Offer at a glance
- Maximum bonus amount: 250 dollars
- Availability: CT only. Must live or work within a 25 mile radius of an Alero branch. More adaptability here.
- Direct deposit required: Yes, $2,500+
- Additional requirements: ANY
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: $5.95, avoidable
- Early account closure fee: ANY
- Family boundary: ANY
- Expiration date: December 31, 2026
Offers
- Alero Financial offers a $250 bonus when you open a new Alero Plus or Fusion Plus checking account and meet the following requirements:
- Register for eDeclaration within 30 days from the date of opening the current account
- Receive at least $2,500 in qualified direct deposits within 90 days of checking account opening date
- Make 15 debit card purchases within 90 days of checking account opening date
Fine Press
- Eligibility: Offer is available to new Alero Financial members and existing members who do not currently have an open consumer checking account and who open a new qualifying Alero Plus or Fusion Plus qualifying account. Existing members with an active consumer checking account, including those opening an additional or secondary checking account, are not eligible. Limit one bonus per member, taxpayer identification number, and household. Employees, volunteers, officers and directors of Alero Financial are not eligible. Membership eligibility requirements apply.
Bonus Requirements: - To qualify for the $250 bonus, the following requirements must be met:
- Open a new qualifying Alero Plus or Fusion Plus account during the offer period
- Enroll in eStatements within 30 calendar days of account opening • Receive qualifying cumulative direct deposits totaling at least $2,500 within 90 calendar days of account opening
- Complete a minimum of 15 qualifying debit card purchase transactions within 90 calendar days of account opening
- Definitions of qualifying activity:
- Qualifying direct deposits are recurring electronic deposits made through the Automated Clearing House (ACH) by an employer, payroll provider, pension administrator, or provider of government benefits (such as Social Security). Transfers between accounts, person-to-person payments (including Zelle® or similar services), mobile check deposits, ATM deposits and domestic transfers do not qualify.
- Qualifying debit card transactions include point-of-sale purchase transactions only. ATM withdrawals, cash advances, refunds, returns, disputed transactions and other non-purchase transactions are not eligible.
Bonus payment:
- The $250 bonus will be deposited into the qualifying customer’s new Alero Plus or Fusion Plus checking account within 45 calendar days after all promotional requirements have been completed and verified. Account must be open and in good standing at time of bonus payment.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Aero Plus has a $5.95 monthly fee that is waived with a balance request, but I don’t understand what that balance request is?
Early account termination fee
I didn’t see a fee schedule so uncertain if there is any EATF.
Our verdict
It used to be called CAFCU and may be Sensitive ChexSystems (hat tip to reader Gadget)?
Hat tip to the reader Doug
Useful posts about bank bonuses:
