Offer at a glance
- Maximum bonus amount: $250
- Availability: Lehigh Valley, PA
- Direct deposit required: Yes, two per month for seven months for full bonus
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None listed
- Early account termination fee: None listed
- Household limit: None listed
- Expiration date: August 31, 2021
- Gold Credit Union is offering a bonus of $250 when you open a new checking account using promo code FREEDOM21. Bonus broken is down as follows:
- $50 when you open and maintain a gold medal checking account (must be kept in good standing for 7 months)
- $100 when you establish direct deposit to your account (minimum of two direct deposits per month for 7 months)
- $100 when you use your GOLD debit or credit card (make 12 transactions per month on your debit card for 7 months)
- You can also get a $150 bonus when you open or transfer a loan to Gold Credit Union
The Fine Print
- Credit union eligibility and Membership are required prior to opening an account or loan. Offer is limited to new Members of GOLD Credit Union who become a Member and open a GOLD Medal Checking account between 7/1/2021 and 8/31/2021.
- Eligible bonuses will be paid as a special dividend deposited to Member’s account. Any earned bonuses will be paid between 3/1/2022 and 7/30/2022.
- Offer can be canceled or withdrawn at any time without notice.
- See credit union for details. 2 Account must be opened between 7/1/2021 and 8/31/2021 and must remain open and in good standing, meeting account requirements, for 7 months (month 1 begins the first day of the month after account opening) to be eligible for bonus.
- Minimum of 2 ACH direct deposits of payroll, pension, or social security per month.
- Must be established within 30 days of account opening and be ongoing for a minimum of 7 months (month 1 begins the first day of the month after account opening) to be eligible for bonus.
- Minimum of 21 combined transactions per month on GOLD Debit or Credit Card for 7 months (month 1 begins the first day of the month after account opening).
- Must be a new loan or refinanced competitor loan; existing GOLD loan refinances are excluded. Only GOLD Auto, RV, Personal, Home Equity, and Mortgage Loans are eligible for bonus.
- Credit cards and lines of credit are excluded. Bonus can be earned only once.
- Loan must be funded within 7 months of account opening (month 1 begins the first day of the month after account opening). Not all applicants will qualify for approval.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Gold medal account has no monthly fees, but if you don’t meet the account requirements for six consecutive months you’ll be converted to a regular gold account that does have monthly fees. Those requirements are as follows:
- Members must have a minimum of $850 per month in deposits, $750 per month in withdrawals, and an active GOLD Debit or Credit Card
Early Account Termination Fee
There is no early account termination fee according to the fee schedule.
Don’t think this is worth doing as the requirements need to be met for 7 months and the bonus isn’t that high. For now we won’t be adding this to our list of the best bank account bonuses.
Hat tip to reader Scott S
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