[Expired] Educational Systems Federal Credit Union $250 Checking Bonus

Update 10/31/23: Extended until November 30, 2023

Update 8/3/23: Extended until October 31, 2023.

Update 7/30/23: Extended until 9/30.

Offer at a glance

• Maximum bonus amount: $250
• Availability: If you are a volunteer for, an employee, student or alumni of, or a retiree from a public school system, private school, college or university, education related organization or an immediate family member of thereof, you can become a member of the Support Education Foundation. Foundation membership is established by making a minimum contribution of $15 each year. As a member, you’re eligible to open an account with Educational Systems Federal Credit Union
• Direct deposit required: Yes, $700+
• Additional requirements: eStatements
• Hard/soft pull: Mixed DP
• ChexSystems: No
• Credit card funding: Up to $100
• Monthly fees: $10, avoidable
• Early account termination fee:$10 if closed within 6 months
• Household limit: None listed
• Expiration date: July 31, 2023

The Offer

Direct link to offer

• Educational Systems Federal Credit Union is offering a $250 bonus when you open a new checking account and complete the following requirements:
  • Sign up for eStatements
  • A direct deposit of at least $700+ per pay period

The Fine Print

• To qualify for the $250 bonus dividend, a new Checking account must be opened between June 15 and July 31, 2023 with eStatements and a minimum Direct Deposit of at least $700 per pay period from payroll, retirement income sources or social security that posts to the account by October 31, 2023.
• The $250 Bonus Dividend will be posted to the member’s savings account within 10 business days after the qualifying Direct Deposit posts and validation of eStatement enrollment.
• May be reported as taxable income.
• This promotion cannot be combined with other offers.
• Offer subject to change without notice.
• Membership eligibility required.
• 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 a $10 monthly fee on the dividend checking account. This is waived with a $500 minimum balance.

Early Account Termination Fee

$10 if closed within 6 months

Our Verdict

Looks like anybody can join by becoming a member for $15. Obviously need to know more about the account opening process, but if everything works out and it’s a soft pull then this does look to be an easy nationwide bonus.

Hat tip to ShawntheShawn

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