Offer at a glance
- Maximum bonus amount: $300
- Availability:TX
- Direct deposit required: Yes, $3,000+ per month
- Additional requirements: Use promo code
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5-$10, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: None listed
The Offer
- Texans Credit Union is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Receive a total of $3,000 or more each month in Qualifying Direct Deposits over a consecutive 3 month period into your Texans checking account
The Fine Print
- To receive up to $300 for the direct deposit bonus, enroll your direct deposit through Texans’ Direct Deposit Switch tool and receive a total of $3,000 or more each month in Qualifying Direct Deposits over a consecutive 3 month period into your Texans checking account.
- Texans will deposit $100 into your checking account after the first month in which a total of $3,000 or more in Qualifying Direct Deposits is received; $100 after the second month in which a total of $3,000 or more in Qualifying Direct Deposits is received; and $100 after the third month in which a total of $3,000 or more in Qualifying Direct Deposits is received.
- A Qualifying Direct Deposit is defined as deposits from an employer, payroll provider, benefits provider, pension, or the government (such as Social Security) via an ACH deposit. External ACH transfers not from employers, verification or trial deposits from financial institutions, peer-to-peer transfers from services such as PayPal, Zelle, Cash App, or Venmo, mobile check deposits, cash loans or deposits, and any deposit which Texans Credit Union deems to not be legitimate are not considered Qualifying Direct Deposits.
- Limit one $300 bonus payout per membership and per checking account.
- Accounts at Texans must be in good standing (no past due or overdrawn accounts) at the time the bonus is credited.
- Bonuses are considered interest and will be reported to the IRS as required.
- This offer can change at any time without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- My Texans Interest Checking has a $10 monthly fee waived when a $2,500 minimum daily balance is maintained
- My Texans Checking has a $5 monthly fee waived with any monthly direct deposit or enrollment in e-statements ($5 per mo. if not met)
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Bit annoying to keep the account fee free but worth it for a $300 bonus. Nice bonus
Hat tip to Jimmy Johns
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times