[MN, WI, TN, TX] Altra Federal Credit Union $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: MN, WI, TN, TX
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $15, 90 days
• Household limit: None
• Expiration date: None listed

The Offer

Direct link to offer

• Altra Bank is offering a bonus of $250 when you open a new Business Advantage or Business Edge account and complete the following requirements:
  • Use promo code CHK_$250BUSINESS
  • Make $2,500 in qualifying deposits
  • 20 debit card transactions

The Fine Print

• $250 cash bonus available for new Altra Business members who open a new Business Advantage or Business Edge Checking account in person at any Altra Branch location; Offer void for existing Altra Business members or Altra members if Altra membership has been closed within the last 6 months.
• To receive offer, you must complete the following requirements within the first sixty (60) days of account opening: 1) Make a minimum of $2,500 in qualifying deposits (new money; funds not currently on deposit at Altra, and 2) Make a minimum of twenty (20) purchases with your Altra Visa Business Debit Card ($10.00 minimum purchase per transaction required).
• $250 will be deposited into new Business Checking account within 30 business days of completing requirements.
• If all requirements are not completed and/or posted within the first 60 days of account opening, cash bonus will not be deposited.
• The first sixty (60) days of account opening means the full 60 days beginning on the 1st day and up to the 60th calendar day at 2 pm CST. One Business Checking account per business member; one offer per business member.
• Available for business accounts only; not available for personal or Guardianship, Rep Payee, or UTMA accounts.
• Offer valid for members ages 18 and older.
• For tax purposes, cash bonus may be reported as dividends. Membership eligibility required. Limited time offer.
• Cannot be combined with any other checking bonus. Contact Altra for complete details.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business advantage has a $10 monthly fee. This is waived with a $500 average daily balance.

Early Account Termination Fee

There is a $15 fee if closed within 90 days of account opening.

Our Verdict

Might be worth doing for some people, not sure what sort of business documents are required.

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