[MI, OH] Cornerstone Community Financial Credit Union $300 Checking Bonus

Offer at a glance

• Maximum bonus amount: $300
• Availability:
  • All of Michigan
  • OH: Fulton, Henry, Lucas, Ottawa, Sandusky, and Wood counties
• Direct deposit required: Yes, $500+
• Additional requirements: See below
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: None 
• Monthly fees: Unknown 
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Cornerstone Community Financial Credit Union is offering a $300 checking bonus when you open a new checking account. You receive $100 each qualifying month for up to three months. 
  • monthly direct deposit of $500 or more
  • 18 signature debit card transactions posted and settled to the account (PIN, ATM, and cash advance transactions not eligible)
  • Be enrolled in eStatements
  • login once per month to either mobile or online banking

The Fine Print

• CASHBACK – $300 cashback will be paid in increments of $100 after each qualifying month, for up to three months after rewards checking account has been opened. Example: Accounts opened in March must meet qualifications in April to receive first payout of $100. The second $100 will be received after meeting qualifications in May, and the final $100 after meeting qualifications for a third time in June.
• A total of $300 can be earned when qualifications are met for the first three full calendar months after rewards checking account is opened.
• If qualifications are not met, no cashback will be paid.
• Qualifications during qualification period include 1) monthly direct deposit of $500 or more, 2) 18 signature debit card transactions posted and settled to the account (PIN, ATM, and cash advance transactions not eligible), 3) be enrolled in eStatements, and 4) login once per month to either mobile or online banking. Qualification period begins on the first day of the month and ends on the last day of the month with reward being paid the following month. Other restrictions may apply. May be changed or discontinued at any time.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Unsure

Early Account Termination Fee

Wasn’t able to find a fee schedule

Our Verdict

Seems like an OK bonus at minimum but need some datapoints, feel free to share yours in the comments below. 

Hat tip to reader Pickle Rick

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