Update 3/27/26: There is a class action remedy for a data breach:
You are a “Class Member” if your personally identifiable information (“PII”) is stored on the platform accessed in the Incident. Defendant sent and published notice of the incident to Class Members beginning in August 2024. Class Members may also receive notice of this Agreement by direct mail.
Hat tip to the reader Iggy
Deal is over, see more bank account bonuses by clicking here.
Expanded to June 30, 2025
Update 3/22/25: Extends through April 30, 2025
The terms say “Valid only to the recipient of this offer”
Offer at a glance
- Maximum bonus amount: 400 dollars
- Availability: Co.
- Direct deposit required: Yes, two that add up to $4,000
- Additional requirements: See below
- Hard/soft pull: Soft without overdraft protection
- ChexSystems: Unknown, sensitive
- Credit card financing: ANY
- Monthly fees: ANY
- Early account closure fee: Unknown
- Family boundary: ANY
- Expiration date: February 28, 2025
Offers
- Patelco Credit Union is offering a $400 bonus. The bonus is divided as follows:
- Earn $300 by opening one free OR Controlling interest account, by enrolling in eStatements and have at least two (2) consecutive qualifying monthly direct deposits into your new Patelco checking account totaling $4,000 or more by May 31, 2025
- Earn $50 by opening a Money Market account along with your new Free or Interest Control account
- Earn a final $50 by signing up for RoundUp and accelerating your savings even further. Register on Patelco Online™ here.
Fine Press
- Valid for the recipient of this offer only for current accounts opened during the promotional period January 7, 2025 to February 28, 2025.
- To qualify for the $300 first bonus, you must meet the following criteria: 1) become a new Patelco member by opening a checking account by February 28, 2025. 2) sign up for electronic statement 3) have a minimum of two (2) consecutive monthly qualifying direct deposits into your new Patelco checking account 203 or more. Qualifying direct deposits are electronic deposits of payroll (payments), government benefit payments, social security, pensions or other income received through the Automated Clearing House (“ACH”) Network. Non-eligible deposits include, but are not limited to, Patelco’s internal account transfers, check deposits, peer-to-peer transfers (eg, transfers from Zelle, PayPal, Venmo, etc.), ATM or branch deposits, ATM transfers, or remote deposits. You can earn up to an additional $100 ONLY after qualifying for the first $300 bonus before the qualifying period ends on May 31, 2025. Earn an additional $50 by opening a Money Market Plus or Money Market Select account. Earn an extra $50 by signing up and using RoundUp at least once on your debit card purchases.
- 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 was not able to find a fee schedule so uncertain if there is any EATF.
Our verdict
Previously this was only $100. I suspect most readers will not qualify due to the sensitivity of ChexSystems.
Useful posts about bank bonuses:
