Offer at a glance
- Maximum bonus amount: $250
- Availability: PA only
- Direct deposit required: Yes, $500+ per month and ongoing
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $20, 90 days
- Household limit: None listed
- Expiration date: July 31, 2021
The Offer
- First Commonwealth Federal Credit Union is offering a bonus of up to $250 when you use promo code BETTER21. Bonus broken down as follows:
- $50 when you open a new membership to join First Commonwealth
- $100 when you open a new checking account, use your debit card, and sign up for eStatements
- $100 when you add a qualifying direct deposit to your new checking account. Must be at least $500 per month and ongoing.
- Can also get another $100 from opening loan products
The Fine Print
- Member may not be primary or joint owner on existing checking account.
- Account must be opened between 5/24/21 and 7/31/21.
- Member must make at least one purchase with debit card tied to new checking account within 30 days of account opening.
- Enrollment in eStatements through First Commonwealth Digital Banking required.
- A qualifying direct deposit is defined as payroll, social security, or pension payment and must be made to member’s Checking Account, be received within 30 days of account opening, be on-going, and total $500 or more each month.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Value checking account has no monthly fees to worry about.
Early Account Termination Fee
According to the fee schedule there is a $20 fee if closed within 90 days of account opening.
Our Verdict
Never seen a bonus from this bank before so we need to know if it’s a hard or soft pull to open. A lot of requirements for a relatively small bonus, but still should be worth doing if it’s a soft pull
Hat tip to reader IS250
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- A Beginners Guide To Bank Account Bonuses
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- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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