Offer at a glance
- Maximum bonus amount: 200 dollars
- Availability: If you live, work or worship in Pennsylvania’s Lackawanna, Luzerne, Wayne or Wyoming counties, you can bank with Penn East
- Direct deposit required: Yes, $500+ per month for three months
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: ANY
- Early account closure fee: ANY
- Family boundary: ANY
- Expiration date: ANY
Offers
- Penn East Federal Credit Union offers a $125 bonus when you open a new checking account and meet the following requirements:
- Open a new Rewards Checking account
- Set up a recurring direct deposit
- Register for online banking and eStatements
- Use your new debit card at least 12 times per month in 3 of your first 4 months
Fine Press
- Offer valid only for new Rewards Control account members; offer not valid for existing member rewards checking account holders.
- Must be eligible for Penn East FCU membership.
- Existing PEFCU members opening a new Rewards Checking Account are eligible if the qualifiers are met and funded with new money not already on deposit with PEFCU.
- $200.00 will be earned when a new member rewards checking account is opened, a PEFCU debit card is activated, twelve (12) pinless debit card transactions are completed in three months within the first four months of account opening, the new member enrolls in Online Banking, elects to receive Electronic Statements and a qualifying deposit for at least three(0) months plus is 3(0) month deposit direct. made to the member’s new Rewards checking account within 90 days of account opening.
- A qualifying direct deposit is defined as a recurring electronic deposit into the checking account of payroll, pension, Social Security, government benefits, or other eligible regular monthly income made through the Automated Clearing House (ACH) network.
- New money is defined as money that is not currently in a PEFCU account(s). Accounts must be in good standing to qualify for the bonus.
- One bonus per individual.
- Eligible members will receive a $200 bonus in their Penn East FCU Member Rewards checking account on the first (first) business day after one hundred twenty (120) calendar days from account opening. All requests must be completed within one hundred twenty (120) days.
- The bonus will be reported on IRS Form 1099-INT. The value of the bonus may be considered taxable income; please consult your tax advisor.
- This offer can be terminated at any time.
- For specific product information, please contact your Penn East FCU branch. Federally insured by NCUA.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Neither account has monthly fees to worry about.
Early account termination fee
I didn’t see any mention of any EATF in the fee schedule.
Our verdict
It should be valid if you live in an eligible area.
Hat tip to the reader Bockrr
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