[PA] Service 1st Federal Credit Union $300 Checking Bonus

Update 8/2/26: Deal is back through 12/31/2026. Hat tip to reader Pickle Rick

Update 6/7/26: Extended until 6/30/26

Update 6/8/25: Bonus extended until 12/31/25. Hat tip to Tikky

Update 1/14/24: Extended until 12/31/2024.

Update 6/30/23: Extended until 12/31/2023.

Offer at a glance

• Maximum bonus amount: $300
• Availability: PA
• Direct deposit required: Yes, $250+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None listed
• Household limit: None listed
• Expiration date: 6/30/2023

The Offer

Direct link to offer

• Service 1st Federal Credit Union is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
  • $150 bonus when you accept the following upon opening:
    • accept a VISA® Check Card. The VISA® Debit Card associated with the member’s account must perform a transaction within 30 days of membership opening date to meet the program requirements.
    • Online Banking
    • Electronic Statements
  • $150 bonus when you receive a direct deposit of at least $250 within 30 days of account opening

The Fine Print

• $300 Cash Bonus Rules and Eligibility. Offer valid through 6/30/2023.
• Account opening and overdraft protection is subject to qualifications.
• Members with existing checking account(s) do not qualify.
• Offer does not apply to business accounts or multiple checking accounts.
• Member must accept a VISA® Check Card, Online Banking, and Electronic Statements upon account opening to receive $150.
• The $150 will be credited to a member’s account within 10 business days of opening a qualified checking account.
• Members can receive an additional $150 if they enroll in Direct Deposit.
• The first direct deposit must be credited to checking account within 30 days of checking account opening to receive an additional $150 cash bonus.
• Minimum direct deposit amount to receive this offer is a regular $250.00 deposit. Direct deposit is an automatic electronic deposit made to your account by someone else, such as an employer issuing payroll or a government agency paying benefits.
• It may not include deposits to your account that are made by an individual using online banking or an internet payment provider.
• The Checking Account must remain open for six months or the cash bonus ($150/$300) will be debited (subtracted) from the account balance at closing.
• The cash bonus is a credit that will post to the account within 30 days of the initial direct deposit. Some restrictions may apply.
• This offer may not be combined with any other promotion, except for the Service 1st Checking Bundle promotion.
• This offer can be modified or withdrawn at any time without notice. Cash incentive must be reported as taxable income.
• Please see a tax specialist for details.
• Savings account with a $5 minimum balance and one-time $1.00 membership fee is required.
• Membership eligibility required.
• **Members who have an inactive Service 1st Visa® Check Card for three (3) months or more will be assessed a dormant check card fee of $1.50 for each month the card remains inactive.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is an early account termination fee or not.

$50 Referral

The terms state ‘This offer may not be combined with any other offer except the Service 1st Refer-a-Friend offer’ so it looks like you can stack this with a referral. The referral is for $50 each. Please do not ask for or share referrals in the comments below. They can be shared in this linked post. According to comments might be more difficult to get approved with a referral.

Our Verdict

Worth doing now that the bonus has been increased so much, especially with the extra $50 referral and even better if you can refer a few people as well. Will add this to our best checking bonus page. Reminder to not share referrals in the comments below. 

Hat tip to Woody

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