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Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide
- Direct deposit required: Yes, $250+
- Additional requirements: Use promo code
- Hard/soft pull: Hard
- ChexSystems:Yes, inquiry sensitive
- Credit card funding: None
- Monthly fees: None listed
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: February 14th, 2018
The Offer
- First Tech Federal Credit Union is offering a $100 bonus when you open a new Dividend Rewards Checking Account (portland trail blazers branded) and complete the following requirements:
- Enter promo code BZR18
- Receive a recurring direct deposit of at least $250 by April 16th, 2018
The Fine Print
- Offer valid for new members who use promo code BZR18 only.
- One bonus per Member.
- Offer expiries 2.14.18 and cannot be combined with any other offer.
- Accounts must be personal accounts, not fiduciary or business accounts.
- To qualify for the $100 bonus, you must open a Dividend Rewards Checking account online at firsttechfed.com/BZR18, or at any location by 2.14.18, and we must receive your first direct deposit of $250 by 04.16.18. Direct deposits must be reoccurring and equal to or greater than $250.
- We’ll deposit the bonus into your Membership Share Account by 05.16.18 if the requirements are met.
- Account must be in good standing (not in default, closed, or otherwise not in good standing).
- Bonus amounts are considered interest and will be reported on IRS form 1099 INT
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees or monthly minimums to worry about. I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.
Our Verdict
Hard pull and the fact they are inquiry sensitive absolutely destroy any value in this deal. Simply not worth taking a hard pull for a $100 bonus that has a direct deposit requirement and is also taxed. Because of that I can’t recommend this bonus to anybody, especially when there as so many other better bonuses available.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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
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