Offer at a glance
- Maximum bonus amount: $100
- Availability: ID, WA & OR. More details here
- Direct deposit required: No, only ACH required of $250+
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Can fund with a credit card, up to $5,000
- Monthly fees: None
- Early account termination fee: $20, 180 days
- Household limit: None
- Expiration date: None listed
The Offer
- Gesa Credit Union is offering a bonus of $100 when you open a new Colossal checking account and complete the following requirements within 60 days of account opening:
- Enroll in Xpress Digital Banking.
- Sign-up for and receive eStatements.
- Complete 10 Gesa Visa® debit card transactions. (ATM transactions excluded.)
- Receive one ACH deposit of $250 or more.
- Deposit one item using Remote Deposit Capture.
The Fine Print
- Beginning June 1, 2021, for a limited time only, a $100 incentive will be paid by a direct deposit into the member’s savings account, after all qualification criteria are met and within 60 days of the checking account opening.
- The incentive payment is subject to required IRS reporting.
- To be eligible for the incentive, you must enroll in Xpress Digital Banking or Xpress Mobile Banking, sign-up to receive electronic statements, complete 10 Gesa Visa® debit card transactions (ATM transactions excluded), receive at least one ACH deposit of $250 or more, and deposit at least one item through mobile check deposit. Only one $100 incentive per member.
- Member must not have had a Gesa Checking account within the last 90 days.
- Qualified checking accounts are Colossal and ADDvantage.
- The checking account must be opened with a minimum deposit of $5 if opened in the branch and $25 if opened online.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
A $20 fee is charged if the account is closed within 180 days according to this fee schedule.
Our Verdict
Previously this bonus has been as high as $150 with basically the same requirements. Might be worth waiting for that bonus to return. Even so I’ll add this to the best bank account bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times