus of $150 when you open a new checking account and complete the following requirements:
- Make at least 30 debit card transactions within the first 90 days

The Fine Print

Offer good on new checking accounts opened 2/1/19 through 3/31/19.
Limit one per household.
To be eligible for $150, you cannot have had a Salal checking account in the prior 6 months, the account must be open and in good standing at least 90 days, and you must make at least 30 debit card transactions within first 90 days.
This special cash offer is subject to IRS reporting.
The $150 will be deposited to eligible accounts within four months of opening. All Salal accounts are subject to approval.
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 to worry about

Early Account Termination Fee

There is an early account termination fee of $10 if closed within 90 days.

Our Verdict

Always nice to see bonuses with no direct deposit requirement or monthly fees, the downside is that you need to make 30 debit card transactions. For ideas on how to easily hit that requirement, read this post. As it is a soft pull we will add it to the list of best bank bonuses.

Big thanks to reader, Jeff G who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

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9ballAJ

Early Membership closure, $10 fee within 90 days. https://s10523.pcdn.co/wp-content/uploads/2015/08/Consumer_Product_and_Fee_Disclosure.pdf

gmoney

Applied online, instant approval. No credit card funding. I did not receive any notifications of a hard pull, but will update if I do. I was preapproved for some of their crappy credit cards and an auto loan too.

Brain

The APR on the carts were actually not too terrible 10-12% and the vehicle loan of 4.25% is kind of bad but not the worst I’ve seen out there.

gmoney

True, but credit card APR is irrelevant to me. I’m talking about signup bonuses and perks. If you plan on carrying a balance on a credit card you should not be applying for a credit card, hence APR could be 100% and I wouldn’t care.

Nosnowjustice

Just applied for their no fee checking account, minimum $25.00 to open via transfer or mailed check, no credit card funding. No word on if approved or not, at the end of the application it said a bank rep will contact me soon. At least it didn’t auto reject me at 14/24.

Nosnowjustice

I was called today by their Customer Outreach rep and approved. Offered a variety of products, some ok, but no hard pulls and the account is open! Let’s see how quickly they can pay out.

Dick Bupkiss

First you say…

> Household limit: None listed

Then you say…

> Limit one per household.

William Charles

Fixed, thanks.

Zoidberg_Homeowner

No hard pull so far. Instantly approved at 19/24. It did say they will contact me soon but the application status page says approved.

Yoni

FWIW Salal is the rare “bank” that willing to offer banking services to Cannabis businesses. They also fiance a large amount of “green” biz (solar and renewable). This is this the extent of my green business experience with Salal.

mike

mine went pending.

I applied for a My Checking account on 2/6 and was instantly approved, although approval page did not show a member or account number. Today I missed a call from a “Member Outreach Advocate” who said she was “reaching out” about my application but didn’t offer any details. I tried calling back but reached her voicemail, so still not sure what info she needs from me.

Interesting to note that the CSR could tell the phone number I provided on my application is a Google Voice number and wanted to know my “actual phone number.”

Deftek

Will Amazon refills work? Do banks ever care if they see these?

I plan to fulfill this using Amazon refills. I did 10 today, and I will do two more sets of 10 over the next week or so and report back on the results.

Jonathan Whitefield

Did it work? I am thinking of signing up as well, but won’t if the Amazon trick doesn’t do it for this account…

I did the Amazon reloads last week, but no bonus yet. The terms say the account must be open and in good standing for 90 days and that the bonus will be deposited within four months of account opening. Time will tell I guess.

Korey

Bonus post?

Nothing yet

Uber

Any luck?

Still not yet.

It will be 90 days from account opening in late May, so with the requirement of good standing for 90 days, I would expect the bonus some time between late May and late June.

Anybody else get the bonus yet?

Bonus posted 5/21/19 after opening 2/20/19, debit card transactions completed 3/8/19.

TygerHawke

Ran into a unique requirement for this one – If you’re not local to a branch, they will make you fill out an ‘Affidavit and Sworn Statement of Identity’, get it notarized, and snail-mail it in. Still not over the ‘not worth it’ threshold for $150 for me, but wanted to share that it could be a non-zero expense in terms of time and the cost of notary services and postage.

I had to do this too. Added a quick stop at a local bank (free notary services) and one stamp to the requirements to get this bonus.

Anna

I signed up online but must have typo’d my drivers license number because it went to pending. When rep called, that was the only thing she needed; however, it sounded like they did a hard pull. The rep didn’t specifically say those words, but after I had given my verbal approval to open the account, she said “And since we check your credit when opening the account, would you like to hear what credit cards we offer?” It pissed me off so much I forgot to confirm it was indeed a hard pull. It only went through yesterday so it’s not shown up on any credit report sites yet, so I can’t be 100%, but if/when it does show up, I’ll edit post to include which bureau they pulled.
I wasn’t planning on getting any new cards right now, but it would have been nice to have it confirmed beyond “open the account”.

Rockycore

It wasn’t a hard pull, it was a soft pull. My accounts been open for 2-3 weeks and no pulls have shown up.

Daedalus

Update:
3/6/19: Opened account
3/22-29/19: Did 31 $0.50 amazon reloads
6/10/19: Bonus Posted

[Expired] [WA only] Salal Credit Union $150 Checking Bonus – Direct Deposit Not Required

The Offer

The Fine Print