[YMMV & NY only] Suffolk Federal Credit Union $200 Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: In Branch only, NY
• Direct deposit required: Yes, $250+
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Up to $1,000, no American Express
• Monthly fees: None
• Early account termination fee: $20, six months
• Household limit: None listed
• Expiration date: September 23rd, 2017

The Offer

No direct link, they sent mailers out. Not sure if they are actually required in branch or not

• Open a new checking account and receive a bonus of $200 when you receive a direct deposit of at least $250

The Fine Print

• Offer is available for new members opening a Suffolk Federal checking account with Direct Deposit at any Suffolk Federal branch between June 17 and July 15, 2017.
• Cash back deposit will be made into the new checking account after the first Direct Deposit is received.
• Direct Deposit must be received within 45 days of account opening and be at least $250 per deposit. Account must stay open for a minimum of 90 days along with recurring direct deposits or Suffolk Federal has the right to revoke the $200 deposit.
• Suffolk Federal will not remove the deposit until contacting the member with reason for doing so.
• Limited to one bonus or cash-back rewards program unless otherwise stated.
• Membership is open to anyone who lives, works, worships, attends school or regularly conducts business in Suffolk County, NY, as well as immediate family members of current membership.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

According to the fee schedule there is an early account termination fee of $20 if closed within six months. They offer a free checking account that doesn’t have any monthly fees.

Our Verdict

They have offered a referral bonus of $100 ($100 for person doing the referring and $50 for person being referred) in the past that didn’t require a direct deposit. This bonus is significantly higher but does require a direct deposit. I think this is worth doing if you live in the target area and we can confirm it’s a soft pull. If anybody manages to open it without the flyer also let us know.

Big thanks to reader, Kris P who let us know. Learn how to find bonuses and contribute to the site here.

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