Offer at a glance
- Maximum bonus amount: $150
- Availability: WA only
- Direct deposit required: Optional
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None listed
- Household limit: None
- Expiration date: None listed
The Offer
Direct link to offer
- Seattle Credit Union is offering a $150 bonus when you complete two the following requirements:
- Maintain $500 in monthly direct deposits
- Complete 10 transactions a month
- Enroll in eStatements
The Fine Print
- 1) Eligibility
a) Member must be at least 13 years old and in good standing with the credit union at the time of account opening (account cannot be overdrawn, etc.).
b) Member must open a checking account and maintain at least two (2) of three (3) the following within a “90-day engagement period”: 1) set up a minimum $500 monthly direct deposit; 2) sign up for eStatements; or 3) complete 10 transactions a month.
c) Member cannot have had a Seattle Credit Union checking account in the last six (6) months and must be a full member and primary signer, not a joint member. - 2) Commitment
When Member opens a checking account and meets two (2) of the three (3) requirements, they will receive a $150 “Incentive Bonus,” which will be posted to their membership savings account within thirty (30) business days of completion of the 90-day engagement period. Account-opening bonuses during a calendar year totaling ten dollars ($10) or more are reported on Form 1099 INT. - 3) Exclusions and Restrictions
All new accounts are subject to Seattle Credit Union standard Membership Agreement terms and conditions. Seattle Credit Union reserves the right to cancel or amend the terms of the $150 Checking Incentive Program at any time and without notice. - All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any EATF in the fee schedule.
Our Verdict
Might be possible to stack with a referral. Please do not share your referrals until we confirm it stacks as I suspect you’ll only get the $100 referral bonus and not this $150 bonus. One interesting thing to note is that the header of the offer in your browser says (in branch) but there are links to open the account online. Again not sure how this works in practice.
Hat tip to reader snailrock
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
