Update 3/24/24: Deal is back until 12/31/2024. Hat tip to reader Gadget.
Update 4/22/23: Deal is back and now $200
Update 1/15/23: Extended until March 31, 2023.
Update 10/19/22: Extended until December 31, 2022 .
Update 4/24/22: Offer is back for April 1, 2022 and September 30, 2022. New promo code Grab100, updated below. (ht alopez14)
Offer at a glance
- Maximum bonus amount: $200
- Availability: CO
- Direct deposit required: Yes, $1,000+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $750
- Monthly fees: None listed
- Early account termination fee: $20, 90 days
- Household limit: None listed
- Expiration date:
December 31, 2021September 30, 2022
The Offer
- SunWest Credit Union is offering a $200 checking bonus when you complete the following requirements:
- Use promo code Grab200
- Receive a direct deposit of $1,000+
The Fine Print
- Open a new checking account at SunWest Credit Union between October 1, 2021 and December 31, 2021 with qualifying direct deposit and receive a $100 bonus deposit to your account. Direct deposit must be a regular monthly income (such as salary, pension, Social Security, etc.) electronically deposited via Automated Clearing House (ACH) network by an outside agency, not the account holder, to qualify. Direct deposit must be received no later than January 31, 2022 to qualify.
- There is a $25 minimum opening balance for checking accounts but no minimum balance requirement after opening.
- Checking accounts do not earn interest/dividends.
- Bonus will be deposited to the account within 30 days of receipt of direct deposit.
- If membership is not already established, there is a $5 donation to SunWest Foundation, and a $5 membership share deposit required.
- All accounts subject to approval.
- $100 bonus will be reported on tax form 1099-INT. To redeem offer use promo code “Holiday100”.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is no monthly fee.
Early Account Termination Fee
This account has a $20 EATF if closed within 90 days.
Our Verdict
Small bonus and we don’t know much about the credit union, but if anybody goes for it then please share in the comments below.
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