Deal has ended, view more bank account bonuses.
Offer at a glance
- Maximum bonus amount: $150
- Availability: CA. Orange, Los Angeles, Riverside, or San Bernardino Counties
- Direct deposit required: Yes, $250+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Yes, sensitive
- Credit card funding: Unknown
- Monthly fees: $5
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: March 31, 2022
The Offer
- Credit Union of Southern California is offering a checking bonus of up to $100 when you open a new account. Bonus is broken down as follows:
- $50 when you open a classic checking or $100 with a rewards checking and establish and receive a minimum monthly direct deposit of $250 within 60 days of account opening
- Two $50 payments when you open and fund two additional products (see below)
The Fine Print
- Offer valid February 1, 2022 through March 31, 2022 and is subject to change without notice.
- Valid only with new Members.
- New Members are defined as a person 18 and older who has never been an owner of an account at CU SoCal.
- All new accounts will be verified by ChexSystems®, and are subject to approval and Membership eligibility. To qualify for the cash bonuses, the new Member must open a checking account with a minimum monthly direct deposit of $250 within 60 days from establishing Membership and open up to 2 products from the list shown within 60 days from establishing Membership.
- Cash bonus will be credited to Members’ CU SoCal deposit account within 90 days from the date the new Member established their Membership.
- This offer cannot be combined with other promotional offers. Cash bonus may be subject to tax reporting, applicable 1099 may be provided for tax purposes.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Rewards checking account has a $5 monthly fee, doesn’t seem to be avoidable.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF or not.
Our Verdict
Probably not worth doing as it’s a small bonus and there is a monthly fee as well.
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
No comments have been published yet.