Offer at a glance
- Maximum bonus amount: $100
- Availability: Waukee branch is located at 1195 SE Alice’s Road
- Direct deposit required: No
- Additional requirements: 30 debit card transactions totaling $150
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $25, two months
- Household limit: None
- Expiration date: None listed
The Offer
- Greater Iowa Credit Union is offering a $100 checking bonus when you open a new account at their Waukee branch and complete the following requirements:
- Qualify for debit account at account opening
- Use debit card at least 30 times in the first 90 days for a total minimum of $150 in transactions
The Fine Print
- Offer only available at GICU Waukee branch for personal checking accounts age 18 and older.
- To qualify for $100 bonus account holder must qualify for debit card at time of account opening and use debit card for minimum of 30 times in first 90 days following account opening totaling minimum of $150 in transactions; does not include ATM use.
- Limit one account per tax ID.
- If criteria met, $100 bonus will be deposited into qualifying member checking account in first month following first 90 days of account opening. $100 bonus may be considered income; consult your tax advisor.
- Offer excludes Fresh Start Checking account.Must become a member of Greater Iowa Credit Union for eligibility to offers above.
- Must complete an Account Card and open a Regular Share Account (RSA).
- The basic share deposit you must always keep in your RSA is $5.00.
- Please see GICU for complete details on all offers.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The basic blue free checking account has no monthly fee. There is a dormant account fee of $10 per month after 6 months of no activity. There is an early account termination fee of $25 if closed within the first two months.
Our Verdict
I generally don’t recommend fairly small bonuses that are in branch only, but if you live near a branch and it turns out that this is a soft pull then it isn’t a terrible deal as there is no direct deposit requirement and no monthly fees to worry about. The amount of debit card transactions required is a lot, but you can get some ideas for meeting them here. Just keep in mind the $150 spend needed. We won’t be adding this to our best bonus page just yet.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
To clarify, it’s 30 debit card transactions totaling at least $150 in the first 90 days of account opening – or $5 per transaction/10 per month average. Does not need to be 30 in one month, etc.so not all that stiff of a requirement.Fairly easy to achieve if you use a debit card for things like filling your tank and buying groceries each week.
Thanks.