Offer at a glance
- Maximum bonus amount: $190
- Availability: TX only. If you don’t work in education you need to live within 10 miles of branches all are in Amarillo, TX
- Direct deposit required: Yes, $500+ but any transfers will work
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: No
- Early account termination fee: 12 months, bonus forfeit
- Household limit: None
- Expiration date: December 31, 2025
The Offer
Direct link to offer
- Education credit union is offering a $190 bonus when you open a new checking account and complete the following requirements:
- Enroll in eDocs
- Make at least 15 debit card purchases (Non-ATM, posted, and settled transactions only)
- Receive $500+ in electronic deposits (Includes payroll, ACH transfers, direct deposits, or remote deposits)
The Fine Print
- Offer valid July 1, 2025 through December 31, 2025, for individuals who have no previous checking accounts with Education Credit Union.
- To qualify for this bonus, new members must earn the Smart Checking Bonus Dividend (as described in the Truth In Savings disclosure that has been provided as part of the membership packet) within the first 2 full statement cycles of the checking account being opened and must not have a negative balance on the last day of the statement cycle in which the Smart Checking Bonus Dividend requirements are met.
- Once these requirements have been met, the $190 bonus will be directly deposited into the qualifying Smart Checking account within seven (7) days after the date the Smart Checking Bonus Dividend has been deposited.
- This bonus may not be deposited into any other account(s).
- Only one(1) bonus will be paid per membership.
- If the account is closed within 12 months of the bonus being paid, Education Credit Union may deduct the bonus amount, not to exceed $190 from the member’s available balance.
- This bonus is considered taxable and will be reported to the IRS as earnings on the account that is opened.
- 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
Bonus forfeit if closed within 12 months
Our Verdict
Feel free to share your experiences in the comments below.
Hat tip to reader Bockrr
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- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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