Update 4/2/24: Extended until June 30, 2024
Update 1/4/24: March 31, 2024
Update 5/31/23: Extended until December 31, 2023.
Update 5/24/23: Deal is back and valid until 5/31/23.
Offer at a glance
- Maximum bonus amount: $250
- Availability: WA only
- Direct deposit required: Yes, $100+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Mixed datapoints
- Monthly fees: $0-$5, avoidable
- Early account termination fee: None listed
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- WECU is offering a checking bonus of up to $250.
- open a new True Blue Rewards account, set up and receive a direct deposit of $100 or more into that new account within sixty (60) days of account opening and receive a $250 bonus
- open a new Spend Free account, set up and receive a direct deposit of $100 or more into that new account within sixty (60) days of account opening and receive a $100 bonus
The Fine Print
- Offer is available for a limited time to qualifying individuals who have not been a member in the last twelve (12) months. Requirements to receive the $250 bonus: open a new True Blue Rewards account, set up and receive a direct deposit of $100 or more into that new account within sixty (60) days of account opening. Bonus will be deposited into the account on day 61, if requirements are met. Offer expires December 31, 2022. WECU may change or discontinue this offer without notice.
- Offer is available for a limited time to qualifying individuals who have not been a member in the last twelve (12) months. Requirements to receive the $100 bonus: open a new Spend Free account, set up and receive a direct deposit of $100 or more into that new account within sixty (60) days of account opening. Bonus will be deposited into the account on day 61, if requirements are met. Offer expires December 31, 2022. WECU may change or discontinue this offer without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- First step checking has no monthly fees
- True Blue Rewards checking has a $5 monthly fee, this is waived with a direct deposit of $100+
Early Account Termination Fee
I didn’t see any early account termination fee in the fee schedule.
Our Verdict
Seems like an easy bonus to trigger, although keep the account fee free with a direct deposit is a little bit annoying but worse case you can just pay a $5 fee.
Hat tip to reader Cyril
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
Used Wise for “DD”.
Opened account: 1/24/24Received $250 Welcome bonus: 3/25/24
if any of my extended family could send a referral to [email protected] that would be much appreciated
Any of my long lost siblings able to give me a referral? [email protected]
DP:
Applied online, unable to verify identity. Support said to go in-branch
2/23: Online application approved in-branch, required a manager override. In-branch approval used all the info in the online application, including funding 5k on Chase IHG Business as a purchase.
DP: 2/18 Funded $5k with Chase Marriott Boundless and coded as a purchase.
Opened WECU checking account on 10/31 (the one with the monthly fees and higher bonus). 11/1 $101 Sofi push (coded as “ACH Deposit- Transfer), 11/6 $501.27 Wise Transfer (coded as “ACH Deposit Wise Inc- Payroll from (my name) via WISE”), 11/10 $201.28 Ally Push (coded as “ACH Deposit (my name) M2M P2P”), another 201.28 Ally Push on 12/8. Never received any monthly fees. 12/31 $250 WECU Welcome Bonus received. I am not sure which triggered the bonus or if they all counted.
Offer has been extended to “March 31, 2024”
Account opened on 10/30/23
Bonus received on 12/30/23
Messaged and chatted to switch account to spend free but were asked to call. I was thinking maybe I should just close it since they require calls for everything. Anyone close it right after receiving bonus?
DP: Funded $5k with CitiBusiness AAdvantage card, posted as a purchase. There’s no explicit credit card option but I selected the debit card option and had set the cash advance limit to $100 on the card.
just chatted with WECU, said that if you have any existing account or membership it is a soft pull, otherwise its a hard pull.