[CA only] Credit Union of Southern California $100 Checking Bonus + $50 Savings Bonus

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Offer at a glance

  • Maximum bonus amount: $150
  • Availability: CA
  • Direct deposit required: Yes, $250+
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Yes
  • Credit card funding: Unknown
  • Monthly fees: $5
  • Early account termination fee: Unknown
  • Household limit: None
  • Expiration date: March 31, 2022

The Offer

Direct link to offer

  • Credit Union of Southern California is offering a checking bonus of up to $100 when you open a new account. Bonus is broken down as follows:
    • $50 when you open a classic checking or $100 with a rewards checking and establish and receive a minimum monthly direct deposit of $250 within 60 days of account opening
    • Two $50 payments when you open and fund two additional products (see below)

The Fine Print

  • Offer valid February 1, 2022 through March 31, 2022 and is subject to change without notice.
  • Valid only with new Members.
  • New Members are defined as a person 18 and older who has never been an owner of an account at CU SoCal.
  • All new accounts will be verified by ChexSystems®, and are subject to approval and Membership eligibility. To qualify for the cash bonuses, the new Member must open a checking account with a minimum monthly direct deposit of $250 within 60 days from establishing Membership and open up to 2 products from the list shown within 60 days from establishing Membership.
  • Cash bonus will be credited to Members’ CU SoCal deposit account within 90 days from the date the new Member established their Membership.
  • This offer cannot be combined with other promotional offers. Cash bonus may be subject to tax reporting, applicable 1099 may be provided for tax purposes.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Rewards checking account has a $5 monthly fee, doesn’t seem to be avoidable.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF or not.

Our Verdict

Probably not worth doing as it’s a small bonus and there is a monthly fee as well.

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