Posted by William Charles on August 9, 2016
Bank Account Bonuses

Published on August 9th, 2016 | by William Charles

2

[MI only] Preferred Credit Union $100 Visa Gift Card In Branch Checking Bonus – No Direct Deposit



Offer at a glance

  • Maximum bonus amount: $100 Visa gift card
  • Availability: Must open in branch, all locations are in Michigan [Branch locations]
  • Direct deposit required: No
  • Additional requirements: Deposit $200 and make 10 debit card transactions
  • Hard/soft pull: Hard
  • ChexSystems: Unknown 
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: $25, 90 days
  • Expiration date: None listed

The Offer

Direct link to offer

  • Receive a sign up bonus of $100 in the form of a Visa gift card when you open a new checking account with Preferred Credit Union and complete the following requirements within 90 days:
    • Make 10 debit card transactions




The Fine Print

  • Restrictions and qualifications apply.
  • Must be a new service to PCU.
  • A new service is defined as someone who has not had that service with PCU in the last year.
  • Must be 18 years or older.
  • Offer subject to change without notice.
  • $125 will be paid out in the form of a Visa gift card.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

They offer a free checking account with no monthly fees or minimums. You will be charged $15 per month if your account is dormant for 12+ months. According to the fee schedule you’ll also be charged a $25 early account termination fee if your account is closed within 90 days.

Our Verdict

Unfortunately this is a hard pull to open, so it isn’t worth considering. You are better off going with a credit card that offers a high cash sign up bonus. Alternatively you can find a list of bank bonuses that we do recommend here.

Useful posts regarding bank bonuses:



2 Responses to [MI only] Preferred Credit Union $100 Visa Gift Card In Branch Checking Bonus – No Direct Deposit

  1. Steve says:

    I just opened this today and see a hard pull on my TransUnion. I forgot to even ask before opening.

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