[TX, MN, KS] Unity One Credit Union $250 Checking Bonus

Update 9/29/24: Bonus has increased to $250, direct deposit requirements reduced.Hat tip to ShawntheShawn

Offer at a glance

Maximum bonus amount:

Availability: TX, MN, KS

Direct deposit required: Yes, $2,500+ for the full bonus

Additional requirements: None

Hard/soft pull: Unknown

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: None

Household limit: None

Expiration date: None listed

The Offer

Direct link to offer

Unity One Credit Union is offering a $200 checking bonus, bonus is broken down as follows:

$100 if you have a recurring direct deposit of $500 or more per month

$250 if you have a recurring direct deposit of $1,500 or more per month

The Fine Print

Bonus offer valid for new Best Free Checking accounts only.

No other checking accounts qualify for bonus.

Member must not have a current or prior checking account with Unity One Credit Union.

One bonus offer per social security number or ITIN number.

Allow up to 90 days from account opening to receive cash back deposit.

Earn cash back for the following actions within 45 days of account opening: Receive $100 when you open a new Best Free Checking account, subject to approval, and have a recurring direct deposit of $1,000 or more per month.

Cash back increases to $200 if direct deposit reaches $2,500 or more per month.

Your direct deposits need to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government.

Micro-deposits, Person-to-Person (such as Zelle®) and bank transfers between your Unity One accounts or accounts you have at other financial institutions or brokerages are not considered a direct deposit.

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 an EATF in the fee schedule

Our Verdict

If anybody decides to do this bonus, please share if it’s a hard or soft pull to open in the comments below.It should be worth doing if it’s a soft pull.

Hat tip to Bockrr

Useful posts regarding bank bonuses:

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
Publisher: Source link

Your email address will not be published. Required fields are marked*

Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.