[CT, IL Only] Alero Financial $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: CT only. Must live or work within a 25-mile radius of a  Alero branch. More eligibility here. 
• Direct deposit required: Yes, $2,500+
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $5.95, avoidable 
• Early account termination fee: None 
• Household limit: None 
• Expiration date: December 31, 2026

The Offer

Direct link to offer

• Alero Financial is offering a $250 bonus when you open a new Alero Plus or Fusion Plus checking account and complete the following requirements:
  • Enroll in eStatements within 30 days of checking account open date
  • Receive at least $2,500 in qualifying direct deposits within 90 days of checking account open date
  • Make 15 debit card purchases within 90 days of checking account open date

The Fine Print

• Eligibility: Offer available to new Alero Financial members and existing members who do not currently have an open consumer checking account and who open a new qualifying Alero Plus or Fusion Plus consumer checking account. Existing members with an active consumer checking account, including those who open an additional or secondary checking account, are not eligible. Limit one bonus per member, taxpayer identification number, and household. Employees, volunteers, officials, and directors of Alero Financial are not eligible. Membership eligibility requirements apply.
  Bonus Requirements:
• To qualify for the $250 bonus, the following requirements must be completed:
  • Open a new qualifying Alero Plus or Fusion Plus consumer checking account during the offer period
  •  Enroll in eStatements within 30 calendar days of account opening • Receive cumulative qualifying direct deposits totaling at least $2,500 within 90 calendar days of account opening
  • Complete a minimum of 15 qualifying debit card purchase transactions within 90 calendar days of account opening
• Qualifying Activity Definitions:
  •  Qualifying direct deposits are recurring electronic deposits made via Automated Clearing House (ACH) from an employer, payroll provider, pension administrator, or government benefits provider (such as Social Security). Transfers between accounts, person-to-person payments (including Zelle® or similar services), mobile check deposits, ATM deposits, and internal transfers do not qualify.
  •  Qualifying debit card transactions include point-of-sale purchase transactions only. ATM withdrawals, cash advances, refunds, reversals, disputed transactions, and other non-purchase transactions do not qualify.
    Bonus Payment:
• The $250 bonus will be deposited into the new qualifying Alero Plus or Fusion Plus consumer checking account within 45 calendar days after all promotional requirements have been met and verified. The account must be open and in good standing at the time of bonus payment.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Aero Plus has a $5.95 monthly fee that is waived with a balance requirement but I don’t see what that balance requirement is?

Early Account Termination Fee

I didn’t see a fee schedule so unsure if there is any EATF. 

Our Verdict

Used to be called CAFCU & might be ChexSystems sensitive (hat tip to reader Gadget)?

Hat tip to reader Doug

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