Offer at a glance
- Maximum bonus amount: $250
- Availability: NC, SC, VA, TN, GA. TN & GA require a membership with the American Consumer Council
- Direct deposit required: Yes, two direct deposits of $500+ each within 60 days of account opening
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $2,500
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: July 15, 2022
The Offer
- Truliant Federal Credit Union is offering $250 in gift cards when you open a new checking account and complete the following requirements:
- Make a minimum $100 first deposit within the first 10 days of opening your new checking account.
- Make two qualifying direct deposits of at least $500 each within the first 60 days of opening the account.
- Use your Truliant debit card for 10 purchases within 60 days of receiving the card.
The Fine Print
- You must set up and receive at least two qualifying direct deposits of $500 of more each to your checking account within 60 days of opening the account to receive the 250-point certificate, which is redeemable for a free gift card.
- A qualifying direct deposit is a recurring electronic direct deposit of your paycheck, pension, or government benefits (such as Social Security) from your employer or government.
- Person-to-person and transfers between your TFCU accounts or accounts you have at other financial institutions or brokerages do not qualify.
- Payments received for goods sold do not qualify.
- After you satisfy all of the requirements, you will receive an email notification for your reward redemption within 60 days.
- The checking account must be open and in good standing (reflect a positive balance) when notified of reward redemption.
- Third-party gift cards name/brands are the trademarks and or registered trademarks of their respective owners.
- One bonus offer per member, offer is non-transferable, cannot be combined with any other offer, valid email address required, and is void after July 15, 2022.
The bonus amount of $250 will be reported to the IRS for 1099-INT tax purposes.
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry
Early Account Termination Fee
According to this fee schedule there is no early account termination fee.
Our Verdict
It’s unclear the gift cards offered and they might be ChexSystems sensitive. If you can get approved then it’s worth doing as there is some good credit card funding as well.
Hat tip to reader Stanley
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
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