Offer at a glance
- Maximum bonus amount: $100
- Availability: Must live, work, worship or attend school in Washington D.C
- Direct deposit required: Yes, $500+
- Additional requirements: online banking, estatements, two bill pays and 15 signature debit card transactions
- Hard/soft pull: Hard pull
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None, but must keep account open for 90 days
- Expiration date: March 31st, 2016
The Offer
- Receive a sign up bonus of $100 when you open a free checking account with Andrews Federal Credit Union and complete the following requirements:
- Set up SmartConnect online banking
- Set up eStatements
- Receive a direct deposit of $500 or more
- Make at least two (2) bill payments with our SmartDebit online bill payment service
- Perform at least 15 signature based Visa Debit Card transactions
The Fine Print
- Requirements must be met within 90 days of account opening
- Account must remain open for 90 days; $100 credit will be posted to the checking account after the completion of the 90 day period and upon confirmation that the required account services were activated/completed
- You must be a member of Andrews Federal Credit Union with an open Base Share Savings account (minimum $5.00 balance) to open checking account; checking account is subject to approval
- Offer available to new members and to existing members (with no existing checking relationship with the credit union). Limit one (1) $100 credit per member
- Signature based transactions are debit card purchase transactions in which you sign to authorize the transaction versus entering a PIN; depending on the merchant, some signature based transactions may not actually require a signature. Selecting “Credit” versus “Debit” at the time of purchase will direct a signature based transaction
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There are no monthly fees on this account, but you do need to keep it open for at least 90 days otherwise you won’t receive the bonus.
Our Verdict
I don’t know what Andrew has been smoking, but there is no way I’d recommend signing up for this bonus unless you could fund a lot with a credit card. Simply too many requirements for a $100 bonus, especially when there are much better deals out there. This one is not for me (or you).
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To 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
“I don’t know what Andrew has been smoking, but there is no way I’d recommend signing up for this bonus unless you could fund a lot with a credit card”
Why did Doc stop writing like this?