DOC Compass — Offers, decoded

Offer at a glance

Maximum bonus amount: $200
Availability: AZ only
Direct deposit required: Yes, $500+
Additional requirements: Promo code, 15 debit card purchases
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee:
Household limit: None listed
Expiration date: None listed

The Offer

Direct link to offer

Landings Credit Union is offering a $200 bonus when you open a new checking account and complete the following requirements within 60 days:
- Use promo code: CHK26 when you apply.
- Open a new Landings Credit Union checking account.
- Set up recurring direct deposits totaling at least $500 per month.
- Make 15 qualifying debit card purchases.

The Fine Print

This checking account bonus offer is available only to new Landings Credit Union members who open an eligible checking account as the primary account owner. E
ligible applicants include: individuals who are not currently members of Landings Credit Union; and former members whose Landings Credit Union membership was closed 12 or more months prior to the new account opening date. The offer is not available to: existing Landings Credit Union members, primary and/or joint account owners; individuals who have closed a Landings Credit Union membership within the past 12 months; employees of Landings Credit Union; immediate family members of employees.
Participants must be at least 18 years of age, meet Landings Credit Union membership eligibility requirements, and present a valid promotional code at the time of account opening.
Membership and account opening are subject to approval. To receive the $200 bonus, the member must establish membership with a share savings account and open a new qualifying checking account, complete at least 15 qualifying debit card purchase transactions using their Landings Debit Card within the first 60 days of account opening (transactions must post and clear; ATM transactions, refunds, reversals, and person-to-person payments do not qualify), and establish recurring direct deposits totaling at least $500 per month within the first 60 days of account opening (qualifying direct deposits include payroll, pension, or government benefits; transfers between accounts and deposits made at a branch, ATM, or through mobile deposit do not qualify).
The $200 bonus will be deposited into the qualifying checking account after all promotional requirements have been satisfied and verified. The checking account must remain open and in good standing at the time the bonus is paid.
The bonus is considered interest income and will be reported to the IRS on Form 1099-INT (or Form 1042-S, if applicable).
Members are responsible for any applicable federal, state, and local taxes
Limit one bonus per member.
Offer is non-transferable and may not be combined with any other promotional offer
. Landings Credit Union reserves the right to determine eligibility and to withhold or reclaim bonus payments in cases of fraud, abuse, misrepresentation, or promotional misuse. Landings Credit Union reserves the right to modify or discontinue this promotion at any time without notice.
Additional terms and conditions may apply.
Membership eligibility required. Landings Credit Union is federally insured by the NCUA.
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

Early Account Termination Fee

Didn’t see any mention in the fee schedule.

Our Verdict

Seems like a good bonus, if anybody has any experiences with this bank or decides to go for the bonus then please share your experiences in the comments below.

Hat tip to reader Dasher

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