[CO only] On Tap Credit Union $150 Checking Bonus

Update 8/2/26: Extended until 10/31/26

Update 5/4/25: Available again, no end date listed.

Update 3/3/24: Deal is back and valid through December 2024 (ht reader Heather)

Update 4/15/23: Deal is back through Dec 2023. Recent dp say it’s a soft pull.

Offer at a glance

• Maximum bonus amount: $150
• Availability: CO only
• Direct deposit required: Yes, no minimum mentioned must maintained by 6 months
• Additional requirements: See below
• Hard/soft pull: Soft pull according to recent DPs
• ChexSystems: Unknown
• Credit card funding: $500
• Monthly fees: None
• Early account termination fee: $5, six months
• Household limit: None
• Expiration date: December 31, 2023 December 31, 2024

The Offer

Direct link to offer

• On Tap Credit Union is offering a bonus of $150 when you open a new checking account and complete the following requirements:
  • Use promo code CHECKING150
  • Mention promotion at account opening
  • Set up a direct deposit of at least $500 and maintain it for six months
  • Make at least 10 debit card purchases

The Fine Print

• Subject to IRS dividend reporting. Must mention this promotion at the time of account opening to qualify. A $5 par membership share with On Tap Credit Union is required. Checking account and direct deposit must be maintained for six (6) months after the date opened.
• Offer available through Dec 2022.
• 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

According to the fee schedule there is a $5 fee if the account is closed within six months. You need to keep the account open for longer than six months anyway to complete the requirements.

Our Verdict

Very annoying that the direct deposit must be maintained for six months, not worth it for a lot of people.

Hat tip to alopez14

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